Item:
Title
Approve Fiscal Year 2024-2025 Contract with Downtown Durham, Inc. for Economic Development Services in the Amount of $200,000
Body
Date of BOCC Meeting: August 12, 2024
Request for Board Action:
Agenda Text
The Board is requested to authorize the County Manager to execute the attached contract in the amount of $200,000 with Downtown Durham Inc. (DDI) for services that support downtown economic development in FY 2024-2025.
The agreement and Scope of Services will continue to seek service delivery that assists in the business recruitment and retention of downtown Durham, strategic planning, and concurrent tax base growth. This Scope of Services reflects current levels of service delivery carried out by Downtown Development, Inc. as well as reflecting responsibilities and metrics that align with the County’s Strategic Plan. Funds for this agreement were included as part of the FY 2024-2025 Approved Budget.
Alignment with Strategic Plan: This item aligns with Regional Leadership 1b.
Resource Persons: Andrew Miracle, Economic Development Director; Maurice Jones, Deputy County Manager of Regional Leadership.
County Manager’s Recommendation: The County Manager recommends that the Board authorize the County Manager to execute the attached contract in the amount of $200,000 with Downtown Durham, Inc. for services that support business and economic development in FY 2024-2025.
Signature
County Manager: ____________________________