Title
SB Friedman Proposal - Main Street Triangle
History
The Village is in the process of selecting a developer for the Main Street Triangle. The deadline for the RFP submittals is July 9, 2018. Upon receipt of the proposals, the selection committee will begin the process of evaluating each submittal, with a final recommendation to be submitted to the Village Board for approval. As part of this evaluation process, staff recommends utilizing SB Friedman to assist in this review. They will review the proposals, specifically as it relates to proposed financial terms, fiscal impacts, and other related matters. This review and analysis, combined with the selection committee input, will help the Village Board in their final selection of a developer.
SB Friedman does extensive economic development consulting throughout the State and Chicago region. Staff has worked with the firm in other capacities and in other communities. The scope of work is attached.
On June 18, 2018, this item was reviewed by the Development Services, Planning and Engineering Committee, recommended for approval and referred to the Village Board of Trustees for consideration.
Financial Impact
The contract is hourly plus direct expenses, not to exceed $30,000. Funds are available for this contract in the TIF account, under professional services.
Recommended Action/Motion
I move to approve a contract with SB Friedman in the amount not to exceed $30,000, as outlined.