Title
Consideration of and action on a contract with the Economic Alliance Houston Port Region for Economic Development Services.
Body
Summary:
During Tuesday evening’s Council Workshop, Mr. Chad Burke, President/CEO of the Economic Alliance Houston Port Region, will give his annual presentation to Council covering the Economic Alliance’s activities during the past year. The City’s present three (3) year contract with the Alliance expires on June 30, 2024. It is proposed we enter into a new agreement which begins July 1, 2024 and concludes June 30, 2027. A copy of the new agreement may be found attached to this item. Its scope of services and verbiage remains identical to the present contract. The proposed annual rate is $25,000, which is an increase of $3,000 per year. This is the first such increase since 2018.
Fiscal/Budgetary Impact:
The annual expenditure for economic development services per the proposed new contract is $25,000.
Recommended action
Approve.