Laserfiche WebLink
<br />3. The Chamber agrees that the Economic Development Director will provide reports <br />directly to the Board and the City Council, and will cooperate fully with the Board, the <br />City Council and the City staff in all matters related to economic development. <br />G. Program of Services; Performance Measures; Performance Review Plans; Budget. <br />1. The Chamber will, in consultation with the Board, develop and submit to the City <br />Council the following, no later than November 30, 2007, covering the first two years of <br />this Agreement, for review and approval by the City Council: <br />a. A proposed program of economic development services; <br />b. Proposed performance measures; and, <br />c. A proposed performance review plan. <br />2. For anyone-year extension period for this Agreement after the first two years, the <br />Chamber will, in consultation with the Board, develop and submit the following to the <br />City no later than the July 31 st that precedes the extension period, covering the extension <br />period, for review and approval by the City Council: <br />a. A proposed program of economic development services; <br />b. Proposed performance measures; and <br />c. A proposed performance review plan; and, <br />d. A proposed budget for the fiscal year. <br />3. At a minimum, the performance review plan will include a written quarterly report <br />concerning issues related to economic development in the area of the City. The Chamber <br />will present this report to the City Council in executive session to the extent needed to <br />protect the confidentiality of information from business prospects while assuring <br />compliance with the Texas Open Meetings Act. The report will describe the Chamber's <br />economic development activities in the preceding quarter and will include, but not be <br />limited to the following items: <br />a. A list of prospective business contacts for the proceeding quarter; <br />b. A list of pending business prospects along with a status report on negotiations with <br />each; <br />c. A summary of staff activity; and <br />d. Monthly and year to date revenues and expenditures. <br /> <br />Page 3 of8 <br />