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�j ' <br />Report Number 10-242 <br />CAC �I�ON Agenda Section VI -3 <br />the city that works for you Council Meeting Date October 26, 2010 <br />REQUEST FOR COUNCIL CONSIDERATION <br />ITEM DESCRIPTION: Consider Consulting Agreement with Montgomery Realty Advisors (Ame Cook) for <br />Marketing Assistance in the Northwest Quadrant. <br />DEPARTMENT HEAD'S APPROVAL: Grant Fernelius, Community Development Director <br />CITY MANAGER'S APPROVAL: <br />No comments to supplement this report Comments attached <br />Recommendation: <br />Authorize Mayor and City Manager to execute a consulting agreement with Montgomery Realty Advisors <br />for marketing assistance m the Northwest Quadrant <br />Legislative History: <br />None <br />Financial Impact: <br />Analysis is provided below. <br />Explanation: <br />Staff has been in discussions with Arne Cook from Montgomery Realty Advisors about a consulting <br />arrangement to help find a broker or developer for the commercial sites in the Northwest Quadrant. Mr. <br />Cook would assist the City in identifying suitable brokers (RFP process); interview prospective <br />candidates with the City; and help structure the brokerage arrangement. It is estimated that the work <br />will take up to 6 months to complete and cost somewhere between $15,000 and $30,000, depending on <br />the level of detail. In addition, Mr. Cook would be available to advise the City, as needed, on individual <br />development projects. This arrangement was discussed with the Council at work sessions on September <br />281h and October 12tH <br />Z <br />'attorn has reviewed and approved the attached consulting agreement <br />Grant FernelitJ <br />Community Development Director <br />Attachment <br />