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BOCC AGENDA ITEM
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| Item Title: | Nassau County Economic Development Board FY23/24 Funding Agreement | | Date: | 1/8/2024 | | Department: | OMB |
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| | | | | | | | | Background: | Pursuant to Section 125.045, Florida Statutes, Nassau County may contract with an entity engaged in economic development activities on behalf of the County pursuant to the requirements of Florida Statutes.
The Nassau County Development Board, Inc., has been formed to further economic development within Nassau County. Nassau County desires successful economic development within Nassau County that will leverage Nassau County's competitive market position by attracting new business and fostering business expansion.
Pursuant to the provisions of Section 125.045, Florida Statutes, Nassau County desires to enter into an funding agreement with the Nassau County Economic Development Board, Inc., to further economic development efforts in Nassau County. Funds provided by the County to the Nassau County Economic Development Board, Inc., under this agreement shall be exclusively used to retain existing businesses in the County and attract new business to Nassau County. | | Request: | | Approve and authorize the Chairman to sign the FY23/24 Funding Agreement with the Nassau County Economic Development Board, Contract No. CM3541 in the amount of $150,000. | | Financial/Economic Impact to Future Years Budgeting Process or Effect on Citizens: | | At the Final Public Hearing for the FY2023/2024 Budget, the BOCC approved funding for the Nassau County Economic Development Board as part of the adopted budget. | | Action Requested and Recommendation: | | Approve and authorize the Chairman to sign the FY23/24 Funding Agreement with the Nassau County Economic Development Board, Contract No. CM3541 in the amount of $150,000. | | Is this action consistent with the Nassau County Comprehensive Land Use Plan? | | NA | | Funding Source: | | 01692552-582011 |
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| Additional Information Needed for Contracts/Agreements (If Applicable) | | | Contract Number assigned by Contracts Management: | | CM3541 | | For non-governmental agencies, has the document been sent to the vendor for signature? | | Yes | | Does the document need to be recorded? If so, who will pay the recordation fee? | | NA | | Are there any special mailing instructions? (Include contact name, address, deadline for submittal, how to mail such as express mail, FedEx, etc): | | Mail one copy to the Nassau County Economic Development Board | | How many originals are needed? | | One |
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