Resolution approving the 2018-2019 Cooperative Agreement with Team Volusia Economic Development Corporation (TVEDC) in the amount of $32,769.  The amount is calculated using the City’s population per U.S. Census data times the .50 per capita rate charged to each respective TVEDC member and is an increase of $500 from fiscal year 2017-2018. Per the agreement, TVEDC will provide economic development services related to recruiting new businesses, retaining existing businesses and facilitating business expansions in Daytona Beach.  TVEDC will account for the use of these funds as measured by reports on its activities, including any programs, goals and accomplishments.  Funds available in the General Fund.

Recommendation:  City Manager recommends adoption of the Resolution.