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HomeMy WebLinkAboutADMIN-01-01 ~ ~ DN: 01.01 ~ THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON REPORT Meeting: General Purpose and Administration File # )fl tf , Res. f!(;/Yl-- /2/0-0 J By-law # ~/-CJyo Date: Monday, February 19,2001 Report #: ADMIN 01-01 File #: Subject: CLARlNGTON BOARD OF TRADE RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. THAT Report ADMIN 01-01 be received; 2, THAT approval be granted to the Clarington Board of Trade for the continuation of the function of economic development at an annual payment of $75,000 ending on December 31, 2003; 3, THAT the Chief Administrative Officer bring forth an amendment to the existing agreement to incorporate the extension, and that the Mayor and Clerk be authorized to execute the amendment to the Agreement 1. BACKGROUND: 1.1 On November 7th, 1998, Council approved the privatization of the function of economic development to the Clarington Board of Trade, Subsequent, an agreement was entered into setting out the details including the obligations of the two parties, The agreement ends on December 31, 2000 and renewal is subject to approval by Council. 1,2 The existing agreement contains certain key elements that are pertinent to the consideration of renewal: a) Business retention and business attraction are the only two responsibilities assigned to the Board of Trade b) An annual payment in the amount of $35,000" $50,000. and $75,000, were paid to the Board of Trade for 1998, 1999 and 2000 respectively c) The Board of Trade shall submit annual report, work program and proposed budget to the Municipality prior to any extension, 10Q1 .. . , REPORT NO.: ADMIN 01-01 PAGE 2 " . 2, COMMENT: 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 promoting Clarington as a desirable place to do business. Through the direction of the Board of Directors and tireless effort ofthe Business Development Officer, the Board has taken on many works and initiatives, many of which are to be commended. However, a fair assessment of the Board's performance can only be made if it's works and initiatives are reviewed within the context of the responsibilities assigned to the Board under the terms of the agreement, that being business retention and business attraction. Business retention and attraction are not defined in the agreement for obvious reasons because it is the intention of the Municipality to allow certain flexibility to the Board to operate its business. Ultimately, it is the responsibility of the Board of Trade to make its own interpretation and for the Municipality to determine if the Board was performing its functions in accordance with the terms of the agreement In this regard, the Chief Administrative Officer is pleased to advise that the Board has done an excellent job in promoting business in Clarington and would recommend Council to continue this privatization initiative. Respectfully submitted, U~~ Franklin Wu, M.C.I.P., R.P.P., Chief Administrative Officer FW*jip Attach l002