Title
Presentation: Lee's Summit Economic Development Council (Status report and request for extension of Letter Agreement)
Body
Issue/Request:
Lee's Summit Economic Development Council - status report and request for extension of Letter Agreement
Key Issues:
In May of 2024, the Lee's Summit Economic Development Council (LSEDC) and the City of Lee's Summit entered into a Letter Agreement to outline action steps along with a timeline to "assist in renewing the Parties' working relationship and in developing a strong foundation toward a highly effective economic development organization." Since entering into the Letter Agreement the LSEDC has completed certain aspects of the action items and will be providing a summary of those actions, as well as requesting an extension of the timeline to complete Phase 2 action items in accordance with the Letter Agreement. The extension request is for a 60-day time period from October 15, 2024 to December 15, 2024.
A copy of the presentation, Letter Agreement, and request for extension have been included as attachments to this packet.
Proposed City Council Motion:
If in favor of extending the deadline: I move to extend the deadline of the Letter Agreement dated April 23, 2024 between the LSEDC and the City of Lee's Summit for Phase 2 action items from October 15, 2024 to December 15, 2024.
Presenter
Michael VanBuskirk, LSEDC Chairman of the Board