Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Project title: Establishment of an Everett Chamber of Commerce and 2024 Q3 Covid Relief Funds Resolution <br />Council Bill # interoffice use <br /> <br />Project: 2024 Q3 Covid Relief Funds Resolution <br />Partner/Supplier: NA <br /> Location: NA <br />Preceding action: <br />Approval of Pallet shelter expansion with ARPA funds on 9/1/21; approval of Resolution authorizing Everett Forward Grants on 10/27/21; approval of Resolution authorizing up to $5,620,000 for projects and initiatives on 5/11/2022; approval of Resolution authorizing up to $7,950,000 for projects and initiatives on 10/5/2022; approval of $1,200,000 on 3/29/2023; approval of $2,250,000 for protects and initiative s on 8/2/2023; approval of funding ordinance on 12/13/2023 for $1,404,709; approval of 2024 budget amendment #1 for $800,000; <br />Fund: <br />Agenda dates requested: <br /> <br />Briefing 8/14/2024 <br />Proposed action <br />Consent <br />Action 8/21/2024 <br />Ordinance <br />Public hearing <br /> Yes X No <br /> <br />Budget amendment: <br /> Yes X No <br /> <br />PowerPoint presentation: <br />X Yes No <br /> <br />Attachments: <br />Resolution <br /> <br />Department(s) involved: <br />Community <br />Development/Admin <br /> <br />Contact person: <br />Julie Willie <br /> <br />Phone number: <br /> <br /> <br />Email: <br />jwillie@everettwa.gov <br />Initialed by: <br /> <br />Department head <br /> <br />Administration <br /> <br />Council President <br />Fiscal summary statement: <br />The City was granted $20,695,570 in ARPA funds, to date $19,186,194.23 has been <br />authorized by Council for spending, either through resolutions or budget <br />amendment/funding ordinances. The funds have also earned interest around <br />$628,330.42. This leaves a balance of approximately $2,137,706.19 for future <br />appropriations. Staff are requesting the use of up to $600,000 of the City’s funds from <br />the Covid Recovery Fund to establish an Everett Chamber of Commerce. It is anticipated <br />approximately $50K will be used for a professional service contract to work alongside an <br />advisory board who will determine the requirements and desired outputs of the <br />Chamber and its fiscal structure for its launch in 2025, The remaining $550K will be <br />allocated in a stepdown fashion over the next 3 years. <br /> <br />Project summary statement: <br />As briefed in June 2024, staff are requesting the adoption of a resolution to proceed <br />with the use of up to $600,000 of Covid Recovery Funds for the renewed need for a <br />stand-alone city chamber of commerce. This is based on feedback from Everett <br />businesses, emphasizing the city’s current economic development opportunities and <br />increased interest from business owners. A future Chamber will support and attract <br />business, providing essential services such as networking events, business education and <br />tailored support and advocacy for small businesses. The development of a chamber as a <br />partnership organization will provide needed services for our business community and <br />grow efficiency and capacity for current city staff efforts. <br /> <br />Recommendation (exact action requested of Council): <br />Adopt a Resolution concurring with staff recommendation and authorizing the Mayor to <br />implement the next steps to establish an Everett Chamber of Commerce. <br /> <br /> <br />City Council Agenda Item Cover Sheet