HomeMy WebLinkAboutPR 22615: APPROVAL OF INVOICE FOR THE IMPACT DASHBOARD SUBSCRIPTION WITH IMPACT DATA DATASOURCE, LLC of
PORT*ARTHUR
ONOMIC DEVELOPMENT CORPORATION
INTEROFFICE MEMORANDUM
Date: June 21,2022
To: The Honorable Mayor and City Council
Through: Ronald Burton, City Manager
From: Krystle Muller,PAEDC Interim CEO ,
RE: PR 22615—Approval of Invoice#20210 for the Impact DashBoard subscription with
Impact DataSource,LLC,in an amount not to exceed$5,424.00
Introduction:
The intent of this Agenda Item is to seek City Council's approval for the Port Arthur EDC to approve
payment of Invoice #20210 for the Annual Impact DashBoard subscription with Impact
DataSource, LLC.
Background:
PAEDC has utilized the service of Impact DataSource, LLC over the last several years. Impact
DataSource, LLC provides important information to communities to make good decisions with
economic development resources. Specifically, Impact DataSource, LLC takes abstract factors
like number of jobs and capital investment and translate them into new tax revenues; producing a
bottom-line net benefit, where our community can evaluate ROI and make confident business
decisions
Budgetary Impact:
The budgetary impact of this item is $5,424.00, funds available in EDC Account
No. 120-80-625-5450-00-00-000.
Recommendation:
It is recommended that the City Council of the City of Port Arthur approve for the Port Arthur EDC to pay
Invoice#20210 for the Annual Impact DashBoard subscription with Impact DataSource, LLC.
P.R. 22615
June 8, 2022 JMC
RESOLUTION NO.
A RESOLUTION APPROVING AN INVOICE IN THE AMOUNT OF
$5,424.00 FROM IMPACT DATASOURCES,LLC OF AUSTIN,TEXAS,TO
THE PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION FOR AN ANNUAL SUBSCRIPTION TO PRODUCE
PROJECT ECONOMIC AND FISCAL IMPACT REPORTS. FUNDS
AVAILABLE IN ACCOUNT NO. 120-80-625-5450-00-00-000.
WHEREAS, the City Council deems it is the public interest to authorize the City of Port
Arthur Section 4A Economic Development Corporation (the "PAEDC") to subscribe to Impact
DataSource, LLC for project economic and fiscal impact reports; and
WHEREAS, Impact DataSource, LLC provides important information to communities to
make good decisions with economic development resources; and
WHEREAS, Impact DataSource, LLC takes abstract factors like number of jobs and
capital investment and translates them into new tax revenues and produces a bottom-line net
benefit, where our community can evaluate ROI and make confident business decisions; and
WHEREAS, the annual subscription fee for one year is $5,424.00 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 6 2022.
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 the PAEDC is herein authorized to pay to Impact DataSource, LLC an
amount of$5,424.00 as detailed on the Invoice attached hereto as Exhibit"A"; and
Section 2. 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., 2022, 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
APPROVED:
Krystle uller,Interim PAEDC C
APPROVED AS TO FORM:
'''ank rz: ' EDC Attorney
APPROV AS TO FORM:
Valecia R.Tizeno,City Attorney
APPROVED AS TO AVAILABILITY OF FUNDS:
Kandy Da iel, Interim Finance Director
Exhibit "A"
Impact DataSource, LLC • •
4709 Cap RockDrive ■ ■
'
impAcT
Austin,TX 78735US ■
' "' DataSource
INVOICE
BILL TO INVOICE 20210
Krystle Villarreal Muller DATE 05/23/2022
Port Arthur Economic Development Corporation TERMS Net 30
4173 39th St. DUE DATE 06/22/2022
Port Arthur,Texas 77642
United States
ITEM DESCRIPTION QTY RATE AMOUNT
Impact DashBoard Annual Subscription through May 31,2023 1 5,424.00 5,424.00
Please pay by check,ACH,EFT,or wire. BALANCE DUE $5,424.00
EFT Routing Number: 111000025
Wire Routing Number:026009593
Bank Acct#:586021924249
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.
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