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Subject: (Direct Referral) Request by Gateway Technical College for review and approval of its 2015 Launch Box contract. (Res No. 15-0027)
Recommendation of the Redevelopment Authority on 01-12-15: That the Authority supports the use of $99,930.00 from the Intergovernmental Revenue Sharing Fund for the Launch Box small business development initiative contract for 2015.
Further, that the Mayor and City Clerk be authorized and directed to enter into the agreement with Gateway.
Recommendation of the Finance & Personnel Committee on 01-26-15: That the Mayor and City Clerk be authorized and directed to enter into the agreement with Gateway for the 2015 Launch Box Contract.
Fiscal Note: Total cost is $117,930.00. City's contribution is $99,930.00 and funds are available in the City's 2015 capital budget under account 919.000.5612. Gateway is providing funding totaling $17,070.00.