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HomeMy WebLinkAboutUniversity of Central Florida Winter Springs Incubator Economic Development Funding Agreement - 2010 10 01 UCF/WINTER SPRINGS INCUBATOR ECONOMIC DEVELOPMENT FUNDING AGREEMENT THIS ECONOMIC DEVELOPMENT FUNDING AGREEMENT ("AGREEMENT") is made and entered into this I" day of October, 2010 ("Effective Date"), by and between the CITY OF WINTER SPRINGS, FLORIDA, a Florida municipal corporation ("CITY") and THE UNIVERSITY OF CENTRAL FLORIDA, acting for and on behalf of its Board of Trustees and for the benefit of the UCF Business Incubator—Winter Springs, a public university existing and operating under the laws of the State of Florida, whose address is 12201 Research Parkway, Suite 501, Orlando, FL 32826 , hereinafter referred to as the("UCF"). WITNESSETH: WHEREAS, it is the desire of the City to aggressively stimulate economic growth in the City by attracting new industries and businesses to the City, by encouraging the expansion of existing industries and businesses within the City, and by fostering the creation and growth of new industries and businesses in the City; and WHEREAS, the creation of new employment opportunities for residents of the City and the increased tax revenues resulting from such industry or business expansion and relocation within the City is beneficial to the local economy; and WHEREAS, UCF desires to continue support for the business development incubator in Winter ;a Springs,Florida; and WHEREAS,the business incubator currently serves as a business development program for new and growing businesses in Winter Springs and Seminole County; and WHEREAS,the UCF/Winter Springs business incubator facility is located within the City of Winter Springs at the Vistawilla Office Center located on State Road 434; and WHEREAS, in furtherance of maintaining the Winter Springs business incubator program within the City of Winter Springs, UCF has requested a financial contribution from the City to defray the on-going maintenance costs associated with the UCF/Winter Springs incubator; and WHEREAS, the City desires to make the financial contribution in furtherance of the municipal purpose of enhancing and expanding economic activity within its jurisdictional borders under section 166.021(9), Florida Statutes; and WHEREAS, the parties recognize, this Agreement is necessary to ensure that the financial contribution provided by the City to UCF ultimately serves the intended municipal purpose; and WHEREAS, the parties agree that the Agreement provided by the City hereunder is for the benefit of the public health, safety, welfare, and convenience of the citizens of the City of Winter Springs and Seminole County, Florida. NOW THEREFORE, in consideration of the mutual promises and covenants herein, and other good and valuable consideration which the parties agree has been exchanged and received the parties agree as follows: Economic Development Grant Agreement University of Central Florida—Business Incubator Program Page 1 of 5 1.0 Recitals. The foregoing recitals are deemed to be true and accurate and form a material part of the agreement upon which the parties have relied. 2.0 Definitions. For purposes of this Agreement, the following terms and words shall have the meaning ascribed to them, unless the context clearly indicates otherwise: (a) "Effective Date" shall be October 1, 2010 and it shall be the date on which this Agreement shall go into effect.The Agreement shall not be effective against any party until said date. (b) "Grant" shall mean the monies paid by the City to UCF in accordance with paragraph 4.0 of this Agreement. (c) "Work" or "Municipal -Services" shall be used interchangeably and shall refer to the performance of the services outlined in paragraph 5.0 of this Agreement. (d) "Wrongfully Expended Funds" is defined in paragraph 11.0 of this Agreement. 3.0 Engagement.. The City hereby engages UCF and UCF agrees to perform the Municipal Services outlined in paragraph 5.0 of this Agreement and under the terms and conditions herein. 4:0 Payment of Grant Funds. Upon execution of this Agreement, the City agrees to pay to UCF Two Hundred Twenty Five Thousand and No/100 Dollars($225,000.00). The payment shall be in equal annual installments of Seventy Five Thousand and No/100 Dollars ($75,000.00), subject to annual budget and appropriation by the City Commission pursuant to Section 20.0 of this Agreement. The first installment shall be due upon the Effective Date.The payment provided hereunder shall be used :1 by the UCF to defray costs incurred in operating the Winter Springs business incubator at the Vistawilla Office Center. :7 Payment shall be made payable to the University of Central Florida and remitted to the attention of Mr.Edward Jacobs, 12201 Research Parkway, Suite 501,Orlando, Florida 32826. 5.0 Municipal Services. The UCF agrees to commit to the City that it will operate the business incubator program within the City of Winter Springs for a minimum of three (3)years from the Effective Date provided the annual payment is made in accordance with Section 4.0 of this Agreement. The business incubator program shall be located in a minimum of 10,000 square feet of office space at the Vistawilla Office Center on State Road 434. 6.0 Progress Reports.Upon request by the City, UCF shall submit a written progress report(bi- annual or annual) as to the status of the business incubator program set forth in this Agreement. The report shall provide sufficient and reasonable detail regarding the expenditure of the funds provided by the City hereunder, as well as the status and success of the business incubator program. If the detail is not sufficient in the City Manager's reasonable discretion to permit the City to determine compliance with this Agreement,the City may seek more reasonable detail from UCF. 7.0 Compliance with Laws. UCF shall be responsible for complying with all applicable laws, ordinances, rules, regulations, and lawful orders of any public authority regarding the location and operation of the Winter Springs business incubator program. 8.0 Work is a Private Undertaking. With regard to the location and operation of the Winter Economic Development Grant Agreement University of Central Florida—Business Incubator Program Page 2 of 5 Springs business incubator program, it is specifically understood and agreed to by and between the parties hereto that the contractual relationship between the City and the UCF Provider is such that UCF is an independent contractor and not an agent of the City. UCF, its contractors, partners, agents, and their employees are independent contractors and not employees of the City. Nothing in this Agreement shall be interpreted to establish any relationship other than that of an independent contractor, between the City, on one hand,and UCF, its contractors, partners, employees, or agents, under this Agreement. 9.0 Compliance Monitoring UCF agrees that City control and monitoring of the Grant being provided hereunder is necessary to insure that UCF is expending said funding in furtherance of the municipal purposes declared by the City in this Agreement. 10.0 Audit and Inspections. UCF agrees that any records with respect to UCF's expenditure of the funds provided under this Agreement shall be made available to the City, at anytime during normal business hours, as often as the City deems necessary, to audit, examine, and make excerpts or transcripts of all relevant data. Any deficiencies noted in audit reports prepared by the City must be fully cleared by UCF within thirty (30) days after notice of said deficiencies by UCF. Failure of UCF to comply with the above audit requirements.will constitute a material breach of this Agreement and may result, at the sole discretion of the City, in the withholding of future grants or funds or immediate return to the City of the Grant provided by this Agreement. 11.0 Representation and Warranties Regarding Grant. UCF represents and warrants that it shall use the Grant received from the City under this Agreement for the sole purpose of defraying the on-going cost of operating a business incubator program as provided under Paragraph 5.0 herein. In the event UCF fails to expend the Grant for said purpose (Wrongfully Expended Funds), UCF shall fully reimburse the City the Wrongfully Expended Funds, plus interest calculated at maximum rate allowable under Florida law per annum. If the City must take any legal action to collect any Wrongfully Expended Funds, UCF shall be liable for all costs incurred by the City to collect such Funds including, but not ;j limited to, reasonable attorneys fees, filing fees, and other costs. 12.0 Promotion of Business Incubator. Either party may issue news releases, public announcements, advertisements, or other faults of publicity concerning its efforts in connection with this i Agreement. 13.0 Constitutional limitations; Severability. The terms and conditions of this Agreement placed upon the City are applicable only to the extent they are within and consistent with the constitutional and statutory limitation of the authority of the City. Specifically, the parties acknowledge that the City is without authority to grant or pledge a security interest in any of the City's revenue unless approved by the voters of Winter Springs in a duly held election for that specific purpose. Should any paragraph or any part of any paragraph of this Agreement be rendered void, invalid, or unenforceable by any court of law, for any reason, such a determination shall not render void, invalid,or unenforceable any other paragraph or any part of any paragraph in this Agreement. 14.0 Choice of Law Venue. This Agreement has been made and entered into in the State of Florida,County of Seminole, and the laws of such state shall govern the validity and interpretation of this Agreement and the performance due hereunder. The parties agree that venue shall be exclusively in Seminole County, Florida, for all state court actions or disputes which arise out of or based upon this Agreement, and in Orlando, Florida for all federal court actions or disputes which arise out of or are based upon this Agreement. 15.0 Integration; Modification. The drafting, execution, and delivery of this Agreement by the Parties has been induced by no representations, statements, warranties, or agreements other than those expressed herein. This Agreement embodies the entire understanding of the parties, and there are no Economic Development Grant Agreement University of Central Florida—Business Incubator Program Page 3 of 5 further or other agreements or understandings, written or oral, in effect between the parties relating to the subject matter hereof unless expressly referred to herein. Modifications of this Agreement shall only be made in writing signed by both parties. 16.0 Attornev's Fees. Unless otherwise provided herein, each party agrees to bear their own attorneys fees and costs in furtherance of this Agreement. 17.0 Headings. All headings in this Agreement are for convenience only and shall not be used to interpret or construe its provisions. 18.0 Waiver. Any waiver by City of any breach or violation of UCF's obligations under this Agreement shall not be construed as a continuing waiver or consent to any subsequent breach or violation. 19.0 Notices. Communication and details concerning this Agreement shall be directed to the following contact representatives: City of Winter Springs: Attn: Kevin Smith,City Manager City of Winter Springs 1126 E. State Road 434 Winter Springs,Florida 32708 (407)327-5957 with copy to: Anthony A. Gar anese, City Attorney P.O. Box 2873 Orlando,Florida 32802-2873 407425-9566 University of Central Florida: Attn: Kim Smith UCFRF of Central Florida Office of Research &Commercialization 12201 Research Parkway, Suite 501 Orlando,Florida 32826-3246 (407) 823-3062 The foregoing addresses and representatives may be amended by any party at any time during the term of this Agreement by providing the other party written notice of said amendment. 20.0 Termination: Termination by Parties. This Agreement shall terminate three years (3) from the Effective Date, unless sooner terminated by the City or UCF. The City may terminate this Agreement if UCF fails to operate a business incubator program as required hereunder. If the City terminates this Agreement under such circumstances, any funds provided by the City shall be repaid to the City.The City may also terminate this Agreement if the City Commission elects(at its sole discretion) during the City's annual budget adoption process not to budget and appropriate the annual installment payment required under Paragraph 4.0. UCF may terminate this Agreement if the City fails to make the payments required under Paragraph 4.0. Economic Development Grant Agreement University of Central Florida—Business Incubator Program Page 4 of 5 21.0 Indemnification and Hold Harmless. Each party to the Agreement is responsible for all personal injury and property damage attributable to the negligent act or omissions of that party and officers, employees, and agents thereof. The parties further agree that nothing contained herein shall be construed or interpreted as denying to any party any remedy or defense available to such parties under the laws of the State of Florida, nor as a waiver of sovereign immunity of either party beyond the waiver provided for in Section 768.28,Florida Statutes. 22.0 Assignment, This Agreement and the Grant provided hereunder shall not be assigned by the UCFRF without the prior written consent of the City. 23.0 No City Obligation for Future Funds. No provision in this Agreement shall be construed as requiring the City to provide additional funds for business incubator program in the future, other than as specifically provided herein.. IN WITNESS WHEREOF,the parties have executed this Agreement on the dates indicated below. CITY OF WINTER SPRINGS UNIVERSITY OF CENTRAL FLORIDA vin L. Smi , City Manager Dr—Tlroms O'Neal, Vice President i i Economic Development Grant Agreement University of Central Florida—Business Incubator Program Page 5 of 5 COMMISSION AGENDA Consent Informational ITEM 600 Public Hearing October 11, 2010 Regular X Meeting & aA,_ gr. / Dep Authorization REQUEST: The City Manager and the Community Development Department requests the Commission consider the request from the University of Central Florida Incubator for funding for FY 10-11, FY 11-12, and FY 12-13 in an amount not to exceed $75,000 per year. SYNOPSIS: In July 2007, the City Commission approved a grant to the UCF Incubator in the amount of$200,000 (Agenda Item 600, July 23, 2007 City Commission Meeting). The City's grant was in concert with a $900,000 commitment over three (3) years from Seminole County and a$30,000 commitment over three (3)years from the Florida High Tech Corridor Council. UCF is now requesting $75,000 per year for FY 2011-2013 which represents an extension in the funding support from the City. UCF has also requested additional funding from Seminole County as detailed on Attachment D. The Incubator has been open since February 2008 and has 14 current companies and has graduated 5 companies. CONSIDERATIONS: Many of the Incubator's current and graduated companies are involved in software, communications, military applications, and computer-based technologies. These businesses in conjunction with the on-going efforts of the Incubator are a good compliment to the current economic development efforts of the City relative to the Semetech project and the overall economic development vision for the Greeneway Interchange District. The City of Oviedo is considering a partnership with the City of Winter Springs for half of the $75,000 annual funding level. If this partnership is formally approved by the Oviedo City Council, the City of Winter Springs would be providing $37,500 annually for the three year time frame. FISCAL IMPACT: The fiscal impact of this request is a total of$225,000 over the next three (3) years ($75,000 each year). If the Oviedo partnership is approved, this impact would be reduced by half, or$112,500. October 11.20 10 Regular Item 600 Page 2 While the City's current budget(2010-2011)contains the first year funding of$75,000, Staff wanted to make the Commission aware of the potential partnership with the City of Oviedo and the resultant decreased impact to the current budget. Any commitment beyond FY 2011($75,000) would be subject to budget appropriations in FY 2012 and FY 2013. These funds, if approved, would come from Economic Development reserves. COMMUNICATION EFFORTS: The Commission Agenda has been posted on the bulletin board outside City Hall, on the City's electronic sign; the agenda is electronically posted according to the City Clerk's procedure. RECOMMENDATION: Staff recommends that the City Commission approve the request of the UCF Incubator and authorize the City Manager and the City Attorney to prepare and execute all appropriate documentation, including the possible inclusion of the City of Oviedo if the partnership iso approved by the Oviedo City Council. ATTACHMENTS: A UCF Incubator—Facts Summary of Economic Impact B Winter Springs Incubator Current Client Companies and Graduated Companies C UCF Incubator Occupancy History D UCF Incubator Proposed Budget 2010-2013 E UCF Incubator Projected Expenses r ATTACHN ENT A It H UNIVERSITY OF CI?rTRAI. FI.URInA BUSINESS INCUBATION PROGRAM UCF INCUBATOR—SEMINOLE COUNTY/WINTER SPRINGS FACTS SUMMARY OF ECONOMIC IMPACT Open Since: February 2008 Size: 10,800 sq ft Incubator Partners: UCF,Seminole County, City of Winter Springs, Florida High Tech Corridor Council, Oviedo-Winter Springs Regional Chamber of Commerce Current Incubator Companies: 14 Current Occupancy Rate: 68% Industries Represented: Technology/Software Development,Construction, Electronics, Medical, Professional Services, Information Security,Telecommunications Current Employment by Incubator Companies: 82 Avg. Employee Annual Salary: $70K - 2009 Cumulative Payroll: $5.9M 2009 Cumulative Revenues: $10M Investment Funding Secured by Companies: ' $4.55M SBIR Grants Awarded to Companies: $650K Graduated Incubator Companies: 5 Graduate Employment to Date: 45 2009 Avg. Employee Annual Salary: $65K 2009 Cumulative Payroll: $3.8M 2009 Cumulative Annual Revenue: $675K Sq. Ft. Occupying: 10,500 Investment Funding Secured by Graduates: $11M Past Incubator Companies: 5 Past Incubator Company Employment: 16 Avg. Employee Annual Salary: $52K 2008 Cumulative Annual Revenue: $420K ATTACHMENT B WINTER SPRINGS INCUBATOR CURRENT CLIENT COMPANIES: ✓ ADD Semiconductor is a world leader in the development of low cost and high efficiency systems on a chip (SoC) for communications and digital signal processing applications. ✓ Advanced Technologies, Inc. develops military and government software, and is currently developing open source intersection control logic under contract to the US Department of Transportation. ✓ Aquiline Group is a full service public relations and consulting firm dedicated to the.peak performance of private & public companies. ✓ BDG Construction Services is a general contractor whose recent contracts include splash parks for City of Winter Springs and City of Orlando, Florida Hospital medical offices, various local restaurants. ✓ Datanautix, Inc. enables organizations to drive breakthrough operational improvements in their call center and back office operations using innovative analytical tools and data. ✓ ERP Consulting Exchange is an online community of professionals who consult to companies that use enterprise resource planning software. ✓ Global-ENC is dedicated to serving the computer and security needs of Non-Profit Organizations, area Businesses, and Government Agencies. ✓ Greensleeves LLC is a building energy systems integrator that delivers proven HVAC and lighting systems that conserve capital, protect the environment, and reduce the costs and risks of acquiring and operating building heating, cooling, ventilation and lighting systems. ✓ iMedla Reach'" provides complete SMS mobile marketing services and text message campaigns for Orlando, Tampa, Jacksonville, Miami, across the state of Florida, and Nationwide. The company specializes in reaching and engaging audiences with Consumer Messaging, Event Messaging and Alert Messaging services. ✓ NR Electronics, LLC procures and distributes obsolete and hard to rind electronic components. Recently awarded SBA 8(A) certification. In process of hiring engineers and operations personnel. ✓ Primal Innovation specializes in software development for military applications. Recently awarded a $2.SSM contract with Department of the Army. ✓ Reliant Lab Diagnostics, Inc. offers highly specific, expert consulting and management services to the Physician Office Laboratory market, the Independent Laboratory market for certain small to mid-sized medical facilities, the skilled Nursing and Assisted Living Facilities, and Dialysis Centers that wish to establish their own in-house laboratories. ✓ Roble Learning Center offers small-group SAT classes and one-on-one tutoring in a variety of subjects. ✓ The Patent Guild provides patent services and product development support to businesses and individuals. WINTER SPRINGS INCUBATOR GRADUATED COMPANIES: ✓ Spectrum Bridge provides new wireless communication system technologies that enable the real time identification, leasing and utilization of available radio spectrum. ✓ Plus One Solutions enables service organizations to improve the quality and coverage of their service provider networks. ✓ Now Marketplace helps businesses make the transition to online advertising easily and seamlessly, while utilizing the provided content to populate a portal web site.' ✓ Piromas LLC is a multimedia company, which has developed a multimedia content provider and affinity-based online platform, www.BlackMediaStream.com. ✓ Great Southern Insurance Brokerage is a full service commercial lines insurance broker with a focus on coverage options for healthcare and legal professionals. ATTACHMENT C; OTOZ/T/S OTOZ/T/b OTOZ/T/£ OTOZ/T/Z N j OTOZ/T/T 6002/T/ZT �i. 600Z/T/11 CL 600Z/T/OT ' 600Z/T/6 C ' 600Z/T/8 i 600Z/T/L i 600Z/T/9 C .�Oa 1 6002/T/5 i 6002/T/b 600Z/T/£ i d V i + 600Z/T/Z c O ' C m � 600Z/T/i c 8002/T/Zi 800Z/T/TT 8002/T/OT ' I 800Z/T/6 im 800Z/T/8 i 8002/i/L 800Z/T/9LJ. I i ' 800Z/T/S V 800Z/T/b 800Z/T/£ 8002/T/Z 800Z/T/T 0 Im 00 r- . ATTACHMENT D UCF INCUBATOR -SEMINOLE COUNTYIWINTER SPRINGS PROPOSED BUDGET 2010-2013 TOTAL Ma 10-A r11 Ma 11-A r12 Ma 12-Apr13 Ma 10-Apr13 INCOME Funding-Seminole County 240,000 240,000 240,000 720,000 Funding- City of WS 75,000 75,000 75,000 225,000 Fundi -FHTCC 10,000 10,000 10,000 30,000 UCF Contribution 60,334 45,134 33,734 139,202 Rent Income 84,000 96,000 108,000 288,000 Misc. Income- 6,000 10,000 10,000 26,000 TOTAL INCOME 475,334 476,1341 416,7341 1,428,202 EXPENSES' _ _ ___ Equipment&Furniture _ 14,164 1_4,164 _ 1.4,1_64 42,492 Facilities- Maint. &Materials 7,400 7,400 7,400 22,200 Facilities - Rent&Oper Costs° 221,400 221,400 221,400 664,200 Indirect& Management Fees - 20,750 21,550 22,150 64,450 Marketing& Promotionse 6,000 6,000 6,000 18,000 Office Materials&Supplies 3,120 3,120 3,120 9,360 Salaries&Fringe Benefits 144,000 144,000 144,000 432,000 Subscriptions& Memberships 1,000 1,000 1,000 3,000 Travel 7,800 _7,800 7,800 23,400 Utilities_ _ 14,700 _ 14,700 14,70_0 _ 44,100 Management Oversight 35,000 _ 35,000 35,000 105,000 TOTAL EXPENSES 475,334 476,134 476,734 11,428,202 BALANCE 0 0 0. 0 NOTES: -- 1- OTES: _1-Rent Income assumes_70_%, 80%, and 90%occupancy, respectiveli 2-Misc. Income comprised of conference room rentals_and extra copies 3-Expenses based on historical data _- _ T 4-Rent for Yrs 1-3 assumes re-negotiated fixed rate of$20.50sf, incl. CAM,with no annual increase. This represents a 3-yr total rent decrease of$109k. 5- Indirect/Management Fees based on 5%of income 6-90%is shared cost of UCFBIP marketing programs 7-Sala + Fringe Benefits for Site Manager&Program Coordinator 8- Includes 2 office phones + 2 staff cell phones 9-Prorated salary/fringe benefits for executive oversight&strategy consulting, Gordon Hogan &Tom O'Neal. Revised:06ma 10 A TAUMVIEN T E UCF INCUBATOR -SEMINOLE COUNTY PROJECT EXPENSES: ACTUAL Year 0" Year 1 Year 2 Year 3 TOTAL Sep06-July07 Au 07•July08 Aug08Ju109 Aug09-ApH0 0006-April) INCOME Funding-Seminole County 0 300,000 300,000 300,000 900,000 Funding-City of WS 0 200,000 0 0 200,000 Funding-FHTCC 0 0 10,000 10,000 20,000 Rent Income 01 20,269 59,747 43,831 123,847 Misc.Income --01 0 855 2,718 3,573 UCF Contribution 0 65,508 65,508 65,509 196,525 TOTAL INCOME s0 $ 585,777 $ 436,110 $ 422,058 i 1,443,946 EXPENSES Buildout Costs 0 200,000 0 01 200,000 Equipment 8 Furniture 0 34,535 15,660 8,254 58,450 Facilities-Malnt.&Materials 01 29,878 8,582 4,183 42,643 Facilities-Rent&Operating Costs 0 1 243,750 _ 250,290 214,832 708,672 Indirect 8 Management Fees 01 10,913 12,055 26,185 49,153 Marketing 8 Promotions 0 2,109 5,964 215 8,288 Office Materiels&Supplies 0 5,823 3,780 1 279 9,881 Salaries 8 Fringe Benefits 01 118,915 133,345 72,601 324,861 Subscriptions&Memberships 01 596 1,521 708 2,825 Travel 0 4,924 6,085 2,752 13,761 Utilities 0 4,505 11,368 9,338 25,212 TOTAL EXPENSES $0 6 666,948 $ 448,649 i 339,3471 $ 1,443,946 NOTES: Actual includes Project Account&Research Foundation Account No Activity CRY OF WINTER SPRINGS,FLARmA MINUTES CRY COMMISSION REGULAR MEETING-OCTOBER 11,2010 PAGE 16 OF 22 Mayor Bush opened the "Public Input"portion of the Agenda Item. No one spoke. Mayor Bush closed the 'Public Input"portion of the Agenda Item. "I MAKE A MOTION TO APPROVE AS AMENDED." MOTION BY DEPUTY MAYOR BROWN. SECONDED BY COMMISSIONER HOVEY. DISCUSSION. MAYOR BUSH NOTED, "MOTION TO APPROVE WITH THE AMENDMENTS ANTHONY (GARGANESE)MENTIONED." VOTE: COMMISSIONER McGINNIS: AYE COMMISSIONER KREBS: AYE COMMISSIONER HOVEY: AYE DEPUTY MAYOR BROWN: AYE COMMISSIONER BONNER: AYE MOTION CARRIED. REGULAR AGENDA REGULAR 600. Office Of The City Manager And Community Development Department REQUEST: Requests The Commission Consider The Request From The University Of Central Florida Incubator For Funding For FY (Fiscal Year) (20)10{20)11, FY (Fecal Year) (20)11-12, And FY (Fiscal Year)(20)12-13 In An Amount Not To Exceed$75,000.00 Per Year. FISCAL IMPACT: The Fiscal Impact Of This Request Is A Total Of$225,000.00 Over The Next Three(3) Years ($75,000.00 Each Year). If The Oviedo Partnership Is Approved, This Impact Would Be Reduced By Half,Or$112,500.00. While The City's Current Budget (2010-2011) Contains The First Year Funding Of $75,000.00, Staff Wanted To Make The Commission Aware Of The Potential Partnership With The City Of Oviedo And The Resultant Decreased Impact To The Current Budget. Any Commitment Beyond FY (Fiscal Year) 2011($75,000.00) Would Be Subject To Budget Appropriations In FY (Fiscal Year) 2012 And FY (Fiscal Year)2013. These Funds,If Approved,Would Come From Economic Development Reserves. COMMUNICATION EFFORTS: The Commission Agenda Has Been Posted On The Bulletin Board Outside City Hall, On The City's Electronic Sign; The Agenda Is Electronically Posted According To The City Clerk's Procedure. CITY OF WINTER SPRINGS,FLORIDA MINUTES CITY COMMISSION REGULAR MEETING-OCTOBER 11,2010 PAGE 17 OF 22 RECOMMENDATION: Staff Recommends That The City Commission Approve The Request Of The UCF Incubator And Authorize The City Manager And The City Attorney To Prepare And Execute All Appropriate Documentation, Including The Possible Inclusion Of The City Of Oviedo If The Partnership Is Approved By The Oviedo City Council Commissioner Bonner mentioned that he had a conflict and would not be able to Vote. "I AM GOING TO MAKE A MOTION THAT WE APPROVE." MOTION BY DEPUTY MAYOR BROWN. SECONDED BY COMMISSIONER McGINNIS. DISCUSSION. VOTE: COMMISSIONER HOVEY: AYE COMMISSIONER McGINNLS: AYE COMMISSIONER BONNER: ABSTAINED COMMISSIONER KREBS: AYE DEPUTY MAYOR BROWN: AYE MOTION CARRIED. REGULAR 601. Office Of The City Manager And Office Of The City Clerk REQUEST: Request That The City Commission Make Any Ex-Officio Appointment(s)To The City's New "Bicycle And Pedestrian Advisory Committee", Which Was Approved At The August 23, 2010 Regular City Commission Meeting With The Ratification Of Ordinance 2010-06,If They So Desire. FISCAL IMPACT: There Is No Specific Fiscal Impact To These Appointments. However, Once The "Bicycle And Pedestrian Advisory Committee" Begins Meeting, Office Of The City Clerk's Staff Will Be Providing Administrative Assistance To The`Bicycle And Pedestrian Advisory Committee-". Such Costs Are Estimated To Be Approximately$3,076.00 Per Year, And Have Been Budgeted For Fiscal Year 2010-2011; With Funds Coming From Office Of The City Clerk Overtime Salaries (Line Code 1210- 51214). Community Development Department Liaison Staff Costs Have Been Absorbed Otherwise. COMMUNICATION EFFORTS: This Agenda Item Has Been Distributed To The Mayor And City Commission; City Manager; City Attorney; Department Directors; Placed In Press Packets; Placed In The Lobby Binder;And Will Be Available On The City's Website,LaserFiche,And The City's Server. RECOMMENDATION: The Mayor And/Or City Commission Are Being Asked Whether They Wish To Appoint Any Ex Officio Members(As Noted In Sec.2-43.,And As Shown On Page 2 Of This Agenda Item To This Committee,And If So,They Are Respectfully Requested To Do So. "KOK WAN MAH" NOMINATED TO SERVE AS AN EX OFFICIO MEMBER OF THE BICYCLE AND PEDESTRIAN ADVISORY COMMITTEE.TEE. MOTION BY DEPUTY MAYOR BROWN. SECONDED BY COMDIISSIONER HOVEY. DISCUSSION.