TITLE
The Mayor and City Council shall discuss and possibly take action on approving a Public Service Award Agreement between the City of Maricopa and the Maricopa Economic Development Alliance in an amount not to exceed $44,500. Funding for this agreement was approved in FY13-14 from General Fund, Non-Departmental, Program Awards (10010000-53380). Discussion and Action.
AGENDA ITEM DESCRIPTION
The mission of Maricopa Economic Development Agreement (MEDA) is to champion strategies and solutions that foster economic growth and prosperity in the City of Maricopa.
MEDA is Maricopa's private-public partnership for economic development. As a 501(c)3 corporation, the organization champions strategies and solutions that foster economic growth and prosperity in the City of Maricopa by bringing together the business, government, education and civic sectors to identify and advance forward-looking policies that facilitate investment, growth and workforce development. MEDA's board is comprised of executives from Maricopa's major business sectors, representing expertise and experience in utilities, finance, development, health care, government, and infrastructure development.
The funds awarded per this contract are contingent upon a dollar-for-dollar raise of matching funds from the private sector. Under no circumstance is the City obligated to expended funds in excess of $44,500 per the contract.
The services to be performed by MEDA per this contract are detailed in Exhibit A.
This item will be presented by Economic Development Director Micah Miranda.
STAFF RECOMMENDATION
Staff recommends that Council approve the Public Service Award Agreement between the City of Maricopa and the Maricopa Economic Development Alliance in an amount not to exceed $44,500.