Details of Proposed SEEDA Agreement Presented to Council

City Attorney Brendon Kerns updated the Sheridan City Council Monday night on a proposed three year agreement with the Sheridan Economic and Educational Development Authority Joint Powers Board, or SEEDA. According to the contract that was presented to the Council, the total amount the City would allocate to SEEDA annually is $150,000, which is offset by the City providing accounting services for the SEEDA in the amount of $24,000. The payment amount the City would make to SEEDA is $126,000 a year. Kerns said the Council doesn’t necessarily need to move forward with a three year agreement, but they do need to make a decision soon.

The Council took no action on the agreement Monday night, as the proposed agreement will be officially considered by the Council at a special meeting next Monday. The Council did take action on five of six proposed budget amendments to the budget for the fiscal year that begins on July 1. The Council voted to table budget amendment #3 that would eliminate proposed funding for a pond in Malcolm Wallop Park and reallocate the funds to Blacktooth Park. The Council approved the Smith Alley East Agreement with the Mint Bar and Bighorn Design for improvements to the alleyway between the two businesses. We’ll have more from the Council meeting in future stories.