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File #: 20-0601    Version: 1 Name:
Type: Presentations Status: Agenda Ready
File created: 6/30/2020 In control: Planning and Building Services
On agenda: 7/14/2020 Final action:
Title: Discussion and Possible Action Regarding Board Direction to Perform an Assessment of Economic Development and Finance Corporation (EDFC), Documenting their Contribution to the County and the Return on Investment being provided (Sponsor: Planning and Building Services, Executive Office)
Sponsors: Planning and Building Services, Steve Dunnicliff
Attachments: 1. 07-13-20 Simmons Correspondence, 2. 07-13-20 Goldsmith Correspondence, 3. 07-14-20 Rogers Correspondence, 4. EFA EDFC Review Contract - Executed
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TO: Board of Supervisors
FROM: Planning and Building Services and Executive Office
MEETING DATE: July 14, 2020


DEPARTMENT CONTACT:
Brent Schultz
PHONE:
234-6650
DEPARTMENT CONTACT:
Darcie Antle
PHONE:
463-4441


ITEM TYPE: Regular Agenda

TIME ALLOCATED FOR ITEM: 30 Mins.


AGENDA TITLE:
title
Discussion and Possible Action Regarding Board Direction to Perform an Assessment of Economic Development and Finance Corporation (EDFC), Documenting their Contribution to the County and the Return on Investment being provided
(Sponsor: Planning and Building Services, Executive Office)
End

RECOMMENDED ACTION/MOTION:
recommendation
Provide direction regarding the Board's preference and intention related to completion of an Assessment of the Economic Development and Finance Corporation (EDFC), Documenting EDFC's Contribution to the County and the Return on Investment.
End

PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
On January 7, 2020 the Board of Supervisors requested that the Executive Office perform an assessment of EDFC, documenting their total contribution and return on investment.

SUMMARY OF REQUEST:
Since the January 7, 2020 Board Meeting, County staff retained the services of Dr. Robert Eyler to perform an audit of EDFC's files. At this time, EDFC representatives are refusing to cooperate and provide an accounting and access to the County's consultant, Dr. Eyler, and County staff is at a standstill and unable to complete the assessment. The County is seeking information related to businesses and jobs created, business and job retained, success and default rate of local business loans and location of loans and whether within the County's unincorporated area. This information should not be strictly confidential and if provided by EDFC would demonstrate the contributions made to the County by EDFC. At this time, the County is unable to move forward without the cooperation of EDFC to complete the Board requested assessment.

The Board has...

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