Agenda

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City Council Regular Meeting

Meeting Date:

09/10/2019

BACKGROUND

The City of Schertz Economic Development Corporation (the “SEDC”) is a separate entity from the City of Schertz. The SEDC contracts through the Agreement for Provisions of Professional Services (the “Professional Services Agreement”) the specific services that the City of Schertz will provide to the SEDC. Services include: personnel, financial reporting, budgeting, office space, fleet services, IT services, etc. The Service Agreement also enables the SEDC to receive several services at a discounted rate through the City, these include rates for software, financial services, auditing services, etc.

Notable changes for the FY 2019-20 agreement include an additional requirement for the City Manager and/or his designee to represent the SEDC at the area chamber of commerce and the elimination of “administrative support, review and oversight by ….. City Secretary, and Executive Director and appropriate staffing”.

COMMUNITY BENEFIT
Approval of the resolution enables the City of Schertz and SEDC to work together by sharing staff and services which helps improve operational efficiency and reduce costs.

FISCAL IMPACT
Under the agreement, $461,363 will be transferred from the SEDC to the City of Schertz. The payments will be made in two equal payments on October 1, 2019 and April 1, 2020.

SUMMARY OF RECOMMENDED ACTION
The SEDC Board of Directors met on May 23, 2019 at their regular board meeting to consider, discuss and act on authorizing the Agreement For Provisions of Professional Services Between The City of Schertz and the City of Schertz Economic Development Corporation; and recommend approval by the City Council for the expenditures provided for in the Agreement in the amount of $461,363 for the 2019-20 fiscal year. A motion was made by Mr. Richard. Seconded by Ms. Morrill. Motion passed unanimously.

ATTACHMENT(S)
Resolution 19-R-121
Agreement for Provisions of Professional Services Between the City of Schertz and the City of Schertz Economic Development Corporation

Attachments
Res 19-R-121 SEDC-CoS Prof Serv Agreement 2020-19
SEDC-CoS Prof Services Agreement 2019-20