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HomeMy WebLinkAbout97-48 Resolution No. 97-48 RESOLUTION AUTHORIZING EXECUTION OF A SERVICE AGREEMENT WITH THE ELGIN AREA CHAMBER OF COMMERCE FOR FUNDING OF MARKETING INITIATIVES BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that Kevin Kelly, Mayor, and Dolonna Mecum, City Clerk, be and are hereby authorized and directed to execute a Service Agreement on behalf of the City of Elgin with the Elgin Area Chamber of Commerce for funding in the amount of $40, 000 for marketing initiatives, a copy of which is attached hereto and made a part hereof by reference. s/ Kevin Kelly Kevin Kelly, Mayor Presented: February 26, 1997 Adopted: February 26 , 1997 Omnibus Vote : Yeas 6 Nays 0 Attest: s/ Dolonna Mecum Dolonna Mecum, City Clerk SERVICE AGREEMENT THIS AGREEMENT is made and entered into on this ay of ee , , 1997, by and between the ELGIN AREA CHAMBER OF COMMERCE, a not-for-profit organization, (hereinafter referred to as the "Chamber") and the CITY OF ELGIN, Illinois, a municipal corporation, (hereinafter referred to as the "CITY") WHEREAS, The City of Elgin, Illinois has determined it to serve a beneficial public purpose to foster economic growth within the community through the expansion and redevelopment of existing business and industry; and WHEREAS, The City of Elgin, Illinois has further determined it to serve a beneficial public purpose to foster economic growth through the attraction of new business and industry; and WHEREAS, The Chamber has developed marketing initiative to promote Elgin as a desirable location for businesses to build and expand; and NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree to fund the following marketing initiative in total amount not to exceed $40,000: 1. Development of a business recruitment video. Payment for this project shall be made in amount of$5,000 upon execution of this agreement with the remainder due upon project completion. 2. Update of the "Building Your Business" demographic profile and related marketing material. Payment shall be made upon completion of the project unless otherwise mutually agreed upon by the parties. 3. Development of an interne site and geographical information system designed to provide businesses with digitally formatted information regarding development sites, maps and community demographics. Payment shall be made upon completion of the project unless otherwise mutually agreed upon by the parties. IN WITNESS WHEREOF, the parties hereto have executed this agreement on the date and year written above. CITY OF ELGIN, a municipal corporation By Kevin Kelly Mayor ti Attest: City Clerk ELGIN AREA CHAMBER OF COMMERCE, a not-for-profit corporation BY 6Lfith 7 Don Rinehart President • `0 OF E�Ci City of Elgin Agenda Item No. -kAT L U 0'6 February 5, 1997 TO: Mayor and Members of City Council FROM: Robert O. Malm, Interim City Manager SUBJECT: Elgin Area Chamber of Commerce Support and Purchase of Service Agreements PURPOSE The purpose of this memorandum is to provide information to the Mayor and members of City Council to consider two Purchase of Service Agreements with the Elgin Area Chamber of Commerce for economic development activity. BACKGROUND The 1997 Budget includes $92 , 185 for support of the Elgin Area Chamber of Commerce related to economic development activity. During budget discussions, City Council approved a one-time grant request of $40, 000 for specific economic development related projects . Funding for these projects is available through the Economic Development Initiatives budgeted in the Riverboat Lease Fund. The Elgin Area Chamber of Commerce was chartered in 1908 as the Elgin Commercial Club. Since that time, the Chamber has served the community with the mission to be the collective voice of commerce as it maintains and improves the economic environment, and provides leadership for improving the quality of life in the Elgin area. The Chamber has a professional staff of seven full time and two part time employees . Currently, there are 745 members including 200 new members added in 1996 . The City provides direct financial support for economic development activities of the Chamber. The economic development budget for the current year is attached. The Chamber continues to be a vital partner in local economic growth through efforts to retain and expand existing businesses and attract new businesses to the area. During the Chambers 1995-96 Fiscal Year, direct Chamber assistance was provided to 38 firms that located or expanded in the Elgin area, resulting in 2 ,418 jobs . The Elgin economy continues its strong performance with an unemployment rate of 4 . 9%, down from 5 . 3% a year ago. PSA with Elgin Area Chamber of Commerce February 5 , 1997 Page 2 In addition to the annual support provided for economic ent the Chamber requested uested $40, 000 of one-time q funding for three marketing initiatives : production of a business recruitment video; update of the Building Your Business demographic profile; and development of an internet site/geographical information system to provide digitally formatted information to businesses seeking site information, maps and demographics . A request from Chamber President Don Rinehart regarding these projects is attached. Funding for these three marketing initiatives were included in the 1997 Budget as part of the Economic Development Initiatives in the Riverboat Lease Fund. Purchase of Service agreements have been drafted by the Elgin Area Chamber of Commerce President and City staff for City Council consideration. The agreements are designed to establish thepublic purpose for City support and provides a P P mechanism for accountability of the Chamber and the Economic Development Council for the use of public funds . COMMUNITY GROUPS/INTERESTED PERSONS CONTACTED The proposed agreements were drafted in conjunction with the Elgin Area Chamber of Commerce President Don Rinehart . FINANCIAL IMPACT Annual support funding of $92 , 185 is allocated in the 1997 General Fund budget (Account Number 010-1902-709 . 80-02 ) . Funding for the three marketing initiatives in an amount not to exceed $40, 000 is budgeted in the Riverboat Lease Fund (Account Number 276-0000-791 . 80-27 - Economic Development Initiatives ) . Sufficient monies exist to fund these Purchase of Services Agreements LEGAL IMPACT None. ALTERNATIVES • The City Council could approve the agreements as drafted, edit the agreements or decline to provide support to the Elgin Area Chamber of Commerce. PSA with Elgin Area Chamber of Commerce February 5 , 1997 Page 3 RECOMMENDATION It is recommended that the City Council approve the Purchase of Service Agreements with the Elgin Area Chamber of Commerce. Respectfully submitted, Eric S . Stuckey Budget Director/Public Information Officer Ro ert 0. Malm Interim City Manager Attachments Elmi AREA CHAMBER OF 32 South Grove Avenue, P.O. Box 648 COMMERCE Elgin, Illinois 60121-Area Code (847) 741-5660 Fax (847) 741-5677 February 5, 1997 Robert Maim Interim City Manager City of Elgin 150 Dexter Court Elgin, IL 60120 Dear Mr. Mahn: Per our recent meeting regarding disbursement of the $40,000 economic development grant to the Chamber, we would propose to submit expense requests as we incur them for the three projects covered by the grant funds: Marketing Brochure, Industrial Recruitment Video, and G.I.S. Computer System. The cost breakout(not to exceed $40,000)for these projects is estimated to be: Brochure $10,000, Video - $10,000 and Computer System- $20,000. However, due to the nature of the video industry,we are required to pay approximately one-half the cost of the video project up front, with the balance due upon delivery of the finished product (see copy of contract enclosed). We estimate the time frame for completion of the video project to be sometime in June of 1997. We expect the completion of the marketing brochure by June or July as well,with the purchase and installation of the G.I.S. System to occur this summer. We have not, as of yet, entered into contract with a particular vendor for the G.I.S. System. Our request, at this time, is for the $5000 required per the enclosed video contract. We will, subsequently (per our discussion), submit expense requests as we incur them, with proper documentation, and not to exceed two requests per project, for the balance of the other projects. We are pleased to be able to expand and strengthen our partnership with the City of Elgin through these efforts and look forward to a prosperous year in economic development. Please call me at 741-5942 if you have any questions regarding this request. Sincerely, Don Rinehart President DR:bc Enclosure Elgin Area Chamber of Commerce Draft Economic Development 1997 Budget INCOME 1997 1996 Membership Dues 96,052 93,254 Economic Development 140,080 136,000 INCOME $236,132 $229,254 EXPENSE Dues/Subscriptions 2,149 2,086 Insurance/Retirement 22,619 21,960 Meetings 4,561 4,428 Office Equipment 5,191 5,040 Office Supplies 6,489 , 6,300 Postage 4,790 4,650 Professional Fees 2,040 1,980 Program Activities 3,512 3,410 Rent 10,043 9,750 Salaries 150,975 146,580 Telephone 4,532 4,400 Travel 6,098 5,920 Utilities 1,288 1,250 Payroll Taxes 11,845 11,500 EXPENSE $236,132 $229,254