HomeMy WebLinkAboutADM-04-06
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REPORT
ADMINISTRATION
Meeting:
Clarington Council
Date:
September 25, 2006
Resolution #:C - <4 D'€S -Ofo
Report #:
ADM-04-06
File #:
By-law #:
Subject:
Clarington Board of Trade - Agreement
Recommendations:
1. THAT Report ADM -04-06 be received for information;
2. THAT Council approve the Board of Trade's request to extend the current agreement to
end on December 31, 2007;
3. THAT the Clarington Board of Trade be advised of Council's decision.
SUbmittedBY:O ~~~
Franklin Wu
Chief Administrative Officer
FW/jld
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO LIC 3A6 T (905)623-3379 F (905)623-5506
REPORT NO.: ADM-04-06
PAGE 2
1.0 BACKGROUND
At its meeting held on June 12,2006, the Clarington Board of Trade presented an
Economic Development Activity update to Council. At the conclusion ofthe meeting,
Council passed the following resolution:
"THAT Council receive the Economic Development Update from the
Clarington Board of Trade;
THAT Council agree in principle to approve the Board's request to
exercise the optional year as set out in the Agreement;
THAT Council endorse the development of a detailed Clarington
Community Economic Development Strategy to be presented in
September; and
THAT the Board of Trade's request to exercise the optional year be
referred to the Chief Administrative Officer for a report."
2.0 COMMENTS
2.1 The Clarington Board of Trade has entered into an agreement with the Municipality of
Clarington since January 2001 to deliver economic development services. The current
agreement is due to expire December 31,2006.
2.2 Section 6.0 of the Agreement specifically provides for an automatic one year extension
under the same terms and conditions ofthe current agreement provided both parties
expressly consent to the extension. This condition has been met by virtue of the Board's
request and Council's approval in principle to the Board's request.
2.3 The CAO has worked closely with the Board of Trade for many years and wishes to
advise Council that the Board has more than lived up to its duties and responsibilities
under the term of the Agreement. The Board has undertaken many worthwhile economic
development activities focusing on retaining existing businesses as well as attracting new
ones. It has established itself within the GTA economic development community and has
collaborated successfully on several initiatives with other economic development partners
including the Municipality. The success of any economic development effort is highly
predicated on the cooperation and positive working relationship between the Municipality
and the Board. The CAO is pleased to advise that this partnership is solid and should be
continuously reinforced. The extension of the current agreement is a step in the right
direction.
2.4 The Municipality's financial obligation to the Board for the year 2007 would be
$100,000, the same amount for 2006.