GPEC FY 24

This contract is an agreement between the Town of Fountain Hills and the Greater Phoenix Economic Council (GPEC) for economic development services. The contract outlines the responsibilities of both parties, including GPEC's mission to attract and grow quality businesses and advocate for Greater Phoenix's competitiveness. The contract also includes provisions for payment, insurance, and termination. The Town of Fountain Hills agrees to pay $11,739 for services provided by GPEC during the fiscal year ending June 30, 2024. The contract includes several exhibits, including the GPEC Action Plan, GPEC Performance Measures, and Insurance Requirements. Key aspects of the contract include: • GPEC's responsibilities: attract and grow quality businesses, advocate for Greater Phoenix's competitiveness, and provide economic development services. • Town of Fountain Hills' responsibilities: provide staff support, respond to leads, and cooperate with GPEC. • Payment: The Town of Fountain Hills agrees to pay $11,739 for services provided by GPEC. • Insurance: GPEC must provide insurance coverage, including commercial general liability, automobile liability, and workers' compensation. • Termination: The contract can be terminated by either party with 30 days' written notice. The contract is for a period of one year, from July 1, 2023, to June 30, 2024.