Res 2016-166/approving an agreement with the Greater San Marcos Economic Development Corporation (GSMP) for Economic Development Services

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Deliverables: 1. Organize the Workforce Development Implementation Work Group to implement the Vision 2020 Strategy. 2. Support the San Marcos Consolidated Independent School District on initiatives such as the Applied STEM Academy. 3. Identify short-comings in current workforce training through BRE surveys and report to workforce training providers. 4. Enhance partnerships with Gary Job Corp, Austin Community College, Texas State Occupational, Workforce and Leadership Studies Program and other stakeholders. G. Office. The Corporation agrees to maintain an office located within the San Marcos city limits that meets ADA requirements for accessibility and is staffed during regular business hours, Monday through Friday, excluding City-recognized holidays. H. President/CEO. The Corporation agrees to employ a full-time President/CEO to serve as the Corporation's manager for the performance of services under this Agreement. City Council representatives will be on the search committee for the corporation's President/CEO and provide meaningful input to the process. 1. The President/ CEO will be an ex-officio, without vote, on the Economic Development San Marcos Board (EDSM Board). 2. The President/CEO will provide reports directly to the City Manager and any City nominees who serve on the Corporation Board, and will cooperate fully with the EDSM Board, the City Council and the City staff in all matters related to economic development. 3. The President/CEO will provide all relevant details including a cost/benefit analysis and a due diligence report including criteria set forth in Exhibit "C" for each prospect and proposed incentive to the EDSM Board and to the City Clerk at least 3 days prior to the meeting at which an incentive is to be considered. I: City Economic Development Director. This section intentionally left blank. J. Quarterly and Annual Reports. The Corporation will prepare a written quarterly report regarding Small Business Development, Business Retention and Expansion, Business Recruitment, and Workforce Development for the City of San Marcos and the Greater San Marcos Region. The President/CEO will present this report to the City Manager and City Council in closed meeting to the extent needed to protect the confidentiality of information from business prospects while assuring compliance with the Texas Open Meetings Act. At the end of the fiscal year an Annual Report on activities will be prepared and provided to the City Manager. K. Funding Requests. On or before June 15th of each year preceding the fiscal year for which City funding is requested, the Corporation will, in consultation with the President/CEO, develop and submit to the City for review and approval by the City Council, the Corporation's proposed budget, any changes or additions to the proposed program of work, and 3