Title
Approval of a public private partnership contract between the City of Roswell and the Convention and Visitor's Bureau (CVB) for the Roswell Business Alliance Initiative and Approval of Budget Amendment 7555-09-26-11 in the amount of $175,000 to provide FY 2012 start up funding. (This item was deferred from the September 26, 2011 Mayor and City Council meeting)
Presented by Kay Love, City Administrator
Body
Item Summary:
The vision of the proposed Public Private Partnership between the City of Roswell and the Roswell Convention and Visitor's Bureau for the Roswell Business Alliance is: An engaged citizenry and staff who leverage and promote Roswell's resources and reputation for excellence to attract and keep businesses that enhance the city. The goal is: Working with the resources established through an active Board that represents the breadth of City interests, the organization's staff, and members, emphasis would be devoted to attracting, promoting, marketing and giving a voice to business in Roswell. The proposed start date is January 1, 2012. The membership fees for the Business Alliance program is a tiered system based on the number of employees.
Committee or Staff Recommendation:
On September 13, 2011 the Administration and Finance and Recreation and Parks Committee recommended placing this item on the September 26, 2011 Mayor and Council Agenda. It was deferred to the next Mayor and City Council meeting.
Financial Impact:
Funding for the startup of the program for FY 2012 - FY 2015 is available from Hotel Motel Fund reserves. The Hotel Motel Fund has an estimated fund balance of $856,870. Upon approval of Budget Amendment 7555-09-26-11; Cost Center 7555, Account #521201 will have $175,000 available from the Hotel Motel Fund fund balance. The Hotel Motel Fund fund balance will have $681,870 remaining upon approval of the Budget Amendment.
Presented by:
Kay Love, City Administrator