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A RESOLUTION OF THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY (CRA), APPROVING AND AUTHORIZING THE PROPER OFFICIALS TO EXECUTE A SERVICE CONTRACT BETWEEN THE CRA AND REDEVELOPMENT MANAGEMENT ASSOCIATES, LLC FOR PROFESSIONAL CONSULTING SERVICES; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: This is an initial fixed fee of $33,217 per month resulting in a total initial annual contract amount of $398,600. The fee shall be increased by 3.5% per annum during the 3-year contract term)
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(Staff Contact: Greg Harrison)
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Summary Explanation/Background:
In 2009, Redevelopment Management Associates assisted the City of Pompano Beach and the Pompano Beach Community Redevelopment Agency (CRA) in establishing a vision for the two redevelopment districts, and subsequently initiated various public sector redevelopment projects in both districts. The intent was to leverage the public investment to attract private investment, and to date, the renaissance is evident. The city has been enjoying a newfound image in South Florida and beyond which is largely due to the foundation laid over the last decade and a half. Redevelopment opportunities will continue with the new Downtown and technical assistance continues to be needed to ensure that growth remains on track and effectively managed. Redevelopment is an important function for this city and RMA has continued to help guide and coordinate the redevelopment activity as needed.
Origin of request for this action: Staff
Fiscal impact and source of funding: $398,600.00; 150-1910-539.31-60, 160-1920-539.31-60
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