Resolution 2021-91 - Laserfiche WebLink

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AGREEMENT FOR ECONOMIC DEVELOPMENT SERVICES 21st THIS AGREEMENT is made and entered into this day of Dec ei% 6.9r, 20 2-1 ("Effective Date"), by and between the City of Louisville, a Colorado home rule municipal corporation (the "City"), and the Boulder SBDC Foundation, a Colorado nonprofit corporation, d.b.a. Boulder Small Business Development Center ("SBDC"). WHEREAS, SBDC provides support services for the small business, including but not limited to training workshops, consulting, programming, and access to valuable resources; and WHEREAS, 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; and WHEREAS, the City Council desires to contract with SBDC for the SBDC's Services as further set forth in the Scope of Services set forth in Exhibit A hereto. NOW, THEREFORE, in consideration of the mutual promises set forth herein, it is agreed as follows: 1. SERVICES AND DUTIES. SBDC agrees to provide the services as outlined in the Scope of Services attached hereto and incorporated herein as Exhibit A (the "Services"). SBDC shall not endorse or campaign for anyone running for City of Louisville elected positions. 2. COMPENSATION. The City will pay SBDC a total not to exceed Fifty Thousand Dollars ($50,000) to compensate SBDC for the Services for each calendar year this Agreement is in effect (the "Compensation"). The City shall pay the Compensation in twelve equal monthly installments of $4,166.67 each, to be made no later than the tenth (10'') day of each month during the term of this Agreement. The Compensation is inclusive of all costs of whatsoever nature associated with 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 be from January 1, 2022 to December 31, 2022 ("Initial Term"), unless sooner terminated as provided herein. Following the Initial Term, this Agreement shall automatically renew for successive one (1) year terms, unless one party provides the other party with thirty (30) days' written notice in advance of the expiration of the then -current term of its intent not to renew for a successive term. Nothing in this Agreement is intended or shall be deemed or construed as creating any multiple -fiscal year direct or indirect debt or financial obligation on the part of the City within the meaning of Colorado Constitution Article X, Section 20 or any other constitutional or statutory provision. All financial obligations of the City under this Agreement are subject to annual budgeting and appropriation by the Louisville City Council, in its sole discretion. In the event of a non -appropriation, this Agreement shall terminate effective December 31 of the then -current fiscal year.