Title
A Resolution Approving Professional Services and a Transfer of Funds
Summary
Description of Topic: (who, what, where, when, why and how much)
Mike Thompson: Request to approve a $50,000 contract with Retail Strategies, $30,000 this fiscal year and $20,000 in FY2019, with two options to renew. There is $30,000 available in the Economic Development budget for transfer to General Government to cover this service.
Budgetary Impact:
Non-Capital Item:
_x___ Budgeted under account #_100-627-1010 & 100-627-8060__ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, Retail Strategies has submitted a Proposal for Professional Services related to Economic Development, and
WHEREAS, there are funds available within Economic Development Department accounts to fund this service.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves a Professional Services agreement with Retail Strategies for a 1 year period, with 2 one-year options for renewal, with $30,000 payable this fiscal year.
SECTION 2: Approves the transfer between accounts as follows: $21,000 from Econ Dev Salaries account 100-627-1010 and $9,000 from Econ Dev Convention/Conference account 100-627-8060 for a total transfer of $30,000 to Gen Gov Consulting/Professional account 100-620-3020.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.