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Economic Development Retail Sales Tax Board <br />M E M O R A N D U M <br />TO:Economic Development Retail Sales Tax Board Members <br />FROM:Jodie Lloyd, Manager of Economic Development <br />DATE:May 12, 2017 <br />SUBJECT:Economic Development Retail Sales TaxQuarterly Reports, ThirdQuarter FY17 <br />CC:Andrea Riganti, Director of Community Development <br />Recipients of Economic Development Retail Sales Tax (EDRST) funds submitted second quarter <br />reports for projects and programs funded in FY 17. <br />In summary, thebudget approved by the EDRSTBfor FY 17was$550,000plus $100,000 for <br />administration.Six organizations received funds forshort and long term economic development <br />programs and projects. Organizations included the University City Chamber of Commerce, Loop <br />Special Business District, U City in Bloom, Midtown Farmers Market, theCity of University City’s <br />Department of Community Development, and the City’s Department of Public Works. <br />Below is the EDRST summary of thebudgetby applicant,project title, and remaining funds.In <br />addition, per the Board’s request, projects from previous years with remaining funds have also <br />been included in the budget summary and a quarterly report is attached. <br />ThirdQuarter reports for each project follows this memo. <br /> <br />