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HomeMy WebLinkAboutADM-04-03 ~ . '. C!iJJillgtDn REPORT ADMINISTRATION Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE Date: June 16, 2003 Report #: ADM-04-03 File#: lor GPA-'3/<6-b3 By-law #: Subject: Clarington Board of Trade - Contract for Economic Development RECOMMENDATIONS: 1. THAT Report ADM-04-03 be received. 2. THAT Council approve the contracting of economic development functions to the Clarington Board of Trade, subject but not limited to, the following terms: a) The Municipality shall pay the Clarington Board of Trade an annual sum of $90,000, $95,000 and $100,000 for years 2004, 2005 and 2006 respectively. These sums are exclusive of the free office space provided to the Board at the Tourism Centre on Liberty Street. b) That Council approve a one-time capital contribution of $18,000 to be advanced in 2004 for the purpose of enabling the Board to prepare a business directory and inventory of vacant buildings and properties. c) The Clarington Board of Trade shall, as a minimum, present to Council an annual report including an account of all economic development activities undertaken for the given year. 3. THAT the Mayor and Clerk be authorized by by-law to execute the agreement between the Municipality of Clarington and the Clarington Board of Trade subject to the Region of Durham approving Clarington's continuous delivery of economic development functions under the new Municipal Act. CORPORATION OF THE MUNICIPALITY OF ClARINGTON 40 TEMPERANCE STREET, BOW~AN~ltto gNTARIO l 1C 3A6 T 905-623-3379 F 905-623-5717 \ . REPORT NO.: ADM-04-03 Page 2 4. That the Region of Durham be requested to continue to grant the economic development activities function to the Municipality of Clarington under the new Municipal Act. cJ~~-~. Submitted by: Franklin Wu, Chief Administrative Officer FW*jla 1407 \. REPORT NO.: ADM-04-03 Page 3 1. Background 1.1 On November 7, 1998 Council approved the privatization of the function of economic development to the Clarington Board of Trade. Subsequently, an agreement was entered into setting out the details including the obligations of the two parties. The agreement ended on December 31, 2000 and was further extended for three years, ending on December 31, 2003. 1.2 The financial portion of the contractual agreement with the Board of Trade in the previous years are as follows: 1998 - $35,000 1999 - $50,000 2000 - $75,000 2001 - $75,000 2002 - $75,000 2003 - $75,000 These funds were intended to cover the salary/benefit expenditure of the Board in order to retain the service of a professional Economic Development Officer/Manager to handle the business retention and business attraction responsibilities. The costs of office administration and other Board activities are covered by other revenue services, such as membership fees and special events. 2. Request for New Contract As the current contract will expire at the end of this year, it is imperative that the future of economic development function be addressed now. In this regard, representatives of the Board of Trade have met with the Administrator with a view to negotiating a new contract to allow the Board of Trade to continue the economic development functions on behalf of the Municipality. 1408 ". REPORT NO.: ADM-04-03 Page 4 a) A new three (3) year contract commencing January 1, 2004, ending December 31, 2006 whereby the Clarington Board of Trade will deliver economic development functions on behalf of the Municipality of Clarington. b) The Municipality will provide an annual lump sum payment to the Board on the first day of March in each calendar year, in the amount of $90,000 for year 2004, $95,000 for year 2005 and $100,000 for year 2006. c) That economic development function is generally defined as business retention and business attraction. d) Automatic renewal for one additional year at $100,000 for year 2007, subject to the consents by both parties. e) The Board shall at a minimum, report to Council once a year pertaining to all the economic development activities undertaken. f) The Board and its employees shall refrain from engaging in any activity that would negatively impair the relationship between the Municipality and the Board. g) The Municipality will provide free office space for the Board's employees at the Tourism Centre at Liberty Street and Highway 401. The Municipality will provide the Board a one time contribution of $18,000 for the purpose of preparing a Business Directory and Vacant Land and Building Inventory. h) 4. Comments In the consideration of whether or not the Municipality should continue the current privatization initiative with the Board of Trade, certain factors must be considered. In particular, it is prudent to review the past performance of the Board of Trade in its delivery of its responsibilities under the terms of the agreement to ensure the Municipality is getting the best value of its tax dollars. Since assuming the responsibility of economic development in 1998, the Board of Trade has slowly and gradually evolved into an umbrella organization, working in concert with various business organizations within Clarington to further the common goal of 1409 " ; ~ .. REPORT NO.: ADM-04-03 Page 5 promoting Clarington has a desirable place to do business. Through the direction of the Board of Directors and tireless effort of the previous Business Development Officer and the current Business Development Manager, the Board has taken on many economic development and promotional initiatives, all of which are to be commended. The Chief Administrative Officer, having the experience of working closely with the Board since its inception, is pleased to advise that the Board has done an excellent job in promoting business in Clarington and would recommend to Council to continue this privatization initiative. The recommended amounts of $90,000 for 2004 and a gradual $5,000 increase for 2005 and 2006 are considered reasonable, and it represents an average annual increase of approximately 4.75% between year 2000 and 2006. The $18,000 one time capital contribution is recommended to be provided to the Board in order to allow it to acquire the necessary tools to perform the economic development functions. These tools include a Business Directory and an Inventory of Vacant Buildings and Properties. These publications represent the very basic, and yet essential tools for every economic development personnel, and are absolutely necessary irrespective of who is delivering economic development functions. 5. New Municipal Act Ramification Prior to the new Municipal Act coming into force on January 1, 2003, the Region of Durham, by by-law, has authorized its local municipalities to perform economic development functions. The new Municipal Act has given the economic development function exclusively to the Region of Durham with a proviso that the Region may allow the local municipalities to perform the economic development function. In order to ensure the future agreement with the Board of Trade would not be contrary to the new Municipal Act, it is recommended that the Region confirm with Clarington that the previous arrangement will be carried over under the Municipal Act. 1410