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Chief Administrative Office, Economic Development Division, recommending the Board:
1) Approve the renewal of Agreement 076-S1711 with the Greater Sacramento Area Economic Council in the amount of $60,187, for Fiscal Year 2017/18, for El Dorado County’s participation in the organization as a voting member, and for the provision of economic development related services including regional, statewide, and international strategy development, assistance with retention and expansion of existing businesses within the County, and research on key retention and expansion projects; and
2) Delegate authority to the Chief Administrative Officer to approve future annual renewals provided the annual renewal rate of $0.40/per capita does not increase.
FUNDING: Transient Occupancy Tax Funds. (General Fund)
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DEPARTMENT RECOMMENDATION
Chief Administrative Office, Economic Development Division, recommending the Board:
1) Approve the renewal of Agreement 076-S1711 with the Greater Sacramento Area Economic Council in the amount of $60,187, for Fiscal Year 2017-18, for El Dorado County’s participation in the organization as a voting member, and for the provision of economic development related services including regional, statewide, and international strategy development, assistance with retention and expansion of existing businesses within the County, and research on key retention and expansion projects; and
2) Delegate authority to the Chief Administrative Officer to approve future annual renewals provided the annual renewal rate of $0.40/per capita does not increase.
DISCUSSION / BACKGROUND
On August 2, 2016 the Board of Supervisors approved Agreement 076-S1711 with the Greater Sacramento Area Economic Council (GSAEC or “Greater Sacramento”) with an initial term effective upon execution, continuing through June 30, 2017. The Agreement renews each subsequent fiscal year unless terminated by either party. Compensation under the agreement is based on $0.40 per capit...
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