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 annual administrative, professional, and asset management services contract, not to exceed $455,386, with the City of New Braunfels for FY 2027.
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DEPARTMENT: Economic and Community Development
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COUNCIL DISTRICTS IMPACTED: Citywide
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, 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 all NBEDC-initiated capital projects from initial feasibility, engineering, design and through construction activities and project close-out. 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.
The proposed amount for the FY 2027 contract is $455,386, which represents no increase over the FY 2026 contract.
The NBEDC unanimously approved the FY 2027 contract at its August 13, 2026 meeting. The attached Annual Report documents deliverables and accomplishments for FY 2026.
ISSUE:
Renewal of the City’s annual administrative, professional services, and asset management contract with the NBEDC
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 cost for the annual FY 2027 contract is $455,386. This is the same amount as the FY 2026 contract and reflects no changes.
Recommendation
RECOMMENDATION:
Staff and the NBEDC recommend approval.