PRESENTER: Presenter
Jeff Jewell, Economic and Community Development Director
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SUBJECT: Title
Approval of a recommendation by the New Braunfels Economic Development Corporation (NBEDC) approving an administrative support and professional services contract, not to exceed $455,386, with the City of New Braunfels for FY 2025.
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DEPARTMENT: Economic and Community Development
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COUNCIL DISTRICTS IMPACTED: 1-6
BACKGROUND INFORMATION:
The New Braunfels Economic Development Corporation (NBEDC) maintains an annual contract with the City of New Braunfels for administrative support and professional services in support of the NBEDC’s mission and business. Specifically, the contract requires the City to perform administrative and professional service tasks such as contract development and management, pay applications, company and incentive auditing services, fiscal impact analysis, financial auditing, board-directed and required reporting and record keeping. The contract also requires the city to provide for all legal services and facilities needed by the corporation in the normal course of its business. Additionally, the city manages feasibility, engineering, design and construction activities for all NBEDC-initiated projects. Currently, approximately $11.4 million in approved projects are in some phase of design and construction plan development.
The following modifications are proposed for the FY 2025 contract:
- $25,000 increase: earmarked to address operating and property management costs for NBEDC-owned properties
- $25,000 increase: earmarked for costs associated with additional planning and feasibility studies for future NBEDC-affiliated projects. This will provide some level of pre-approved funding for initiatives not specifically identified but that staff can undertake at the direction of the NBEDC as approved in the services agreement and adopted with the budget.
This $50,000 increase will be recognized as budget line increases to maintenance services and professional services in the Economic and Community Development Department’s FY 2025 Budget. Staff provided an initial presentation on this contract at the July 18, 2024 NBEDC regular meeting. The NBEDC approved the proposed FY 2025 contract unanimously at its August 15, 2024 regular meeting.
ISSUE:
The City is proposing the FY 2025 contract be increased by $50,000 to provide funding for maintenance and property management costs of NBEDC-owned properties, and support planning and feasibility studies for future projects if directed by the NBEDC. The proposed FY 2025 contract with the City of New Braunfels is proposed to be a total amount of $455,386.
STRATEGIC PLAN REFERENCE:
☒Economic Mobility ☐Enhanced Connectivity ☐Community Identity
☐Organizational Excellence ☐Community Well-Being ☐N/A
FISCAL IMPACT:
Up to $455,386; the NBEDC has funding available for this administrative support and professional services contract. The administrative and professional services agreement amount is divided into the following expenditure categories:
|
Item |
Amount |
|
General Fund Contribution (Staff - ECD, Legal, City Management, Finance, IT, TCI, consultant costs, facilities, security, materials, etc.) |
$405,386 |
|
Property Maintenance Costs |
$25,000 |
|
Feasibility/due diligence/other initiatives as directed by NBEDC |
$25,000 |
Recommendation
RECOMMENDATION:
Consider approval of the NBEDC and City of New Braunfels contract for FY 2025.