Broken Arrow Economic Development Authority
Meeting of: 06/17/2024
Title:
title
Approval of and authorization to execute Resolution No. 1588 extending the current contract for Economic Development Services between the Broken Arrow Economic Development Authority and the Broken Arrow Economic Development Corporation from June 30, 2024 until July 31, 2024
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Background:
The Broken Arrow Economic Development Authority contracts with the Broken Arrow Economic Development Corporation annually to encourage and facilitate economic development within and near the City of Broken Arrow by attracting new industry and commercial businesses to the Broken Arrow area, and to promote the economic health and expansion of existing industry and commercial businesses within the City.
The current contract ends on June 30, 2024. Negotiations are ongoing. Staff and the Economic Development Corporation request a 30-day extension to finalize contract details for presentation to the Authority.
Cost: $36,459 per month
Funding Source: Broken Arrow Economic Development Authority
Requested By: Jennifer Rush, Economic Development Director
Approved By: City Manager’s Office
Attachments: Resolution No. 1588
Recommendation:
recommend
Approve and authorize execution of Resolution No. 1588 to provide an extension to the Contract for Economic Development Services with the Broken Arrow Economic Development Corporation through July 31st, 2024.
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