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W A T E R E N E R G Y L I F E RIVERSIDE PUBLIC UTILITIES • ' Board Memorandum P U B L I C U T I L I T I E S BOARD OF PUBLIC UTILITIES DATE: SEPTEMBER 13, 2021 SUBJECT: EXPENDITURE IN AN AMOUNT OF $39,520 FOR FISCAL YEAR 2020/21 AND AN AMOUNT NOT TO EXCEED $68,000 FOR FISCAL YEAR 2021/22 FOR SERVICES AND SPONSORSHIPS PROVIDED TO RIVERSIDE PUBLIC UTILITIES BY THE GREATER RIVERSIDE CHAMBERS OF COMMERCE ISSUES: Consider ratifying an expenditure in an amount not to exceed $39,520 for the fiscal year 2020/21 and approving an expenditure for $68,000 for fiscal year 2021/22 to the Greater Riverside Chambers of Commerce for sponsorships and services specifically provided to the Public Utilities Department RECOMMENDATIONS: That the Board of Public Utilities: 1. Ratify an expenditure of $39,520 for fiscal year 2020/21 for the Greater Riverside Chambers of Commerce for sponsorships and services specifically provided to the Public Utilities Department; and 2. Approve an expenditure in an amount not to exceed $68,000 for fiscal year 2021/22 to the Greater Riverside Chambers of Commerce for sponsorships and services specifically provided to the Public Utilities Department. BACKGROUND: The Greater Riverside Chambers of Commerce (Chamber) has served the City of Riverside (City) and surrounding communities for over 100 years. The organization started in 1900 and took on two important projects, which included bringing a rail line to riverside and writing a City Charter later adopted by the City of Riverside Board of Trustees in 1907. Collaboration between the City of Riverside and the Chamber began immediately and contracts between the two entities date back at least 50 years. The Chamber has established itself as the voice of businesses in Riverside, speaking on behalf of approximately 1,350 member firms and collectively representing thousands of employees. The Chamber helps local companies grow their business by taking the lead in programs and efforts that help create a strong local economy and make the community a great place to do business. It recognizes that the best interests of the business community are the same as the long-term