To: Board of Supervisors
From: Planning and Building Services and Executive Office
Meeting Date: July 14, 2020
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Department Contact: |
Brent Schultz |
Phone: |
234-6650 |
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Department Contact: |
Darcie Antle |
Phone: |
463-4441 |
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Item Type: Regular Agenda |
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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 directed an assessment that staff is unable to complete due to EDFC’s lack of cooperation. EDFC cooperation in this process will allow completion of an assessment that document contribution to the county and return on investment. The Board should consider delaying future funding to EDFC until an assessment is completed and presented to the Board.
Alternative Action/Motion:
Provide direction to staff.
Supervisorial District: All
vote requirement: Majority
Supplemental Information Available Online At: N/A
Fiscal Details:
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source of funding: N/A |
budgeted in current f/y: N/A |
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current f/y cost: N/A |
if no, please describe: |
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annual recurring cost: N/A |
revenue agreement: N/A |
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budget clarification: No costs are directly associated with this item. The County’s funding to EDFC since 1995 is approximately $800,000. The cost of Dr. Eyler’s agreement for this assessment is $23,500; the County’s FY 2019-20 agreement with EDFC was in the amount of $32,000. |
Agreement/Resolution/Ordinance Approved by County Counsel: N/A
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CEO Liaison: Executive Office |
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CEO Review: Yes |
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CEO Comments:
FOR COB USE ONLY
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Executed By: Atlas Pearson, Deputy Clerk I |
Final Status:Direction Given to Staff |
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Date: July 20, 2020 |
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