PRESENTER: Presenter
Jeff Jewell, Director of Economic & Community Development
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SUBJECT: Title
Presentation, discussion, and possible action to approve an annual contract with the City of New Braunfels for administrative, professional, and asset management services.
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DEPARTMENT: Economic & Community Development
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. Services rendered are provided by a wide array of City departments that include Economic and Community Development, City Attorney’s Office, Transportation and Capital Improvements, Planning and Development Services, Finance, and the City Manager’s Office.
In FY26, two additional tasks were added to the document’s Scope of Services. These tasks will remain in FY27:
(16) Reviewing annual capacity and evaluating the adjustment of sales tax rebates/contribution to TIRZ, if needed; and
(17) Capital improvement planning, design, and construction management for NBEDC-funded initiatives.
The attached Annual Report documents deliverables and accomplishments for FY26.
As in FY26, the proposed amount for the FY27 contract is $455,386.
If approved, the item will be recommended to the City Council for final approval.
ISSUE:
Renewal of the City’s annual administrative, professional services, and asset management contract
STRATEGIC PLAN REFERENCE:
N/A Economic Mobility N/A Enhanced Connectivity N/A Community Identity
YES Organizational Excellence N/A Community Well-Being
FISCAL IMPACT:
The annual contract for FY27 is in the amount of $455,386. This amount is the same as FY26 and reflects no changes.
Recommendation
RECOMMENDATION:
Staff recommends approval. The item will be recommended to the City Council for final approval.