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Meeting Date:
03/25/2024
Increase Not To Exceed Amount - S.B. Friedman & Company - Economic Development Department
Submitted By:
Jim Bell
Department:
City Manager
Division:
Finance/Tax
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
03/19/2024
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
2024-R-7396
Agenda Item Description or Legislation Title
A Resolution To Increase The Not To Exceed Amount For S.B. Friedman & Company For Land Development Study For The Economic Development Department In Calendar Year 2024.
(first reading)
Purpose and Background
S.B. Friedman & Company will be conducting an economic development assessment study and market validation and saturation study. These professional services will total approximately $150,000, which exceeds the $75,000 vendor limit. These studies were not anticipated at the time that the annual vendor legislation was passed, and therefore City Staff request Council approval at this time.
Fiscal Impact
Source of Funds:
TED Fund
Cost:
$150,000
Recurring Cost? (Yes/No):
No
Funds Available in Current Budget? (Yes/No):
Yes
Financial Implications:
Attachments
Resolution
2024-R-7396
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