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EDA Agenda Memo <br /> August 9, 1999,Meeting <br /> Page 4 <br /> • * Chamber of Commerce <br /> * Council for Urban Economic Development <br /> * Various Professional Association Publications <br /> • Miscellaneous -(HRA to pay 25%) $ 6,000 <br /> * Donation to Chamber of Commerce <br /> • Equipment $ 2,500 <br /> * Computer,Purchase <br /> Total EDA Year 2000 Proposed Expenditures $145,100 <br /> Total EDA Year 2000 Projected Revenues $145,150 <br /> Staff proposes to bring two of the budgeted line items above back to the <br /> EDA prior to undertaking these expenditures including: <br /> • Other Professional Services - Create an Economic <br /> Development Marketing Plan $9,000 <br /> • Advertising and Marketing Implement Marketing Event - <br /> $7,000 <br /> Staff will ask in its recommendation that these two items be lip <br /> specifically noted to receive individual approval by the EDA prior to <br /> any expenditures for these two activities. <br /> The EDA business incubator budget is very straightforward with total <br /> revenue from rent expected in the amount of approximately $10,000 in <br /> 2000. Proposed business incubator expendituresinclude the following: <br /> • Operating supplies $ 500 <br /> • Professional Services Harlan Jacobs, consultant $ 6,000 <br /> • Advertising and Marketing - $ 5,000 <br /> • Cleaning services $ ° 500 <br /> • Building rent -Larry Hickman,landlord $ 21,000 <br /> • Buildings and Structures potential minor <br /> leasehold improvements $ 5,000 <br /> Total Business Incubator Expenditures $ 38,000 <br /> Total Business Incubator Revenues $ 10,000 <br /> Amk The approximate $28,000 shortfall in this budget is proposed, as it has <br /> lip been in the past, to be funded through the use of funds generated by <br /> Tescom Corporation's loan repayment. <br />