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HomeMy WebLinkAboutCAO-009-11 UNFINISHED BUSINESS#1 ciffingwiff iKEPORT CHIEF ADMINISTRATIVE OFFICE Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Date: October 17, 2011 Resolution#:6 P11- - 1 By-law#: ;� , Report#: CAO-009-11 File#: Subject: CLARINGTON BOARD OF TRADE CONTRACT RENEWAL RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report CAO-009-11 be received; 2. THAT Council approve the renewal of the current contract with the Clarington board of Trade for the delivery of economic development services for a period of five years (2012-2016 inclusive) for an annual fee of$225,000 with a 2.5% annual cost of living adjustment; 3. THAT the Mayor and the Clerk be authorized to execute an agreement with the Board of Trade; 4. THAT all interested parties listed in Report CAO-009-11 be advised of Council's decision. s Submitted by: Franklin Wu, M.A.O.M Chief Administrative Officer FW/jp CORPORATION OF THE MUNICIPALITY OF CLARINGTON 40 TEMPERANCE STREET, BOWMANVILLE, ONTARIO L1C 3A6 T 905-623-3379 REPORT NO.: CAO-009-11 PAGE 2 1. BACKGROUND 1.1 The Clarington Board of Trade was incorporated in 1998 as a result of following through with a key recommendation of the Mayor's Task Force on Economic Development. The key mandate of the Board is to deliver economic development service on behalf of the Municipality, and specifically, in the area of business attraction and business retention. 1.2 In exchange for the service rendered, the Municipality entered into a contractual agreement with the Board to provide an annual fee to offset its operating cost. The fees were adjusted over the years and shown as follows: 2000 $75,000. 2001 $75,000. 2002 $75,000. 2003 $75,000. 2004 $90,000. 2005 $95,000. 2006 $100,000. 2007 $100,000. 2008 $103,000. 2009 $106,000. 2010 $110,000. 2011 $110,000. 1.3 The current contract expires on December 31, 2011 and would require a decision of Council to continue the contractual arrangement and to determine the costs to continue the said services. The Board met with the Chief Administrative Officer, presented its Business Plan which contains a request for a five (5) year contract renewal to reflect the following fee structure: 2012 $225,000. 2013 $230,625. 2014 $256,391. 2015 $262,800. 2016 $269,370. 2. COMMENTS 2.1 Since assuming the responsibility of economic development in 1999, the Board of Trade has gradually evolved into an umbrella organization of all local business REPORT NO.: CAO-009-11 PAGE 3 groups and associations. Working in concert with those economic development partners, the Board has taken on many economic development and promotional activities, spoken on behalf of all businesses in Clarington and worked closely with municipal staff to facilitate new business development. In addition, the Board has also established a strong presence within the Greater Toronto Area economic development community. 2.2 From a performance perspective, the Chief Administrative Officer has the privilege of working closely with the Board staff and is of the opinion that the Board has more than lived up to the terms and conditions of the Economic Development Contract. The Board staff has communicated well with municipal staff and has reported regularly to Council on its work program and accomplishment. 2.3 Our current model of economic development service being delivered by the Board is very cost effective. The Municipality is getting excellent value for the economic development services for a relatively small amount of fund allocated for this very important municipal function. Compared to similar size municipalities, Clarington's contribution to economic development services is among the lowest, if not the lowest. While the Municipality is getting excellent value for the work performed by the Board, the current underfunding will hamper future economic development efforts. 2.4 A lot has changed since the Board of Trade was incorporated thirteen years ago. Specifically, the Municipality has grown and there are increasing economic development activities witnessing the several impending major projects such as OPG Refurbishment, New Build, 407 and all the energy related business opportunities. All these require the necessary staff resources to ensure that the Municipality can capture all the potential business opportunities as well as to REPORT NO.: CAO-009-11 PAGE 4 accelerate our effort. The Board staff has done a very good job in doing whatever is necessary but it has become quite clear within the last few years that the current staff resources would not be enough for the Board to carry out its contractual requirement of attracting new business and retaining existing business. 2.5 The Municipality's Strategy Plan has identified Economic Development as one of the six (6) priorities for this term of Council. Supporting the Board's request is not only consistent with this priority, but is critically important for the Municipality to work towards the long term goal of reducing our residential tax burden. 3. CONCLUSION The request from the board is very modest and is well supported by its Business Plan. Our model of economic development services through the Board of Trade has not only proven that it works, it is also the most cost effective for the delivery of this important service and therefore should be preserved and enhanced. In consideration of all the comments previously stated in this report, the Chief Administrative Officer would recommend Committee and Council approve the recommendations contained herein. CONFORMITY WITH STRATEGIC PLAN The recommendations contained in this report conform to the general intent of the following priorities of the Strategic Plan: X Promoting economic development Maintaining financial stability Connecting Clarington Promoting green initiatives Investing in infrastructure Showcasing our community Not in conformity with Strategic Plan Staff Contact: Franklin Wu, Chief Administrative Officer REPORT NO.: CAO-009-11 PAGE 5 List of interested parties to be advised of Council's decision: Sheila Hall, Executive Director Economic Development Officer The Clarington Board of Trade & Office of Economic Development 181 Liberty Street South, P.O. Box 434 Bowmanville, Ontario L1C 3Z2