Laserfiche WebLink
CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />July 23, 2025 <br />Economic Development <br />IV.1 <br />TITLE OF ISSUE: <br />Presentation - Proposed 2026 EDA Budget <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />The Economic Development Authority (EDA) reviewed their 2026 budget at their last meeting, and they are requesting council <br />approval. The budget is $16,000 less than the budget that was passed by council for 2025. <br />The reduction in the proposed budget is based on a couple of factors: <br />The EDA only spent 75% of their budget in 2024 <br />The EDA requested the use of County HRA funds to cover partial costs the EDA's Revolving Loan and Grant <br />Fund instead of <br />EDA President Mark Remillard will be present to provide an overview of the budget and answer questions the council may have. <br />COST AND SOURCE(S) OF FUNDING: <br />N/A <br />REQUESTED COUNCIL ACTION: <br />Motion to approve the proposed 2026 EDA budget as presented. <br />For ClerkÓs Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />Vote Record: Aye Nay <br />_____ <br />2026 EDA Budget <br />Other (specify) ____________ <br />__________ <br />___ <br />_______________________________________________________ <br />_____ <br />_____ <br />__________Vacant_______________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br />19 <br /> <br />