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4.A -2 <br />The additional funding basically covers building costs for the program, which is located at <br />900 Main St. in Downtown, and includes rent, utilities, maintenance, permits, alarm costs, etc. <br />Due to the current economic climate, class enrollment has increased 1.5 times over prior <br />years' performance. The program currently brings an estimated 100 people per day into the <br />facility for classes and business support services, including internet connections. The <br />Agency's assistance thus supports increased activity in the downtown, helps keep the <br />building occupied, and helps promote economic development. <br />The agreement is available for review in the City Clerk's office. <br />Alternative <br />1. The Agency Board could choose not to allocate the funds requested. <br />2. The Agency Board could choose to allocate a portion of the funds requested. <br />Fiscal Impact <br />The cost of this request is estimated to be $80,000 and is proposed to be paid from funds <br />allocated to "Economic Development" in the Redevelopment FY 02 -03 operating budget. <br />There is a balance of approximately $159,000 in that account. <br />Debb Jones- om s <br />Hous' g Coordinat r <br />s n Moeller <br />Redevelopment Manager <br />/n,6 <br />Ed Everett <br />City Manager <br />