Title
RESOLUTION NO. 25R-03-76: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE ALLOCATION OF $25,000.00 TO THE LAUDERHILL CHAMBER OF COMMERCE, INC., FOR ECONOMIC DEVELOPMENT AND BUSINESS RETENTION SERVICES; PROVIDING FOR TERMS AND CONDITIONS; PROVIDING FOR COMPENSATION IN THE TOTAL AMOUNT OF $25,000.00 FOR THIS FISCAL YEAR FROM THE APPROPRIATE BUDGET CODE NUMBER; AND PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY INTERIM CITY MANAGER KENNIE HOBBS, JR.).
Body
Request Action:
Approve the Agreement between the City of Lauderhill and the Lauderhill Chamber of Commerce, Inc. for economic development and business retention services.
Need Summary Explanation/ Background:
To approve the Agreement with the Chamber of Commerce. Providing that the City will allow certified financial statements. The City will allow you to use these funds for staffing.
The total amount provided will be $25,000 for FY 2025. $12,500 will be paid once the City Commission approve the agreement and the Chamber provides all necessary supporting documentation. The balance of the remaining $12,500 will be paid on July 1, 2025 if all the conditions in Section 3 have been met by June 30, 2025 and once the necessary supporting documentation is provided.
Cost Summary/ Fiscal Impact:
A total of $25,000.00
Attachments:
Lauderhill Chamber of Commerce Agreement
Budget Code Number(s): 001-101-8117
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] Piggyback Contract [ ] Federal Grant Funds
[ ] Sole Source [ ] Matching Required