Title
Review of Economic Development Opportunity Funding (F&BC 2-11-19)
Body
Issue/Request:
At the request of Chairman Johnson, information regarding Economic Development Opportunity Funding is being provided.
Key Issues:
An amount of $100,000 has been budgeted as a part of the Development Services Budget for the purpose of supporting Economic Development Opportunities. The funds have been used to perform market analysis, legal expenses incurred by the City, and to assist with marketing and promotion of Economic Development opportunities located within the City.
Currently, $51,200 has been spent or encumbered. $48,800 is currently unallocated.
Staff will be available to answer any questions or provide any additional informaiton.
Presenter
Ryan Elam, Director of Development Services