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County Administrator's Report
BCC Regular Meeting
Budget & Finance Consent
Approval of Interlocal Agreement between Escambia County and the City of Pensacola
Asst County Administrator
Recommendation Concerning the Interlocal Agreement between Escambia County and the City of Pensacola - Amy Lovoy, Assistant County Administrator
That the Board take the following action regarding the Interlocal Agreement between Escambia County and the City of Pensacola:
A. Approve the Interlocal Agreement between Escambia County and the City of Pensacola Relating to the Fiscal Year 2016-2017 Funding of Pensacola-Escambia County Promotion and Development Commission (PEDC), the first quarterly draw in the amount of $137,500, to be paid from the Economic Development Fund (102), Cost Center 360704, for a one-year period, from October 1, 2016, through September 30, 2017;
B. Authorize the Chairman to execute the Interlocal Agreement; and
C. Authorize approval of the necessary Purchase Order.
Chapter 89-481, Laws of Florida, requires that the fiscal contribution of the City and County be established yearly by Interlocal Agreement. The City and County agree that the County shall contribute $137,500 and the City shall contribute $150,000 to the PEDC for Fiscal Year 2016/2017.
The PEDC has a Tentative Fiscal Year 2016/2017 allocation of $550,000, however based upon Board direction on 9-20-2016, the first quarterly draw will be provided during October 2016, and amending this Interlocal Agreement after certain metrics are provided and approved by the Board at a later date during FY2016/17.
Funds are available in the Fiscal Year 2016/2017 Budget.
The County Attorney has reviewed and approved the Interlocal Agreement.
POLICY/REQUIREMENT FOR BOARD ACTION:
Board approval of this Interlocal Agreement is necessary.
PEDC Interlocal Agreement
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