LEGISLATIVE ACTION ITEM
SPONSOR: Ashton J. Hayward, III, Mayor
SUBJECT:
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Interlocal Agreement - Pensacola-Escambia County Promotion and Development Commission
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RECOMMENDATION:
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That City Council approve and authorize the Mayor to execute the Interlocal Agreement between the City and Escambia County related to the funding of the Pensacola-Escambia County Promotion and Development Commission (PEDC) for FY 2017.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
The PEDC was created by Chapter 67-1365, Laws of Florida to promote and develop tourism and industry in Escambia County and the City of Pensacola. PEDC is governed by a nine member board consisting of representatives from the Escambia County Board of County Commissioners, the Pensacola City Council, the Century Town Council and the Greater Pensacola Chamber.
In 1989, House Bill 984 amended Chapter 67-1365, Laws of Florida to require that the City and Escambia County jointly fund the PEDC through an annual Interlocal Agreement. For FY 2017 Escambia County has budgeted $550,000 and the City has budgeted $150,000 for PEDC.
The Escambia County Board of County Commissioners originally approved an Interlocal Agreement on October 6, 2016 which reflected the City’s full budgeted amount of $150,000 but only reflected the County’s first quarterly draw amount of $137,500. The remainder of the County’s budgeted amount was not included in the original Interlocal Agreement pending the submission of certain economic development metrics by PEDC to the County. On January 19, 2017, the Escambia County Board of County Commissioners approved the full budgeted amount for PEDC. It is anticipated that the Escambia County Board of County Commissioners will approve the attached Interlocal Agreement at their meeting on February 16, 2017. Upon approval, the Interlocal Agreement will be executed by the City and County.
PRIOR ACTION:
September 14, 2016 - City Council adopted the FY 2017 Budget.
FUNDING:
Budget: $150,000
Actual: $150,000
FINANCIAL IMPACT:
Funds have been appropriated in the FY 2017 Budget.
CITY ATTORNEY REVIEW: Yes
1/27/2017
STAFF CONTACT:
Eric W. Olson, City Administrator
Richard Barker, Jr., Chief Financial Officer
ATTACHMENTS:
1) Draft Interlocal Agreement
PRESENTATION: No end