Title
Chief Administrative Office recommending the Board authorize the Chair to sign Agreement 233-S1011 with the City of Placerville, Marshall Medical Center and Buxton Company in the total amount of $90,000 for a targeted retail retention and expansion development tool, noting the original Buxton Agreement 233-S1011 has been modified to reflect a cost sharing between the County of El Dorado, City of Placerville and Marshall Medical Center.
Fiscal Impact FY 2009/2010
Targeted Retail Retention and Development Tool (Buxton): $35,000;
$17,500 paid by the City of Placerville, and $17,500 paid by Marshall Medical Center
Fiscal Impact FY 2010/2011
Targeted Retail Retention and Development Tool (Buxton): $55,000.
Paid by the County of El Dorado, Economic Development.
Body
Background
On November 3, 2009 the Board of Supervisors authorized the Chairman to execute an agreement with Buxton for a targeted retail retention expansion development tool. Originally a contribution of $45,000 was anticipated from the City of Placerville and Marshall Medical Center. The revised agreement solidifies a $35,000 contribution by the City of Placerville, and Marshall Medical Center. The total cost of $90,000 remains unchanged and will be paid over two fiscal years; The City of Placerville will contribute $17,500 upon execution, Marshall Medical Center will contribute $17,500 upon completion of the Health Care Analysis, and the County of El Dorado will contribute $55,000 by August 1, 2010.
Buxton will provide to the City of Placerville, Marshall Medical Center and the County of El Dorado an economic development tool designed to develop a strategy for economic growth. Buxton supplies custom marketing materials and strategies, targeting the unique location requirements of retailers, developers, and commercial real estate brokers. Buxton collects and analyzes a community’s trade area information then defines the trade area based on the supply and demand of products, and generate...
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