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4. Enhance partnerships with Gary Job Corp and other stakeholders. <br />5. Provide quarterly report on Workforce Development strategies and activities. <br />G. Office. The Corporation agrees to maintain an office located within the San Marcos <br />city limits that meets ADA requirements for accessibility and is staffed during regular business <br />hours, Monday through Friday, excluding City - recognized holidays. <br />H. President /CEO. The Corporation agrees to employ a full -time President /CEO to <br />serve as the Corporation's manager for the perfonnance of services under this Agreement. City <br />Council representatives will be on the search committee for the corporation's President /CEO <br />and provide meaningful input to the process. <br />I. The President/ CEO will be an ex- officio, without vote, on the Economic <br />Development San Marcos Board (EDSM Board). <br />2. The President /CEO will provide reports directly to the City Manager and any <br />City nominees who serve on the Corporation Board, and will cooperate fully <br />with the EDSM Board, the City Council and the City staff in all matters related <br />to economic development. <br />3. The President /CEO will provide all relevant details including a cost /benefit <br />analysis and a due diligence report including criteria set forth in Exhibit "C" for <br />each prospect and proposed incentive to the EDSM Board and to the City Clerk <br />at least 3 days prior to the meeting at which an incentive is to be considered. <br />1. City Economic Development Director. This section intentionally left blank. <br />J. Quarterly Reports. The Corporation will prepare a written quarterly report <br />concerning issues related to economic development in the greater San Marcos region. The <br />President /CEO will present this report to the City Manager and City Council in closed meeting <br />to the extent needed to protect the confidentiality of information from business prospects while <br />assuring compliance with the Texas Open Meetings Act. <br />K. Funding Requests. On or before June 15 °i of each year preceding the fiscal year for <br />which City funding is requested, the Corporation will, in consultation with the President /CEO, <br />develop and submit to the City for review and approval by the City Council, the Corporation's <br />proposed budget, any changes or additions to the proposed program of work, and benchmark <br />measurements in the Economic Development Strategy and Implementation Plan. Any proposed <br />changes to the approved GSMP budget must be submitted to the City Clerk on the same day they <br />are submitted to the GSMP Board. <br />L. Financial Report; Audit. The Corporation agrees to submit to the City an annual <br />financial report and an audit prepared by a certified public accountant. <br />M. Records. The Corporation shall maintain complete and accurate financial records of <br />each expenditure of funds in accordance with generally accepted accounting principles <br />prescribed for the Corporation and, at the request of the City Manager or his designee, or of any <br />other person, shall make the records available for inspection and review during normal business <br />hours. The Corporation, as a recipient of public funds under this Agreement, hereby <br />