| | | | | | | |  |  | 5919 MAIN STREET . NEW PORT RICHEY, FL 34652 . 727.853.1016 |
| TO: | Members of the Community Redevelopment Agency | | FROM: | Debbie L. Manns, ICMA-CM, Executive Director | | DATE: | 3/18/2025 | | RE: | Memorandum of Understanding with New Port Richey Main Street, Inc. - Page 5 |
REQUEST:
The request is for the Board of Directors to authorize the Executive Director to enter into a Memorandum of Understanding with New Port Richey Main Street, Inc.
DISCUSSION:
In order to memorialize certain terms and responsibilities as it relates to the administration of the New Port Richey Main Street Program, a Memorandum of Understanding has been drafted for your review and consideration. The proposed agreement affirms the importance of a four point program approach and sets forth the performance requirements for both parties. If approved, the Memorandum of Understanding will be for a term of one year effective as of October 1, 2024 and will expire on September 30, 2025. As the Board of Directors will recall, the amount of funding for New Port Richey Main Street was increased from $25,0000 to $50,000 and approved by the Board when the FY 24/25 CRA Annual Budget was approved on October 1, 2024.
RECOMMENDATION:
Staff recommends that the Board of Directors authorize the Executive Director to enter into a Memorandum of Understanding with New Port Richey Main Street, Inc. as submitted.
BUDGET / FISCAL IMPACT:
Funding for this request is budgeted in the Community Redevelopment Agency budget account number 630080-43499. | | | |
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