BACKGROUND/DISCUSSION:
In March 2020, the City of Saginaw entered into a contract with The Retail Coach to provide assistance with Retail Retention, Recruitment and Development Services. It was a one-year agreement with the option to renew for up to two (2) additional one-year agreements.
While considering the Pandemic our country has been in this past two (2) years that began in March 2020, significant progress has been made with the recruitment of potential commercial retail and restaurants. The proposed is to renew the agreement with The Retail Coach to provide assistance with Retail Retention, Recruitment and Development Services for one (1) additional year.
During that 12-month period, we will continue to receive the following:
· Updated Research, Analysis, and Reports
· Continued Recruitment of Retailers and Developers
· Coaching and Support from The Retail Coach Team
· Designated Point of Contact for Recruitment and Data Needs
· Access to GIS Mapping and Data Resources
FINANCIAL IMPACT:
The financial impact is a fee of $20,000, plus reimbursable expenses. This expenditure is budgeted within the existing economic development budget.
RECOMMENDATION:
Upon the advice of the City Attorney, staff recommends the City Council authorize the City Manager to enter into an agreement under the terms of the proposal.