Placement: Consent Agenda
Action Requested: Motion / Vote
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Approve Contract with PFM Financial Advisors LLC for Economic Consulting Services Related to the City Center Master Planning efforts and Waiver of Bid Requirement to Meet Project Schedule.
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Submitted By: Jennifer Davis, Project Manager, Community Redevelopment Agency
Strategic Plan Link: The City's Vision for a diverse local economy and employment options.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Jennifer Davis, Community Redevelopment Agency
2. Parties: City of Port St. Lucie and PFM Financial Advisors LLC
3. Purpose: To facilitate the economic consulting services related to the development of a master plan for City Center, consistent with the City of Port St. Lucie's Strategic Goals and Objectives.
4. New/Renewal/Modified: New
5. Duration: The economic consulting services activities and deliverables will run concurrent to the master plan efforts under the City's agreement with Treasure Coast Regional Planning Council. Activities are estimated to start immediately after approval, and the master plan itself is expected to be complete in 9-12 months. An implementation strategy / timeline for the City Center Master Plan will be produced as part of the scope of work.
6. Benefits to Port St. Lucie: The residential, business and tourist community will benefit from the development of City Center. This area has long been planned as a destination for Port St. Lucie and will help balance the amenities Port St. Lucie has to offer on both sides of the city.
7. Cost to Port St. Lucie (Annual and Potential): $97,425
Presentation Information: Staff will provide a brief presentation, if requested.
Staff Recommendation: Move that the Council approve.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve.
2. Move that the Council not approve and provide staff with additional direction.
Background: The City of Port St. Lucie recently acquired th...
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