HomeMy WebLinkAboutPR 21993: IMPACT DATASOURCE SUBSCRIPTION RENEWAL PoRT*ARTHIJR
ONOMIC DEVELOPMENT CORPORATION
INTEROFFICE MEMORANDUAM
Date: June 14, 2021
To: The Honorable Mayor and City Council
Through: Ronald Burton, City Manager
From: Floyd Batiste, CEO Port Arthur EDC
RE: PR 21993 —Impact DataSource Subscription Renewal
Introduction:
The intent of this Agenda Item is to seek City Council's approval for the Port Arthur EDC to
renew the annual subscription with Impact DataSource.
Background:
The Port Arthur EDC uses the software to produce Project Economic &Fiscal Impact reports to
aid in day to day operating decisions.
Budget Impact:
The annual renewal fee is $5,166.00 for a term of(1) one year. The subscription if approved, will
terminate May 31, 2022. The budgetary Impact of$5,166.00 will be funded via account#120-
80-625-5460-00-00-000.
Recommendation:
It is recommended that the City Council of the City of Port Arthur authorize the Port Arthur
EDC to pay invoice#19747 for$5,166.00.
PR No. 21993
6/10/2021 RJ
RESOLUTION NO.
A RESOLUTION APPROVING AN INVOICE IN THE AMOUNT OF
$5,166.00 FROM IMPACT DATASOURCES,LLC TO THE CITY OF PORT
ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION
FOR AN ANNUAL SUBSCRIPTION TO PRODUCE PROJECT
ECONOMIC AND FISCAL IMPACT REPORTS. FUNDS AVAILABLE IN
ACCOUNT NO. 120-80-62 5-5460-00-00-000.
WHEREAS,the City Council deems it is in the public interest to authorize the City of Port
Arthur Section 4A Economic Development Corporation ("PAEDC") to subscribe to Impact
DataSources, LLC for project economic and fiscal impact reports; and
WHEREAS, DataSources, LLC help communities make good decisions with economic
development resources; and
WHEREAS, DataSources, LLC takes abstract factors like number of jobs and capital
investment and translates them into new tax revenues; and
WHEREAS, DataSources, LLC will produce a bottom-line net benefit where our
community can evaluate ROI and make confident decisions; and
WHEREAS, the annual subscription fee for one year is $5,166.00 as detailed on the
invoice attached hereto as Exhibit"A"; and
WHEREAS,PAEDC Board of Directors reviewed and approved the invoice at its regular
meeting on June 7, 2021.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR, TEXAS:
Section 1. That the facts and opinions in the preamble are true and correct.
Section 2. That PAEDC is herein authorized to pay to DataSources, LLC an amount of
$5,166.00 as detailed on the invoice attached hereto as Exhibit"A"; and
Section 3. That a copy of the caption of this Resolution be spread upon the Minutes of the
City Council.
READ,ADOPTED AND APPROVED on this day of A.D., 2021,
at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote:
AYES:
Mayor
Councilmembers
NOES:
Thurman Bartie, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVE .
Floyd Batis e, PAE C CEO
#1873692 Page 2
APPROVED AS TO FORM:
Guy N. Goodson, PAEDC Attorney
APPROVED AS TO FORM:
Valecia R. Tizeno, City Attorney
APPROVED AS TO AVAILABILITY OF FUNDS:
Kandy DanieQ' Interim Finance Director
#1873692 Page 3
Exhibit "A"
Impact DataSource, LLC ■
4709 Cap Rock Drive .■■ I;
Austin, TX 78735 US no � � �
11.11111111■ ■a■ DataSource
INVOICE
BILL TO INVOICE 19747
Floyd Batiste DATE 05/04/2021
Port Arthur Economic Development Corporation TERMS Net 30
4173 39th St. DUE DATE 06/03/2021
Port Arthur,Texas 77642
United States
ITEM DESCRIPTION QTY RATE AMOUNT
Impact DashBoard Annual Subscription through May 31,2022 1 5,166.00 5,166.00
Please pay by check,ACH,EFT,or wire. BALANCE DUE $5,166.00
EFT Routing Number: 111000025
Wire Routing Number:026009593
Bank Acct4:586021924249
Bank of America,Oak Hill Branch
5725 Highway 290 West
Austin,Texas 78735
Bank of America's SWIFT Code for US dollar denominated wires is BOFAUS3N.
The SWIFT code for wires sent in foreign currency(non-US dollars)to Bank of
America in the United States is BOFAUS6S.
(5----/V/Z4e) /
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