HomeMy WebLinkAbout2011-25 Allocating Eco Dev Funds
RESOLUTION NO. 2011-a-S"
A RESOLUTION ALLOCATING FY 2011-12 ECONOMIC
DEVELOPMENT PROGRAM FUNDS
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
SECTION I. That the City Council recognizes that the Citizens' Budget Committee approved
the fiscal year 20] ]-]2 budget that included $150,000 in the general fund with the understanding
that the City Council would, by resolution, allocate those funds to implement the City's
Economic Development Strategy.
SECTION 2. The FY 201] -12 Economic Development Program funds of$]50,000 will be
allocated as follows:
A.
$25,000 - Chamber of Commerce contract to complete a Business Retention and
Expansion Survey
B.
$20,000 - Staffing for coordination and implementation of Economic Development
Strategy
C.
$85,000 - Contract to complete an Urban Renewa] Plan *
*
Expenditure of the $85,000 is contingent upon City Council approval pending the
outcome of the Urban Renewal Feasibi]ity Study to be completed and presented to City
Council in the first quarter ofFY201 1-12.
D.
$20,000 set aside for Economic Development Strategy implementation in FY 2012- I 3 or
future qualifying special project in FY 201 ] -] 2 as determined at a future date by City
Council.
This resolution was duly PASSED and ADOPTED this
,20~ awt upon signing by the Mayor.
arbara Christensen, City Recorder
SIGNED and APPROVED this2 ro.ay of June, 20] I.
~r day of
. .k-~
Stromber~, Mayor -'1
J
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