CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Economic Development 		For Meeting of:
February 9, 2015
District: ALL From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Annual Funding Agreement with the Foundation for Building Community, Inc.
Summary:
In a recent Central Florida Partnership Regional Priorities survey, more than 650 leaders in the Central Florida region endorsed international business as a primary opportunity for economic stability and growth and job creation. In November 2014, the Central Florida Partnership convened more than 30 experts for a roundtable on export and international business. Those experts endorsed the need for an International Business Task Force to convene in 2015 and establish clear objectives for how to expand and diversify international business in Orlando. 

The City of Orlando as the largest municipality in the seven-county region desires to support the advancement of this task force.

The funding agreement is between the City of Orlando, Community Redevelopment Agency and the Foundation for Building Community, one of the Central Florida Partnership's lines of business. The funding agreement provides for the City of Orlando Economic Development Department's Business Development Division to contribute $75,000 and the CRA to provide $25,000 in FY 2014-2015. 

In addition to advancing the International Business Task Force, the funding agreement also provides for the CRA's continued membership in myregion.org and the City's membership in Orlando, Inc.
Fiscal & Efficiency Data: Fiscal Impact Statement Attached
Recommended Action:
Approve the Funding Agreement between the City, CRA and the Foundation for Building Community, Inc. subject to review and approval by the City Attorney's Office and authorize the expenditure of $100,000 ($75,000 from the City, $25,000 from the CRA). 
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact: Kathy DeVault ext 3109
Approved By:

Department Date and Time
Planning and Environmental Attorney 1/27/2015 1:03 PM
Budget Outside Routing Approval 1/28/2015 1:57 PM
City Clerk 1/28/2015 2:10 PM
ATTACHMENTS:
Name: Description: Type:
2014-15_Foundation_for_Bldg_Comm_funding_agreement_(3).docx Funding Agreement Backup Material
Fiscal_Impact_Statement_-_Foundation_for_Building_Community_Funding_Agreement.doc FIS Fiscal Impact Statement
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."