Res 2005-148 - Laserfiche WebLink

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in consultation with the Board, develop and submit the following to the City no later than the July 31 st that precedes the extension period, covering the extension period, for review and approval by the City Council: a. A proposed program of economic development services; b. Proposed performance measures; c. A proposed performance review plan; and d. A proposed budget. 3. At a minimum, the performance review plan will include a written quarterly report concerning issues related to economic development in the area of the City. GMG will present this report to the City Council in executive session to the extent needed to protect the confidentiality of information from business prospects while assuring compliance with the Texas Open Meetings Act. The report will describe GMG's economic development activities in the preceding quarter and will include, but not be limited to the following items: a. A list of prospective business contacts for the proceeding quarter; b. A list of pending business prospects along with a status report on negotiations with each; c. A summary of staff activity; and d. Monthly and year to date revenues and expenditures. 4. The Board and City Council may modify and amend the proposed program, performance measures, performance evaluation plan, and budget for any period of this Agreement before approving them. G. Monthly Activity Reports. GMG will provide to the Board a report ofGMG' s activities for each month of this Agreement. The report will be provided at the first meeting of the Board that follows the month in which the activities occurred. H. Services for Board Meetings. GMG will perform the following in connection with meetings of the Board: 1. Provide facilities and staffing for the meetings of the Board. GMG will ensure that the facilities for Board meetings allow for attendance by members of the public. 2. Keep minutes of the public portion of meetings of the Board, and provide a copy of each Page 3 of8