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File #: 18-0110 CRA    Version: 1 Name:
Type: CRA Funding Assistance Status: Agenda Ready
File created: 9/5/2018 In control: Community Redevelopment Agency
On agenda: 9/11/2018 Final action:
Title: A-GUIDE FUNDING AGREEMENT FY 2018-2019 - GREATER DELRAY BEACH CHAMBER OF COMMERCE
Attachments: 1. Agenda Cover Report, 2. Exhibit A - FY 18-19 A-GUIDE Funding Agreement - Chamber, 3. Exhibit B - Chamber
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO:                                           CRA Board of Commissioners

FROM:                       Lori Hayward, Finance and Operations Director

THROUGH:                      Jeff Costello, CRA Executive Director

DATE:                      September 11, 2018

 

Title 

A-GUIDE FUNDING AGREEMENT FY 2018-2019 - GREATER DELRAY BEACH CHAMBER OF COMMERCE

 

Body

Recommended Action:

Recommendation

 

Approve the A-GUIDE Funding Agreement with the Greater Delray Beach Chamber of Commerce in the amount of $25,000 for Fiscal Year 2018-2019.

 

Body

Background:

 

The Greater Delray Beach Chamber of Commerce (“Chamber”) applied for CRA A-GUIDE Funding for Economic Development and Recreation and Cultural Facilities in the amount of $40,000 for fiscal year 2018-2019.  This represents 3% of the Chamber’s Proposed Budget of $1,194,463.

 

At the August 27, 2018 CRA Board meeting, the Board considered the funding request from the Chamber and supported the funding request in the amount of $25,000. 

 

Attached is an agreement outlining the Chamber’s reporting and other responsibilities with regard to the requested funding provided. The Chamber will submit to the CRA Board, quarterly reports documenting the expenditure of funds and the progress towards the outcomes projected in the Goals and Outcomes Report and Budget for FY 2018-2019.  Funds will be disbursed quarterly based on submittal of the associated quarterly reports.  

 

Attachment(s) Exhibit A - FY 2018-2019 - Greater Delray Beach Chamber of Commerce A-GUIDE Funding Agreement, Exhibit B - Goals and Outcome Report and Budget.

 

CRA Attorney Review:

The CRA Attorney has reviewed the Funding Agreement to form and determined it to be acceptable.

 

Finance Review:

N/A

 

Funding Source/Financial Impact:

$25,000 allocated from General Ledger #7376 - A-GUIDE Funding, pursuant to the proposed FY 2018-19 CRA Budget.

 

Timing of Request:

N/A