Item Coversheet
City of Independence
AGENDA ITEM COVER SHEET
Approved

Agenda Title:

Contract for Economic Development Services by and between the Independence Council for Economic Development and the City of Independence, Missouri in the amount of $170,000.
Executive Summary:

A proposed contract with the Independence Council for Economic Development to assist the City in expanding and diversifying the economic base of Independence through the attraction and retention of business and industry.  The scope of proposed services includes quarterly reports, developing an annual business plan, and pursuit of commercial and industrial development.
Background:

This is an updated contract to the annual contract with the Independence Council for Economic Development to assist the City in expanding and diversifying the economic base of Independence through the attraction and retention of business and industry.


Fiscal Impact:

As part of this contract, the City agrees to compensate the ICED for the services in the amount of at least $170,000.00 annually, payable in quarterly installments coinciding with the City’s fiscal year.  The funds for these payments are divided among the following accounts: 6520-5240, 6530-5240, and 6540-5240.



Department:          City Manager's OfficeContact Person:          Christina Heinen


REVIEWERS:
DepartmentAction
City Managers OfficeApproved
Finance DepartmentApproved
Law DepartmentApproved
City Managers OfficeApproved
City Clerk DepartmentApproved

Council Action:          Council Action:          Accepted

ATTACHMENTS:
DescriptionType
ICED Budget - Exhibit ABackup Material
ICED AgreementContract