HomeMy WebLinkAbout75-16 RESOLUTION113 West Mountain
Street Fayetteville,
AR 72701
(479) 575-8323
Resolution: 75-16
File Number: 2016-0137
FAYETTEVILLE CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT
CONSULTING SERVICES:
A RESOLUTION TO APPROVE AN EXTENSION OF UP TO THREE (3) MONTHS TO THE
CONTRACT WITH THE FAYETTEVILLE CHAMBER OF COMMERCE FOR ECONOMIC
DEVELOPMENT CONSULTING SERVICES IN AN AMOUNT NOT TO EXCEED $41,250.00, AND TO
APPROVE A BUDGET ADJUSTMENT
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves an extension of up to
three (3) months to the contract with the Fayetteville Chamber of Commerce for economic development
consulting services in an amount not to exceed $41,250.00.
Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget
adjustment, a copy of which is attached to this Resolution.
PASSED and APPROVED on 4/5/2016
Page 1
416116
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Attest: .'�,� NSP .•``.:
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Sondra E. Smith, City Clerk
Treasurer
Printed on
City of Fayetteville, Arkansas 113 West Mountain Street
- Fayetteville, AR 72701
(479) 575-8323
Text File
File Number: 2016-0137
Agenda Date: 4/5/2016 Version: 1 Status: Passed
In Control: City Council Meeting File Type: Resolution
Agenda Number: A. 8
FAYETTEVILLE CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT
CONSULTING SERVICES:
A RESOLUTION TO APPROVE AN EXTENSION OF UP TO THREE (3) MONTHS TO THE
CONTRACT WITH THE FAYETTEVILLE CHAMBER OF COMMERCE FOR ECONOMIC
DEVELOPMENT CONSULTING SERVICES IN AN AMOUNT NOT TO EXCEED $41,250.00,
AND TO APPROVE A BUDGET ADJUSTMENT
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves an extension of
up to three (3) months to the contract with the Fayetteville Chamber of Commerce for economic
development consulting services in an amount not to exceed $41,250.00.
Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget
adjustment, a copy of which is attached to this Resolution.
City of Fayetteville, Arkansas Page 1 Printed on 4/6/2016
City of Fayetteville Staff Review Form
2016-0137
Legistar File ID
4/5/2016
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
/
Jeremy Pate 3/14/2016 Development Services
Development Services Department
Submitted By Submitted Date Division / Department
Action Recommendation:
A resolution to approve a contract extension with the Fayetteville Chamber of Commerce for Economic
Development Services for a period of up to three months, to allow for the City to complete an update to the
Economic Development Strategic Plan, and approval of a budget adjustment.
Original Contract Number:
Comments:
Approval Date:
Budget Impact:
1010.6600.5315.00
General Fund
Account Number
Fund
59027-901
Contract Services
Project Number
Project Title
Budgeted Item? No
Current Budget
$
-
Funds Obligated
$
Current Balance
Does item have a cost? Yes
Item Cost
$
41,250.00
Budget Adjustment Attached? Yes
Budget Adjustment
$
41,250.00
Remaining Budget
V20140710
Previous Ordinance or Resolution # 5620
Original Contract Number:
Comments:
Approval Date:
CITY OF
r
�evt1e
ARKANSAS
MEETING OF APRIL 05, 2016
TO: Mayor Lioneld Jordan
Fayetteville City Council
THRU: Don Marr, Chief of Staff
CITY COUNCIL AGENDA MEMO
FROM: Jeremy Pate, Development Services Director)
DATE: March 11, 2016
SUBJECT: Economic Development Contract for Services - Extension
RECOMMENDATION:
Staff recommends up to a three-month contract extension with the Fayetteville Chamber of
Commerce for economic development consulting services, in order for the City to complete an
update to our Economic Development Strategic Plan and not have a gap in services.
BACKGROUND:
The Fayetteville Chamber of Commerce was selected by the City Council through a competitive
bidding process in 2009 to perform economic development consulting services. The City defined
specific focus areas, work tasks and deliverables for the Chamber to achieve as part of the
contract. In 2013, due to the success of the services provided, the City Council chose to waive
the competitive bidding process and again approve a contract with the Chamber of Commerce,
under virtually the same terms. In response to more recent input from the City Council and the
mayor, the City chose to contract with Boyette Strategic Advisors in November of last year to
update the City's Economic Development Strategic Plan. In doing so, the City Council also
extended the contract with the Chamber of Commerce for a period of six months, ending March
31, 2016.
DISCUSSION:
The Strategic Planning process conducted by Boyette Strategic Advisors is well under way, and
we have been very pleased with the input received thus far. In addition to interviewing each of the
City's elected Council members and mayor, BSA conducted online surveys, getting responses
from 1022 residents, 331 businesses and 110 entrepreneurial and innovation entities. Close to
100 stakeholders were engaged in group or one-on-one meetings to gain input from various
interests in our community. Boyette has drafted a Comparative Analysis of Fayetteville to select
other cities in our state, as well as a draft Benchmark Research report, comparing five other cities
in the nation with similar growth rates and other unique similarities. We currently expect a draft
report in early April, with plans for a presentation of a final report to the City Council in May.
Extending the contract up to three months would allow for the City to concentrate its efforts in
completing the strategic plan update while the Chamber can continue to provide its contracted
services without a gap in information. It is currently the intent for the City to competitively bid
economic development consulting services once the strategic plan update has been adopted.
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
BUDGET/STAFF IMPACT:
Under the same terms as the current contract, an extension for up to a six-month period has a
$41,250 budget impact, should services be provided for all three months. Should the City be
ready to end the current contract before that time, there is a 30 -day notification period that
allows the City or Chamber to terminate the contract. Staff proposes a budget adjustment in this
amount to be taken from the use of Designated Fund Balance.
Attachments:
Proposed Contract and Attachments
Budget Adjustment
CONTRACT FOR
ECONOMIC DEVELOPMENT CONSULTING SERVICES
BETWEEN
THE CITY OF FAYETTEVILLE, ARKSNSAS
AND
THE FAYETTEVILLE CHAMBER OF COMMERCE
WHEREAS, the City of Fayetteville, Arkansas wishes to contract for Economic Development
Consulting Services, and;
WHEREAS, the Fayetteville, Arkansas Chamber of Commerce wishes to provide Economic
Development Consulting Services to the City of Fayetteville, Arkansas, and;
WHEREAS, the Fayetteville, Arkansas Chamber of Commerce was initially selected to perform
Economic Development Consulting Services for the City of Fayetteville utilizing the competitive
Request for Proposal selection process in 2009 (via RFP 09-14, Economic Development
Consulting Services), and;
WHEREAS, the City Council of Fayetteville, Arkansas has waived competitive bidding and
approved a contract for Economic Development Consulting Services with the Fayetteville,
Arkansas Chamber of Commerce, and;
WHEREAS, the City of Fayetteville, Arkansas wishes to extend the same contract for consulting
services for a period of up to three (3) months while performing an update to the City's
Economic Development Strategic Plan,
NOW THEREFORE:
In consideration of the mutual promises contained in this Agreement and other good and
valuable consideration,
1. Agreement is made this . day of Y) , 2016 by and between the City of
Fayetteville, Arkansas located at 113 W. Mountain, Fayetteville, Arkansas 72701 and the
Fayetteville, Arkansas Chamber of Commerce located at 21 West Mountain Street, Suite
300, Fayetteville, Arkansas 72701. Term: This Agreement shall be for a term of up to
three (3) months ending June 30, 2016. This contract may be canceled by either party
within thirty days written notice.
2. Renewals: This agreement may be renewed for one additional term of three (3) months
with mutual agreement of the parties.
Economic Development Consulting Services Contract
Page 1 of 7
3. Appendix & Attachments: The Contract documents which comprise the contract
between the City of Fayetteville and the Fayetteville Chamber of Commerce consist of
this Contract and the following documents attached hereto, and made a part hereof:
a.) Appendix A - Schedule Detail for Deliverables and Performance Measures
* The City of Fayetteville shall coordinate with the Fayetteville Chamber of Commerce for
modifications to this schedule. Any modifications shall be agreed upon by both the City and
Fayetteville Chamber of Commerce; however, any changes affecting price shall have prior
approval by the Fayetteville City Council. In the event Appendix A is revised and price is not
modified, such revised document shall be provided to the City Council at the next regularly
scheduled quarterly update.
4. Services to be Provided: During the terms of this Agreement, the
Fayetteville Chamber of Commerce Shall:
• Serve as the first point of contact for economic development services and maintain
good relations with the Arkansas Economic Development Commission and other
economic development partners locally, nationally and internationally;
• Ensure that the City of Fayetteville is competitive locally, nationally and
internationally in attracting prospective companies;
• Maintain and manage social media presence for the City of Fayetteville Economic
Development activities. Produce materials that market Fayetteville including tools
(but not limited to) an Economic Development website that caters to existing and
prospective businesses and information packets for targeted industries, Facebook
and other pertinent social sites.;
• Continue to work on the four (4) pillars of economic development — business
attraction, business retention & expansion local entrepreneurship development and
infrastructure including workforce development; ;
• Monitor and report matrices such as the number of new jobs created, jobs lost, new
businesses created, businesses lost (each with dates), workforce skills inventory,
new inquiry details, and any other pertinent reports relating to the economic
development services requirements.
• Provide a diversity of opportunity in business types, job wages, & skill sets with a
focus on jobs with living wages;
• Provide all deliverables and performance measures outlined in Attached scope of
work
5. Fees and Expenses: The City of Fayetteville agrees the consulting fee shall be paid
upon invoice as follows:
Consultation Services shall be invoiced for each quarter in the amount of $41,250 per
quarter. Total fees for consultation services shall not exceed $41,250, from date of
contract. The Fayetteville Chamber of Commerce shall track, log and report hours and
expenses directly related to this Agreement along with invoice for payment for each
quarter. Invoices shall be itemized.
Economic Development Consulting Services Contract
Page 2 of 7
6. Notices: Any notice required to be given under this Agreement to either party to the
other shall be sufficient if addressed and mailed, certified mail, postage paid, delivery,
fax (receipt confirmed), or overnight courier.
7. Applicable Law: This Agreement shall be governed by and construed in accord with the
laws of the State of Arkansas.
8. Entire Agreement: This Agreement sets forth the entire agreement and
understanding between the parties on the subject matter of this Agreement. Neither
party shall be bound by any conditions, definitions, representations or warranties with
respect to the subject matter of this Agreement other than those as expressly provided
herein.
9. Amendments and Waivers: Changes, modifications, or amendments in scope, price or
fees to this contract shall not be allowed without a prior formal contract amendment
approved by the Mayor and the City Council in advance of the change in scope, cost or
fees. No modification of this Agreement shall be binding unless made in writing and
executed by both parties. No waiver by either party or any breach or obligation of the
other party under this Agreement shall constitute a waiver of any other prior or
subsequent breach or obligation.
10. Performance Measures: The Fayetteville Chamber of Commerce shall provide the
following deliverables. Performance measures are included (with examples) for each
item and will be used to evaluate the work performed throughout the entire term of the
contract.
One: Economic Development Infrastructure
The City wants to develop appropriate infrastructure necessary to foster economic
development opportunities for the City of Fayetteville. The Arkansas Economic Development
Commission has suggested that Fayetteville work to have more spade ready building sites
available for responses to new facility inquires. The Economic Development team will work to
identify future development sites, and work to complete necessary task so that sites are more
"ready" for immediate business opportunity availability.
Performance measures:
• Positive relationship with AEDC & Appropriate communicated vision for Fayetteville.
• Marketing Materials Directed Toward Target Industries, and Social Media Sites, Website,
etc.
• Work with the City and Community on creating an Economic Development Fund without
raising new taxes.
• Real Estate Development — prepare sites & buildings ready for development.
• Establish market Statistics & Demographics
Economic Development Consulting Services Contract
Page 3 of 7
• Develop State & Regional partnerships by working with the state AEDC & regional
economic development council.
• Support City's development of Quality of Life Programs
• Work with existing employers to develop workforce; attract quality employees to the City
• Conduct Economic Development training to ensure that the economic development team
is knowledgeable and professional by attending at least 1 economic development related
conferences & training classes during the contract period. Maintain updated
information, highlights, available site locations, and any possible incentives, containing
highlights on why companies should locate in Fayetteville, and maintain the State of
Arkansas Site Availability listings.
Two: Business Retention and Expansion
The City wants to ensure existing businesses thrive and remain or expand in Fayetteville. The
Fayetteville Chamber of Commerce shall solicit continual feedback from the more than 3000
existing businesses to determine how they can best be served and how programs can be
developed to leverage their assets and the assets of other similar businesses and the assets of
the City of Fayetteville. The Chamber of Commerce shall develop concepts which promote
existing business. For example, businesses located on the Fayetteville Square and in the
Downtown are sponsoring a First Thursday event with extended store hours and additional
attractions.
Performance measure:
• Development of business community data
o Retention rate for existing businesses
o Existing employee headcount
o Other data as requested by and coordinated with the City
• Provide technical assistance to existing businesses to assist them to retain jobs and/or
expand.
• Continued Support of Local Purchase programs (like "Find it in Fayetteville")
• Bring or organize appropriate seminars and training to Fayetteville, AR, or within NWA
Training Opportunities offered within the Region that would benefit Fayetteville Specific
Companies.
• Develop business opportunities
o Through GreeNWAy initiatives, Programs, promotion of international trade, and
development of trade directories.
• Analysis of existing businesses by utilizing Business Registry Data to evaluate growth,
decline, establishment, or closure of existing businesses within the City of Fayetteville.
• Develop or recommend training & education opportunities to start up businesses.
• Provide resources to entrepreneurs as requested.
Three: Business Attraction
The Fayetteville Chamber of Commerce shall take steps necessary to ensure that Fayetteville
competes at local, state, national and international levels for prospective businesses. ARTP
Economic Development Consulting Services Contract
Page 4 of 7
incubates companies that are developing new technologies and products. As these companies
scale up and consider permanent locations, the Chamber of Commerce shall coordinate
programs, procedures, policies and promotional materials that make the City an attractive and
competitive option. In addition, the Chamber of Commerce shall actively promote the City of
Fayetteville at the state, national and international levels, particularly to companies in the clean
tech, healthcare, hospitality and tourism and nonprofit sectors. The Economic Development
website will have, as a minimum, a graphically engaging design, relevant demographic
information, a comprehensive list of awards and distinctions received by the City, identification
of publicly -owned, shovel -ready sites, incentive packages and materials for targeted industries,
and opportunities and support services for existing businesses.
Performance measure:
• Develop Site Selector Visits to the City of Fayetteville, AR
• Evaluate, and recommend trade shows to attend and meet perspective companies.
Attendance will utilize Senior Administration Staff and Elected Officials. Identify up to
two trade shows or similar events to attend and coordinate attendance.
• Number of home grown businesses locating in Fayetteville
• New businesses in Fayetteville
• Employee headcount attributed to new businesses
• Assistance in the coordination and development of a regional economic development
council
• Listing of contacts or potential businesses obtained through serving as the lead contact
• Implementation of business registry
• Active website, updated content, and easy -to -find content as provided by other cities
• Number of monthly unique visitor hits on the website
• Maintain & review community profile with AEDC
Four: Strengthened Relationship with the Arkansas Economic Development Commission
(AEDC) and Regional Economic Development Organizations
These organizations are assets to the City's economic development efforts. They can provide
free marketing for the City and expand our contact base and opportunities. Fostering
relationships with these organizations will provide a competitive advantage at the state and
regional level and ensure that the City receives feedback from prospective companies about
what Fayetteville can do to provide an attractive business package. The Fayetteville Chamber
of Commerce shall serve as the primary point of contact for the City of Fayetteville for
economic development related purposes.
Performance measure:
• Regular meetings with AEDC staff and commissioners, ARTP staff and other relevant
organizations
• Documented efforts and participation in regional partnership
• Positive relationship with AEDC and appropriate communicated vision for Fayetteville
• AEDC understanding of firm's primary contact responsibility
Economic Development Consulting Services Contract
Page 5 of 7
Five: Market Statistics and Demographics
The City of Fayetteville is interested in receving up to date market statistics and demographics
for existing businesses and labor shed and market data for businesses interested in locating in
Fayetteville AR.
Performance measure:
• Utilize and provide updated market, trend, and demographic analysis through current
studies.
Six: Reports and Presentations to the Mayor and City Council
The Fayetteville Chamber of Commerce shall provide a written report and prepare a brief
presentation for the Mayor and City Council on a quarterly basis. Reports and presentations
should outline the tasks accomplished and include statistics for each performance measure
outlined herein.
Performance measure:
• Written report and presentation on a quarterly basis to Mayor and City Council
• Timely updates to Mayor and City Council on potential and ongoing projects as
necessary
The City recognizes that the overall economy will affect some of the performance measures and
success will be outside the control of the Fayetteville Chamber of Commerce. The City also
recognizes that some of the needed statistics are not currently collected in a systematic way.
However, the City expects the Fayetteville Chamber of Commerce to show evidence of
experience in conducting comparative market and trend analyses and due diligence in amassing
the detailed information necessary to support the Economic Development effort.
11. Contract Administration
The Mayor or his/her Designated Representative shall be the Contract Administrator for this
contract. The Fayetteville Chamber of Commerce President and CEO or his/her Designated
Representative shall be the primary contact for all matters pertaining to this contract. While it is
understood that many facts pertaining to projects must be held in the strictest confidence, the
Fayetteville Chamber of Commerce President and CEO will insure that the Mayor is kept abreast
of details and progress made pertaining to Economic Development prospects considering
development in Fayetteville to the greatest extent possible.
12. Freedom of Information Act
City contracts and documents prepared while performing city contractual work are subject to
the Arkansas Freedom of Information Act. If a Freedom of Information Act request is presented
to the City of Fayetteville, the Fayetteville Chamber of Commerce will do everything possible to
provide the documents in a prompt and timely manner as prescribed in the Arkansas Freedom
Economic Development Consulting Services Contract
Page 6 of 7
of Information Act (A.C.A. §25-19-101 et. seq.). Only legally authorized photocopying costs
pursuant to the FOIA may be assessed for this compliance.
IN WITNESS WHEREOF, the parties have executed this Agreement.
Fayetteville Ch r4,ber of C mmerce
By: u
J
Witness:
T
Attest:
:qen Clark,"President and CEO
1Ii_ &Z -
Sondra E. Smith, City Clerk/, surer,,
FAYETTEVILLE:
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Economic Development Consulting Services Contract
Page 7 of 7
Date: 3IS�
Date: 3/1
t.
Date:
Date:
City of Fayetteville, Arkansas & Fayetteville Chamber of Commerce
Appendix A - Schedule Detail for Deliverables and Performance Measures
Scope of Work
SECTION 1: Deadline Identification Schedule
Quarter I Dates per Quarter Deadline for Quarter Update Deadline to Admin Update Deadline to City Council
Qtr 1 .October 2013 - December 2013 Monday, January 13, 2014 Wednesday prior to January Agenda Session City Council meeting in February, 2014
Qtr 2 January 2014 - March 2014 Monday, April 14, 2014 Wednesday prior to April Agenda Session City Council meeting in May, 2014
Qtr 3
April 2014 - June 2014
Monday, July 14, 2014
Wednesday prior to July Agenda Session
City Council meeting in August, 2014
Qtr 4
July 2014- September 2014
Monday, October 13, 2014
Wednesday prior to October Agenda Session
City Council meeting in November, 2014
Qtr 5
October 2014- December 2014
Monday, January 12, 2015
Wednesday prior to JanuaryAgenda Session
City Council meeting in February, 2015
Qtr 6
January 2015 - March 2015
Monday, April 13, 2015
Wednesday prior to April Agenda Session
City Council meeting in May, 2015
Qtr 7
April 2015 -June 2015
Monday, July 13, 2015
Wednesday prior to July Agenda Session
City Council meeting in August, 2015
Qtr 8
July 2015 - September 2015
Monday, October 12, 2015
Wednesday prior to OctoberAgenda Session
City Council meeting in November, 2015
Qtr 9
October 2015 - December 2015
Monday, January 11, 2016
Wednesday prior to JanuaryAgenda Session
City Council meeting in February, 2016
Qtr 10
January 2016 - March 2016
Monday, April 11, 2016
Wednesday prior to April Agenda Session
(City Council meeting in May, 2016
Qtr 11
April 2016 -June 2016
Monday, June 13, 2016
Wednesday prior to July Agenda Session
City Council meeting in August, 2016
SECTION II: Details of Deliverables and Performance Measures
Category
Category Description
Performance Measure
Deadline (Quarter)
j Notes
1
Business Attraction
A
Promote Fayetteville to Site
Selection Consultants,
Intermediary Agencies, and
Direct Clients
Quarters 1- 10
Both inbound and outbound visits
B Operate and manage social
media tools such as
Economic Development
webpages, Facebook, etc.
to keep businesses and
social community informed
and updated
Quarters 1 - 10
I
Provide quarterly statistics
C
C
Operate and manage an
Quarters 1 - 10
Evaluate trade shows/conferences/sister
international trade and
city; 2 inbound/outbound visits which
investment program
could include city staff and elected
officials; Target sectors:
Education/Research & Dev, Healthcare,
1
�
Manufacturing, Hi Tech/Sustainability
D
Be the Point -Of -Contact for
Quarters 1- 10
Respond to inquiries, Request -For -
economic development
Proposals (RFPs) and Request -For -
purposes
Information (RFIs)
E
Develop, Assist and Support
Quarters 1- 10
Develop and implement programs to
home grown businesses
support this activity
F
Support and Assist New
Quarters 1- 10
Logistics
Businesses Coming to
Fayetteville
G
Employee headcount
Quarters 1- 10
attributed to new
businesses
2
Business Retention
A
Development of business
Quarters 1 - 10
Include information and statistics on
& Expansion
community data, retention
businesses closed and/or jobs lost from
rate for existing businesses,
the community; analysis of existing
existing employee
businesses utilizing the Business License
headcount
data
B
Provide technical assistance
Quarters 1 - 10
Include finding incentives and resources
to existing businesses to
assist them to retain jobs
and/or to expand
C
Support "Find It in
(Quarters 1- 10
Fayetteville" campaign
!I
D
Bring or organize
Quarters 1-10
appropriate seminars and
training to Fayetteville or
NWA
E
Develop business
Quarters 1- 10
Through GreeNWAy Initiative Program and
opportunities for existing
promotion of local, national and
businesses
international trade
3
Development of A
Provide technical assistance
Quarters 1- 10
How to start a business in Fayetteville, etc.
Local Entrepreneurs
to perspective
entrepreneurs
B
Develop or recommend
Quarters 1 - 10
training and education
opportunities to start up
businesses
C
Provide resources to
Quarters 1 - 10
entrepreneurs as
requested.
4
Infrastructure
A
Managed Relationships and
Quarters 1- 10
Regular interactions and communications
wherever possible, partner
'with
AEDC and other relevant
with the AEDC and Relevant
organizations; partner on projects together
Partners
B
Development of an
Quarters 1- 10 or till Fund is created
Work with City and Community and
Economic Development
without raising taxes
Fund for the City of
i
Fayetteville
C
Work on attracting/creating
Quarters 1-10
Both business attraction and
jobs with a focus on jobs
entrepreneurship start-ups
with living wages
D
Monitor and manage
Report findings, make recommendations
internal and external
and so on to the City leadership
environments to be sure
that City is competitive in
developing, attracting and
retaining businesses
E
Support and Assist
Quarters 1 -10
Include establishing statistics and
Development of the NWA
demographics
Region for economic
development purposes
F
Development of marketing
Quarters 1- 10
Manage real estate inventory, maintain
materials for economic
Arkansas Site Selection, print, social media
development purposes
'and
media
G Workforce Development
Quarters 1- 10
Work with existing employers to develop
existing workforce; attract quality
employees through quality of place
programs
H
Economic Development
Quarters 1- 10
Team to attend at least 2 economic
Training
development related conferences and
training classes a year.
5
Reports and A
Provide written reports and
Every quarter
Presentations
prepare a brief presentation
to the Mayor and City
Council
The Fayetteville Chamber of Commerce shall provide a written report and prepare a brief presentation for the Mayor and City Council on a quarterly basis.
Reports and presentations should outline the tasks accomplished and include statistics for each performance measure outlined herein.
Performance measures include:
* Written report and presentation on a quarterly basis to Mayor and City Council
*Timely updates to Mayor and City Council on potential and ongoing projects as necessary
The City recognizes that national and international economies could affect some of the performance measures and success and that they are outside
the control of the Fayetteville Commerce. The City also recognizes that some of the needed statistics are not currently collected in a systematic way.
The City expects the Fayetteville Chamber of Commerce to show evidence of experience in conducting comparative market and trend analyses and
due diligence in amassing the detailed information necessary to support the Economic Development effort.
City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar)
Account Number
1010.6600.5315.00
1010.0001.4999.99
Budget Year Division: Development Services Adjustment Number
201 6 Dept.: Development Services
Requestor: Jeremy Pate
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION:
$41,250 is requested in the Economic Development Services account. These funds will be used for a maximum three-
month contract renewal with the Fayetteville Chamber of Commerce. The funds are being taken from the Use of Fund
Balance.
COUNCIL DATE: 4/5/201 6
LEGISTAR FILE ID#: 2016-0137
B CWL-Cwa/ TU
3/18/2016 8:58 AM
Budget Director Date
TYPE:
DESCRIPTION:
GLDATE:
RESOLUTION/ORDINANCE
POSTED:
TOTAL 41,250 41,250 v.20160125
Increase / (Decrease) Project.Sub#
'roject Sub
59027 901
Expense
41,250
Revenue
41,250
AT Account Name
EX Contract Services
RE Use of Fund Balance
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