Report Prepared by: Stephanie Dietz, Assistant City Manager
Title
SUBJECT: Waiver of Competitive Bidding Requirement for Professional Services and Approval of a Two-Year Agreement with Giftbar, LLC. in the Amount of $500,000 to be Allocated and Held in Trust by the Service Provider and Distributed in Accordance with the Terms and Conditions of the Program and Accept and Appropriate a Fiscal Sponsorship of $250,000 from the Central Valley Opportunity Fund, and Appropriate $287,000 from the Economic Development Opportunity Fund to Establish the Proposed City of Merced Gift Card Program and the Associated Administrative Costs
REPORT IN BRIEF
Considers establishing the City of Merced Gift Card Program through the approval of the Giftbar, LLC contract for services, authorizes the acceptance of a fiscal sponsorship and appropriation of $250,000 from the Central Valley Opportunity Fund, and considers the appropriation of $287,000 from the Economic Development Opportunity Fund to establish the City of Merced proposed Gift Card program and to cover the associated administrative costs.
RECOMMENDATION
City Council - Adopt a motion:
A. Authorizing waiving of the competitive bidding requirement; and,
B. Approving a contract for services with Giftbar, LLC in the amount of $500,000, to be allocated and held in trust by the service provider and distributed in accordance with the terms and conditions of the program; and,
C. Authorizing the acceptance of a fiscal sponsorship of $250,000 from the Central Valley Opportunity Fund and appropriating the same to Fund 074-Economic Development Opportunity Fund; and,
D. Authorizing the appropriation of $287,000 In fund 074- Economic Development Opportunity Fund to establish the proposed City of Merced Gift Card program; and,
E. Providing direction to staff on the make-up of the small, local business participants; and,
F. Authorizing the Finance Officer to make the necessary budget adjustments; and,
F. Authorizing the City ...
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