Agenda

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City Council Regular Meeting

Meeting Date:

09/13/2022

BACKGROUND

Resolution 22-R-84 approves an Agreement for Provisions of Professional Services between the City of Schertz and the City of Schertz Economic Development Corporation (“Service Agreement”). The Service Agreement outlines 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. The agreement also includes a requirement for the City Manager and/or his designee to represent the SEDC at the area chamber of commerce.

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, a total of $542,221.00 will be transferred from the SEDC to the City of Schertz. The payments will be made in two equal payments on October 1, 2022, and April 1, 2023.

SUMMARY OF RECOMMENDED ACTION
The SEDC Board unanimously recommended this agreement for approval by City Council during their July 28, 2022 meeting. Staff recommends approval of CC Resolution No. 22-R-84.

Attachments
Resolution No. 22-R-84
SEDC Prof Services Agreement