2018 2:00:00 PM

Monday, September 24, 2018 2:00 PM
Council Chambers, Legislative Bldg, 745 4th St., Sparks, NV

General Business: 9.1

Title: Consideration and possible approval of payment of the annual support to the Economic Development Authority of Western Nevada (EDAWN) for Fiscal Year 2018-2019 an amount not to exceed $100,000.

Petitioner/Presenter: Stephen W. Driscoll, City Manager/Stephen W. Driscoll, CIty Manager

Recommendation: To authorize the City Manager to process a payment for annual support from the City of Sparks to the Economic Development Authority of Western Nevada (EDAWN) for Fiscal Year 2018-2019 in the amount of $100,000.00

Financial Impact: $100,000.00 as approved in the City of Sparks Fiscal Year 2018-2019 Final Budget

Total Costs: $100,000.00

Fund: General Fund Account: 603125
Program: Economic Development (059041)
Amount: $100,000.00 Budget Status: Budget Exists

Business Impact (Per NRS 237):
A Business Impact Statement is not required because this is not a rule.

Agenda Item Brief:

In the annual budget process the City of Sparks Council allocates monies for the support of various governmental and quazi-governmental agencies. The Economic Development Authority of Western Nevada (EDAWN) is the partnering agency providing economic development support to the city and the region. In the City of Sparks Fiscal Year 2018-2019 Final Budget, a $100,000 allocation in support of EDAWN was approved by the Council on April 23, 2018 as part of the FY19 City Manager's Budget Recommendations (Agenda Item 9.4) .

The City has received an invoice from EDAWN for the Fiscal Year 2018-2019 annual support payment in the amount of $100,000.00 -- Invoice # 9466 / Dated 08/07/2018 (see attached).

Background:

EDAWN requests $100,000 from the City of Sparks to enable EDAWN to assist the growth and economic development efforts in the Greater Reno-Sparks-Tahoe region.

Analysis:

EDAWN’s Mission is valuable to our region’s growth and economic development efforts. EDAWN’s Strategic Plan and goals include quality job creation, assist with the city’s “visitation” program, and annual reporting to the city providing “dashboard-metrics” updates to the Board of Trustee representing the City of Sparks at monthly EDAWN Board of Trustee meetings.

The council has previously approved EDAWN as the “one economic voice” in conjunction with the Governor’s Office of Economic Development and Smarter Regions.

This item was included in the city' Final Budget for FY 2018-2019 as approved by the Council on 02/23/2018 as part of the FY19 City Manager's Budget Recommendations (Agenda Item 9.4).

Alternatives:

The Council may approve the agenda as presented by staff;

The Council may not approve the agenda as presented by staff;

The Council may not approve the agenda as presented by staff and provide other direction to the City Manager.

Recommended Motion:

I move to approve payment for the city’s annual support of EDAWN for fiscal year 2018-2019 in the amount of $100,000.

Attached Files:

20180905 EDAWN Annual Support Invoice.pdf

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