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Planning and Building Department, Economic Development Division, recommending the Board approve and authorize the Board Chair to sign a one-year Funding Agreement with Greater Sacramento Economic Council (GSEC) in the amount not to exceed $62,345 with a term effective effective July 1, 2019 through June 30, 2020. (Est. Time: 15 Min.)
FUNDING: Transient Occupancy Tax (TOT) (General Fund)
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DISCUSSION / BACKGROUND
The Greater Sacramento Economic Council (GSEC), is a public-private partnership for growth strategies in the Capital Region of California. The organization spearheads community-led direction to retain, attract, grow, and scale new businesses, develop advanced industries, and create jobs and investment throughout the region. Greater Sacramento represents a collaboration between local and state governments, market leaders, influencers, and stakeholders, with the sole mission of driving economic growth.
On August 2, 2016 the Board of Supervisors approved the first Agreement with GSEC in the amount of $60,187 with an initial term effective upon execution and continuing through June 30, 2017 (Legistar Item #16-0606 v1). The Agreement was based on the 2014 Department of Finance Demographic Research Unit, E-4 population estimates for Cities, Counties, and the State, 2011-2018, with the 2010 census benchmark. The agreement provided for the County’s participation with GSEC as a voting member, and economic development related services including regional, statewide, and international strategy development.
On April 23, 2019 (Legistar item #19-0610) the Board directed staff to return to the Board with an Agreement with GSEC for FY 2019-20, totaling $62,345. The increase in the agreement was due to the reported 2018 population estimates from the California Department of Finance Demographic Research Unit, which listed unincorporated El Dorado County as having a population of 155,865.
The Agreement renews each subsequent fiscal year unless terminated by...
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