Agenda

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County Administrator's Report 12. 1.

BCC Regular Meeting

Discussion

Meeting Date:	01/19/2017
Issue: PEDC Annual Funding
From:	Amy Lovoy
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Pensacola Escambia County Promotion & Development Commission Funding for Fiscal Year 2016/2017 - Amy Lovoy, Assistant County Administrator

That the Board discuss the request from the FloridaWest Chief Executive Officer for both the second quarter funding draw ($137,500) for the Pensacola-Escambia Development Commission (PEDC) and for funding for the remainder of the Fiscal Year ($412,500).

[Funding Source: Fund 102, Economic Development Fund, Cost Center 360704]

BACKGROUND:

On September 20, 2016 the Board agreed to fund PEDC 25% of a total allocation of $550,000. FloridaWest is requesting their second quarterly draw of $137,500 and asking for the Board to approve funding for them through the remainder of the fiscal year. The funding provided to PEDC serves as a pass through to FloridaWest for operating expenses.

BUDGETARY IMPACT:

Funds are available in the Economic Development Fund.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

Chapter 89-481, Laws of Florida requires the fiscal contribution to PEDC be established annually by interlocal agreement between the City of Pensacola and the County. Should the Board decide to increase funding to PEDC an amended interlocal agreement will be prepared and submitted for approval at the next available Board of County Commission meeting.

Attachments
PEDC Funding