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19-2917S:\Legal\Our pocuments\OrdinancesU9\City Chamber Ordinance clean.docx ORDINANCE NO. 19-2g 1 % AN ORDINANCE APPROVING AN AGREEMENT BETWEEN THE CITY OF DENTON AND 'I'HE DEN7'ON CHAMBER OF COMMERCE REGARDING AN ECONOMIC DEVELOPMENT PARTNERSHIP; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Denton ("City") deems it is in the public interest and serves a municipal and public purpose to enter into an agreement with the Denton Chamber of Commerce ("Chamber") for the purpose of providing for a program to promote economic development through the joint effort of the City and the Chamber; and WHEREAS, both the City and the Chamber's program to promote economic development supports the following strategic initiatives: increasing the percentage of jobs paying $75,000 or more annually from 10 to 14 percent by 2021; increase the percentage of jobs paying $25,000 or more annually from 68 to 71 percent by 2021; and increasing the percentage of business owners rating Denton as a good place to do business from 60 to 70 percent by 2021; NOW, THEREFORE; THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. City Council finds that the agreement between the City of Denton and the Denton Charnber of Commerce attached hereto and made a part hereof by reference (the "Agreement") serves a valid municipal and public purpose and is in the public interest. SECTION 2. The Agreement is hereby approved. The Mayor, or in his absence, the Mayor Pro Tem, is hereby authorized to execute the Agreement on behalf of the City of Denton. The City Manager is hereby authorized to carry out the City's rights and duties under the Agreement including authorization for the expenditure of funds provided for in the Agreement. �!_^:,�` � 1�.)�!„m 3. This Ordinance shall become effective January 7, 2020, upon its passage and approval. The rr�����.i������ ��w �����-��•���ac; t���� ��w•s�l���z��,���,�� �<�� �a��,���� ��w� _ ��"�����" � �^���� ���.��`� ��� �— �rr°��� ' . _,._. seconded by �,.�"�„��„�������_�'��� , the ordinance was passed and approved by �Ir��:� C��N�������u�r'�� v�r�� � �� . ��. � ��..]: Mayor, Chris Watts: Gerard Hudspeth, District 1 Keely G. Briggs, District 2: Jesse Davis, District 3: ,��c Nay �`'" � ��'' John Ryan, District 4: �_ � Abstain Absent Deb Armintor, At Large Place 5: Paul Meltzer, At Large Place 6: � �� PASSED AND APPROVED this the ATTEST: ROSA RIOS, CITY SECRETARY � �w � �°� BY: ��� � � ��� �w�� �., � �� � �. , � . ,_ � �� �...� � �...� APPROVED AS TO LEGAL FORM: AARON LEAL, CITY ATTORNEY � �,�' � � ,�� � � �� � BY: �����,..���"� �������� � �, da of � , ��� y ���`����"�`����� .., 2020. ��� �� � �,,��� � �� ����« �„ �µ� �,�� �� �� � ....� . CHRIS WATTS, MAYOR Page 2 � ! 1 I' '� � • ; � 1 ! • 1 � � �' i 1 � ' . .. . ,*- +- -- � R � - . . ► �- * •- # � - . . �- ♦; r •# � • r � � � . � �_ • � � - - • a � - -� � �, � � - • - � � � � - � . ����� � - - - ♦ � � ���� w - . ���� � � - , ������ �• . . � � � �• �: � 1 � � ! , � . . * . .. . � - . �� . . , • - w � �;. . *� - , , .� �, . . ' - •- • • � �- - �� � , �- � � - ♦ I: � , � � � - . r- . • r - - • � �. - - � � . � .� . - - . � - �,- . � � • • - � . -.,, 1 • 1 - . �- . � .� � � � `� • .�,` ` �� # ! ., -. r� . � .� , � .� 1 ' 1 • � �- - •• - � ' . . . - . . � +- � . # � ���� ~ ' ���� . • ���� � • - ��� - ����, � � � w ;, �� . - - • • . _ � � . . 1 1 . .- � • � - - _ , . � # � _ � � • ���� . � - - � �� - � . . � - w . �� � - •��� , • . _ . ,� • .� , -� • w . -�. # - r �� �� - 1���� 1� � •�,�# �^ � �. A •,• •�- . -• . . �� ��-�. .��' . ��' `+���, `• �# -� . ����` ;` ' � ��' .� • . t . �` `� w�� ` � ��# ���� � `��• � ' -', ' ` . ����' . �� ` ��� - . -�-� - � . . - . + � # . r - - -� . • - •'r . . . �- - .� ` . • _ * . . . . �. � . � •' • . • . � ' • . -. ♦ . � - ' - � � . •- � . � _ _ ,, ' � � . # ' - � #w. 1 1 ,� 1 ' 1 � I � � � � '�� • � � _ _ - � � ! ��� . ♦ * r ���� � • " ` �' `'� � ! �I i ' 1 � • •�� �"�� �� � � � �'� • � � '', ' ' � ,`�� i � # � � �'� w • . �' � '#• •� � w ,. � . �,, - + � .* . .',� . 1' # f� • `• �', • i � � - . --• �� wr- � w � �' < � • 1 1 � � !-, . �� . . • �' � �� , . -� - -� w . •���. • s � . - � � . . . . . � ��� �. . -� 1 ' 1 1 � � �- w� � _ ' . . •'. �� � , • - . , .� �_ . . . ,��� � . .. • � � !- - �• • • , w • r• •. 1 ' � � .� . . . . , � •- - -r� � � , • w ��• � - . •- � w . . � : �_. .. � . ,. . , �. • � r-• • - � - � # � + �� . *• ,. + . . + - -; � - • � �- . �. � � , i 1 . � 1 1 1 � � • ' •i • "' � • � � ' • • • ' � � • ' � • �. . * � ' �" � -r' � l' • �' 1"!' '• " , ' #' � � i# 1 � � � � + � + �. � ; . . � � * • �, � �' � � �' � ., . / " � ! � 1 / ' ' � � . . � � • l �� . . # 1 •' � .' ! • .' � •�'� ' � ', ' �'#. . . • ' . � � ., . , . . � � . 1 . � � � � � # /' '.�• ' � � . � �.' • • •.� '+ . � - • � � ! / �• � • -� '�• � " � ' •" �� # * •�' � � ! � � � � 1' • .. � • � � •�� ' � ", ��• . . � . � w' � �. . �� . � . �• •• � � � � � # # /" ' +� ' � � � � • ' • � � ' � � � I �', • �' � � . � � ♦ ' • • '�#: r' �" ! . '� �' . � •f. ' !1 � ��• '�� ' c . f' �' "�•'� � " • '� ., � • �'� # # � ' �• . + � . • •"' • � !'• � � � , + .. �-' � E. Quarterly Reviews. The City and the Chamber will conduct joint quarterly reviews of the efforts of Chamber staff to execute an the 2019-2020 Econamic Development Work Plan. The reviews will include, but are not limited to: 1. Discussion and evaluatian of the previous quarter's monthly reports; 2. Discussion and evaluation of the status of any and all major recruitments or ongaing projects; 3. Discussion and evaluation of any resources or assistance needed from the City to achieve the shared goals outlined in the 2019-2020 Economic Development Wark Plan; and 4. Discussion and evaluatian of the metrics and targets outlined in the 2019-2020 Economic Development Work Plan. � _• , . , , . , �. , , � .. � # _ . . . . . � � � ' , � , � . . � - . � , • � . . � . , � . - - � � ! - - � - . - + ' . • . . � � . . . . . , , � _ . _ _ . . - - . . # - ! - � � � � t- - �, - , •- - � . �• . • . �- � � # �- - •� - . • . • � �- - #• . +-�. �• � �• � # -� . ,. r- �- .� . •- ♦ . �' � � � - . •" . � . �- � . # ., � ., .' •' #'' �- -• - ♦ � --' � ,�- � . � •' • �' # ! "' ' • �. � •' . • • • f ` • � • � � • �' ' � •+ . � � . � . � � '' � . �' �' • ' � • � • f . . � • ' ♦ [ #' ' ! � • ' . ' � � � •' ' • � . 1 • � � ' . . • " f. ' � ! " � •' .' ! # ` � � ' • •` • • � ' • .' # •' ' # . • � � • . � � ..,. . . � ' � � � ' � #� �� # . . . �'', � �� + • " � �"'�. ♦�� 0 ! `�� � ' ' � •' • ���` �' � � • !� ' ' . ' ! + ' � � �+ _ �'!�'� . � `� � '�' � �• ' " � ' ' +, � � �,'' ' � � ' - - • • , ' ! ' r�' � . •I � �f •' •',� �'•' � ' #' �' ,'� / ' ' # ! � � ' / ` � � � ; � ' i�; � � �� � � �' � �' , � ` ` '� � � �^ � � �. � � � , r . � � , � • � �� . �� � .; .� � . . '� � ; � i ; . � � � � � ' � � � � , � �; � � ,, � , . , i � � � ., � � ! ` ► � � , r � . ► � � � • ' � a ► ;: ' ' 1 � � ,.,,1 ! ' .. � a; � � .,..� / ,, � ' ..,, / ,: � a. � � ..., 1 a ; ,��.. �;: � ... � ��/ �` � ��... � ��,: � ��, J. Term of Agreement. This Agreement shall be effective from October 1, 2019, through June 30, 2020. � i � . � . ��� . . • : -��- - � � � � . �� � -� ,� � - � . # . ��� 1 • � ���� .� � . � -� � -� - . � � ��� • . - . ��� . - • -� �� � - • � � r � •.� • . � �. . . � . .. � � - �. - - � � � . �• w, . . •. . , ���� � . � . . . � _ - , • _ � � _� ��-� �-��• ���� � + --�, . �. . � � � . . , ._ . � .� . . . •- � •- . � ` � . � � � - � . � . .� �., ��, . . , . . , - .�� - � - . . � � . . . � - _ . -�� ���i . � � . �' �• �-�� .�� � -, r .� -- �- � . �, .� ., .. . � r. ��', .�; � _ � .� _ ����� ., �, . _ . . ��.� � - . � . ��. �- , � . �� - • � � � • ���� ��� � �� � w � � � � � �� ' � - � • � � .� � •• . . � � . � - � � � � � ��, � � ` = .. . I� � � , . .. . �. � . . �, . � . , . � . � . � • - w � -� ��'�� . -� . � - - ��� . ��� , � # _ � � + -. . � � - . . . � . . . - � • . . � . �' •- -•� � w .�. . � � � . � , . 1 , � • � . � � � � ' � �- .� •+�� . . • w; ��- • ���� - *��� . . � # ��� ��� � ,� � . � . ��� ' + a � � � - � -. � t . . ... . s�� . �� ' � � . . � � _ � _ . . � . �? EXECUTED this the ��°�° � _ day of �� � � `�'����°,��'��„�� �� , 2020. p� �, CITY OF DENTON �� � �� � � �°� ,��°'� � �'",���' � , �� � �.w �' _ ... . CHRIS WATTS, MAYOR ATTEST: ROSA RIOS, CITY SECRETARY � ���� r '" ` � y � �" o k� � r, 4 . h � @, w � ,� p ,� W � uwd ��„., I �'^� I� Y� �! ( L t � � A l �t W BY, ��..� �W r� � �' � � � �, � ,_� ,� � ._ � ��".�'� ..�t� .r_..� � �" '�m .. . � �`, �a a� .� � m. � �;� ��� ti �� � ��� ��� � � � �, �� �� � � �u� � � � THIS AGREEMENT HAS BEEN `°� � "�""�'- `� BOTH REVIEWED AND APPROVED As to financial and operational Obligations and business terms. Title �;�w ��.:� ��a'�,-i- �� � �ar���°���� � �� ���'��".. ���,����_,�,.,,.. a. � � �� --- � � � Department Date Signed � �:��, �� � �p� �"���_�; �'� ---. APPROVED A5 TO LEGAL FORM: AARON LEAL, CITY ATTORNEY �� ��- � � �� � � � � ���� BY: � � ���� � ... �wW, . ....... .. _ �, � Its �� `""��_� ���.__� � '� .�......._ _.......� '� 1 F,�\►117� � 1 ' : !1�/ f►i [17►fc'� i � t ' i � ii � i i l , y, i• � r i � � � , �,, ,: .� , � � „ � ii i iii � i i� i i � � � i r � � , ,; � i� � r i �, � � � � , �� � i i� i i� i � � i i � , i i, . • � . � ' ' r • . • . . ♦ . r � � � • - ' - . - � - , . ' : r •. . � � .� . �.� � _ + . .• . * . •' •- . -� - �r� . .� . ., � _ . - � .� . # . . w.� � . � . .� . . � ' ��„ t� . � , . . • ���_. �� • � .. � � ��. ,� �_ � • ��� •� - . • # � * . . � - - �� � �� - ���� � � - . � � . -�� • -�� � � � � � . +�' ��. � � . • �.�,. . . �. . � �� � •- � �� �� � •;� �- . � � , • . . � •• ♦ . -• - � �- � � , . . � � .. � � • . . . . �. � - . -. . .r' � -'•• � . -• . �. � . w - '� �- - �� , r . . . .�• . -�.., t.. -•. . • . . -� i• � � � � . . w ' • . • ��. � . � .� _ , . . � .• • ' • �- . . . � � �•. # . � � - w ! • . ,. • � • � , i ,i , � i i i ii � i i , r;, � i � . +� �� � � � � , � • � . � - -w -� . - •- • • +-� •- . . .�- � , �- , . ♦ - .*- � • • * • . . � � ' . . � � ` .• - • . •- �� � .. ., •• � • - • . � r • .` • . . , + �' * � . - , - - � . .�- . - • . � r . • _ � r �. � _ - �; � w . # . .� .� � . �. � � �-� �- , # � • - .:- „ •- , +- . . .�+ -.. - � � � * � . - +. • w �*. •- - - � � �. 1''� . �.. � � 1 �' ��+� '�� ' ' .,, �— � .� ' �� � '�� � " ' � �f � � - • • � •. � �,' � �� ' + . i� �, � � '� ' •'� '� ' � . �� ' . � ' � ' � , + ' ' � ' � "'� � ' � �, � w � ., .� ' . � •` � � • '�, - . �; . �'��� ' �#. . # " � •�� � • • • ���'� '�� • �' • . " ' � � ' '�� ' #� .� � ' �� � ' � • � `�� � � !� ., � � . � � .. . . . . . # , ' 1 � I ' � . • � ��,' � � � a � ��' 1 ', � � � � � ' � � I , / /// /'` l/ „ / ; / / / ' / 'R ' �� / / � ` I / i / � � / ! / / ' i � . , � � / , /; l � /; l / / 1 e� / [X] A. General Liability Insurance: . . . . � ' . � r - [ : - � � . � . r. � � •-• . � . . • � - . �� � •� . r- . � , � ' ' •. - . : - •� r . � , . r � •- + . r • - . � . . .� . If the Commercial General Liability form (I50 Form CG 0001 current edition) is used: • Coverage A shall include prernises, operations, products, and completed operations, independent contractors, contractual liability covering this contract and broad form property damage caverage. �� - ��� - i . �- s�' � . � - ,*- -� . •. . � .� .�, � � . .� � ! � !1 • � � � � 1�-�� -• . ��'� �` . -�+ i� � • � ��' /�,' ��'' •! �" � ' f'�` 1 �' ' � � . • ' � • ', ' �' � ' � !' � ' •' ` ! . ' 1 � , ! � � f ,• �' � � . . � ' • �' : � � � •' ' � � . = � � �� � ��• '� ! � l• • . .I � � w' • �� . . +, � � # � � • ' �• � � '� � 1 � � i � � � #' � #'� � # � � ��� ' � � ; [X] Automobile L'rability Insurance: . - . •� �� • � -� � . � ������ � � �� � • - . � ' � . . � . �, - � � „ � • � - ,, . , :-,� , � . � . . � � .. �l � ., � < . � .� . � ' � � li M i M i . � � . i ; � ,� ! 1 _ � � ` � ` r - N ; . . , � I' ` . " • i : 'i i `1 � � + Satisfaction of the �bode r�quirement sh�ll be in the fa�rm of a policy endorsem�nt r: any auta, or all a�rned, hir�d, and non-owned autos. i G. ..' �.. ' �..: .. .. r ! ,: �..: F .,. a .. A. MARKETING 1 � �� �' - . ������.� � r . -�� _ �. -�. - � �. � . , �� ., r� • , � � ♦�� � . . � . . . .� . �� . � � . . , . �. . , �:_ . . � .� � .' . � � � . .� „ � � . � - . � � � � � . . . . r � . • . . .', � �- .r � �� • � • - . � . - � ♦ � � �� � � ,: - . • - . �- . - • • ; _�. • . - : 1 ' 1 ! a. Continue development and promotian af a Denton brand that enhances business recruitment, retention, and expansion and workfarce develapment activities. b. Align marketing expenditures and strategies to facus on targeted business sectars (defined in Section B.2.a af this Work Plan}. c. Research and use various methods of marketing and advertising and use industry- specific technologies to communicate effectively with targeted audiences and stakeholders. d. Communicate to stakeholders that Denton is an attractive place to live and work. e. Establish new contacts at marketing events that further Denton's efforts ta attract businesses in targeted sectors. 3. Key Activities. The Chamber will: a. Prepare and submit a marketing plan that outlines: i. Planned marketing trips and how they achieve the shared goals, ii. Strategies and timelines for print and digital ad buys. iii. Schedule far updates to Economic Development Partnership website. b. Operate and maintain the Ecanomic Development Partnership website W �"w�1�J,�.��;��lt�I��"'�.� D � k�R�Y� • �._._�..- � c. Operate and maintain any social media accounts necessary to reach and engage with targeted audiences and stakeholders. d. Update and distribute annually both print and digital marketing materials in cooperation with the City. e. Connect with brokers, site selectors, ar other stakeholders that wark with ar in the targeted sectors. [[17 �' � ' , •' "� f'• • � •' �'i ` �' • � � � � * • ''�, .' � !'� � � � .' • ! ` # ' . • # . # � '. •�. . � �' *• . , Partnership website, c. When appropriate, provide content for posting to Econamic Development Partnership social media accounts. d. Assist with the preparation of print and digital marketing materiais. e. Be available ta meet with Chamber staff to review strategies, materials, or �� � �� �. ���. •' �. . , , � � � � � . ������ # •�� . � , � . � - - � - � . . . , _ � � � , _- w - � � , . •� r � -� � • . � a. Audience reach and ROI of any print or digital ad purchase. i. Target: Reporting metric only. No target needed. b. Percent breakdown of marketing dollars by targeted sectors. i. Target: Reporting metric only. No target needed. c. Number of leads generated fram marketing trips. i. For the purpose of this section, lead shall be defined as a connection with a business or representative af a business that is actively seeking to expand or locate a facility. ii. Target:l0. d. Percentage of leads generated from marketing trips with business prospects in the targeted sectors. i. Target:50%. e. Number of new contacts made on marketing trips that are associated with the -• • w ` r •• - - ' � ' � . . •• �- -• . . , • . � • - - - _ w � � - � w •- • � • w w � . • - � . � '���� � - • • - w . 1 •. • . -� - . . � • . • . • . -• ' � � ! • . � • . • � . . . . � ���� r ��. . �-- - .��� � - #, . �. 1 •. � , + - � . - • • - ����� • • . •�� - . - � � • � . ` • � _ ♦ • �, - -�� . � �. �,� *. •. -� •, , w • •,�; - - . -� w . �. �-� � . � w w � , [f1 ii. A narrative report of the outcome and benefits of any marketing trips taken during the previous rnonth. iii. A narrative report of the benefits of any print or digital ads published in the previous month. b. As part of the mid-year and comprehensive annual report, the Chamber will provide: i. A comprehensive report an the total return on investment and audience reach of print and digital ad buys, including any contacts or leads generated from those ads. ii, A comprehensive repart of the outcome and benefits of all marketing trips taken during the reporting period being covered in the report. iii. A detailed list af any inquiries, leads, prospects, proposals, and site visits and to which marketing trip they related, 1 •' � � . • •� - � � • . ' - - -. - • �. . • � � � . . . � � � �� . � . � . -�� -�� ��� � � ���� � � . . - • - � • - � � . � � -.. � : . � � � . � . , . - . � . � • - � � � �- - �• - . • - �. . ' • � . . �- 2. Goals. The City and the Chamber have the following goals for Recruitment in 2019- 2020: a. Recruit prospective cornpanies in Denton's target industry sectors of: i. aviation/aerospace, ii. advanced manufacturing, iii. renewable energy, iv. research and development, v. information technology, vi. supply chain for existing primary employers, and vii. significant consumers of municipal utilities by attending target industry trade shows, consultant's forums, and select conventions/business meetings/special events and responding ta leads or requests from information. b. Generate new avenues for prospect development, including praactive outreach strategies to business prospects, site selectors, brokers, or other stakeholders. 3. ey Activities. •- . •, - . � . . . � � � . . . �'�- , r � ; r � • .' . . - � . � . . � . - � . . . • - . � r � � - . � . � I� � , # � i � ' � - �- � � '�I I . : � ' � � i "� � - f - i ` " � # 1 � � • i i,' � ,, 1�' y ` i ��� `i s 1 �� �� _ The City will: . • . � � . . . - � . � * . , �, ,. , # , # . � • • � � ',. . ' ' . ! � # � � ! •,. � • � ''��� ♦' ' •" . # •' # � ., . • #�", . � '.• s � • ' � �" " •� , � '.! � � � ' . � ' ! �'. .' t � '# � � ,," ' � •'' ' ' , � � � "+ � . . •' r � � - � r . • • � ' �, •' . ''I' • ♦ �' . ' � '� � . . � .; • ' � . . � • . ' . � . . . * • � •, � # . � ' • [ . � � •' ## .` � # •. • . .� . . . ♦ = .. . � . � � . + . �. � � • •;�� � •: � _� •' • � � a. The number of requests for information and/or leads received and responded to. i. Reporting Metric: 60 leads/RFIs received. ii. Reporting Metric: 90% leads/RFIs respanded to. b. The number of requests for information and/or leads respanded to in the targeted sectors. i. Target: 100% of qualified leads/RFIs. c. The number of site visits resulting fram any marketing or recruitment activities. i. Target:l0. d. The number of site visits from companies in the targeted sectors. i. Target: 1 site visit from a campany in every targeted sector. a. As part of the monthly progress report, the Chamber will provide: i. Updated information on progress related to the metrics described in Section B.4 of this Work Plan. ii, A list of all leads and requests for information received by the Chamber in the previous month and including the following information: 1. Source of lead (including the name/contact information of the company, site selector, braker, or developer); 2. Company type; l� 3. If in a targeted sector, indicate which targeted sector the company is in; 4. Praject name; 5. Site needs; 6. Capital investment; 7. Jobs to be created; $. Whether a proposal was submitted; 9. Conversion of proposals into further requests far information or site visits; iii. A summary report and a list of all site visits from the previous month, including the company type. 1. If the company is in a targeted sector, the report should indicate which targeted sector the company is in. b. As part af the mid-year and comprehensive annual report, the Chamber will provide: i. A comprehensive repart an the outcome and pragress of all leads, requests for information, and site visits. c.If established during the term of this contract, the Chamber will use a consolidated lead tracking system in caardination with City staff. C. PRIVATE INVESTMENT 1 • � �' - � : •� ' � � • . . . � .. . •� . •+ r' � . . '� •" • I . • " /' 1 ! # 1' ' w• . !. " •' `� •'!� �, � � , + . ., �# ,� , !' •" � f` �•, � •'# �'# �: • # � �+ . . • . .' •' . ' ' # # � ��. ♦ ' " ' • ' ' r ' ' " •#, . # " ��! � �' ' � . . � � # " , •' � . 1 ' . ' ! ' � ' • • . � -r - - �. . # ' . f'' � " ! � f �;. . �� . � . • # �'�' � • + ' . � ; 3. Key Activities. The Chamber will: a. Develop an actionable strategy that demonstrates value and return to organizations and businesses that invest in the Chamber. b. Maintain the Investor Relations Committee to recruit new investors and retain existing investars. C�►� [�J'f� a. The number af new investors. i. Target:2. b. The number of returning investors. � i. Tar��t:90%, �, T'h� doll�rs of privat� investrn�nt r�is�d, �, �,�r��t; �7s,aaa. d. T`h� p�r��nta�� of total operatirr� �xp�r�ditur�s �`ar th� Cha b�r �i`�i�� of Ec�r�o ic D�v�lc�p �nt fund�d thrau�h priv�te ir�v�stna�nt, i. T°�r��te 25% �f $30Q,000 tatal c�p�ratin� exp�r�dit�r�s. 5. eportin . a. As part of the monthly progress report, the Chamber will provide: i. A summary report of any investment related activities, including details of activities of the Investment Committee and any Investor events held. ii. A list of any new investors recruited or existing investors retained in the previous month, b. As part of the mid-year and comprehensive annual report, the Chamber will provide: i. The total amount of private investment dollars raised to date. ii. A list af all investors, including whether the investor is new or a retained investor. iii. A summary report of how the private investment funds were spent and the outcome and beneiit of those expenditures, including to what goals outlined in the Work Plan that the expenditures relate to. �