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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: <br /> <br />5/14/07 <br /> <br />Aoorooriation <br /> <br />Requested By" John Joerns <br /> <br />Source of Funds: 038 LPEDC Fund <br /> <br />Department" City Council <br /> <br />Account Number: 038-6030-565-1010 <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: X <br /> <br />Amount Budgeted: $0 <br /> <br />Reimbursement Agreement w/LPEDC <br /> <br />Amount Requested: <br /> <br />$3,00Q <br /> <br />Exhibits: <br /> <br />Exhibits: <br /> <br />Budgeted Item: YES NO X <br /> <br />Exhibits <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Attached is the final draft of the Reimbursement Services Agreement and enabling <br />ordinance between the La Porte Economic Development Corporation (LPEDC) and the <br />City for services related to staff support of their Board. <br /> <br />The agreement was approved by the LPEDC at their May 7,2007 meeting. Staff <br />informed the Board that costs for staff services was estimated at approximately $3,000 <br />per year which, unless otherwise agreed to in writing, will be invoiced once a year by <br />the Finance Director. <br /> <br />Staff recommends approval of the enabling Ordinance and the Reimbursement <br />Services Agreement. <br /> <br />Action Reauired bv Council: <br /> <br />Approve the enabling Ordinance and the attached Reimbursement Services Agreement <br />between the City and the La Porte Economic Development Corporation for necessary <br />staff services. <br /> <br /> <br />%),s-j;7 <br />Date { <br />