Resolution 2024-31 - Laserfiche WebLink

Home Browse Search

AGREEMENT FOR ECONOMIC DEVELOPMENT SERVICES JANUARY 1, 2024 THIS AGREEMENT FOR ECONOMIC DEVELOPMENT SERVICES ("Agreement") is made and entered into the 1st day of January, 2024 by and between the City of Louisville, Colorado ("City"), a municipal corporation, and the City of Boulder on behalf of the Boulder Small Business Development Center ("SBDC" or "Contractor"). The City and SBDC may hereinafter be referred to individually as a "Party" or collectively as the "Part6ies." WHEREAS, the City of Boulder hosts the SBDC which focuses on three (3) areas of support for the small business: training (short and long-term), counseling, and access to valuable resources. The SBDC helps small businesses analyze marketing and growth issues, set reasonable short and long-term goals, obtain financing, and prosper in competitive markets; and WHEREAS, the stimulation of economic growth is recognized to serve both the public interest and municipal purposes of the City by enhancing the tax base and creating employment opportunities; WHEREAS, it is deemed advisable for the City to contract for the provision of SBDC Services including free one-on-one business counseling, practical business workshops, and connection to business resources — both tools and professionals; and WHEREAS, the Parties acknowledge that the date of the Parties' execution of this agreement is after December 31, 2024. However, it is the Parties' intent that the effective date of this Agreement is January 1, 2024. NOW, THEREFORE, in consideration of the mutual promises set forth herein, it is agreed as follows: 1. SERVICES AND DUTIES. The SBDC agrees to provide the business services, programs and regular reporting requirements as outlined in Exhibit A, Scope of Services, attached hereto and incorporated herein. Contractor shall not endorse or campaign for anyone running for elected positions in the City. 2. COMPENSATION. The SBDC agrees to provide the services described in Exhibit A of this Agreement. The City will provide $70,800 to compensate the SBDC for the services to be provided under this Agreement. The City shall pay said $70,800 in twelve (12) equal installments of $5,900 each, to be made no later than the 10th day of each month during the term of this Agreement. The Compensation is inclusive of all costs of whatsoever nature associated with the SBDC's efforts, including but not limited to, salaries, benefits, expenses, overhead, administration, profits, and outside consultant fees. The Scope of Services and payment therefor shall only be changed by a properly authorized amendment to this Agreement. No City employee has the authority to bind the City with regard to any payment for any services which exceeds the amounts payable under the terms of this Agreement. 3. TERM. The term of this Agreement shall begin January 1, 2024 and end December