Laserfiche WebLink
City Manager <br /> DATE: ll/18/2019 <br /> MEMO: 2019-01 <br /> TO: Honorable Mayor Moore Wolfe and City Council Members <br /> FROM: Scot Wrighton,City Manager <br /> Jon Kindseth,Deputy City Manager <br /> Ray Lai,Community Development Director <br /> SUBJECT: Consideration of a Resolution Authorizing an Ageement with Retail Strategies,LLC. <br /> SUMMARY RECOMMENDATION: Staff recommends approval of a resolution authorizix�an agreement between the City <br /> of Decatur and Retail Strategies,LLC for retail recruitment services. <br /> BACKGROUND: <br /> During priar planning and study sessions,Staffrecommended retaining a consultant to supplement Staffs efforts in economic <br /> development,specifically in the area of new retail recruitment. Over the past few months,staff met with,and solicited proposals <br /> from,multiple consultants for this service. There are primarily three national firms which provide ED services to municipalities: <br /> Buxtoq The Retail Coach,and Retail Strategies. Staff contacted all of them The City has used Buxton in the past. <br /> Staff is recommending an agreement with Retail Strategies,due to their unique approach in customizing retail recruitment <br /> services specifically offered to the City of Decatur. Retail Strategies will provide a market analysis,and work with staff to identify <br /> and tazget eacisting shopping centers and available commercial spaces in Decatur,prioritize key existing retail]ocations over new development locarions in an <br /> effort to bring back full occupancy at some of our shoppmg and strip centers. Retail Strategies will also provide staff with retail industry trends and future <br /> market growth potential through our national peer analysis,and they will meet directly with national retailers to attempt to bring companies to Decatur-- <br /> especially those that are appropriate baSed on mazket demand and leakage data. This consultant will also help with providing data and support for existmg <br /> business retention and el+pansion here in Decatur. <br /> POTENTIAL OBJECTIONS: There are no known objections to this recommended agreement. <br /> STAFF REFERENCE: Jon Kindseth and Scot Wrighton are available to answer any questions arising from this recomrriended <br /> agreement <br /> BUDGET/TIME IMPLICATIONS: The FY2020 budget includes money for this agreement. The fee far the first year of <br /> this agreement is$45,000,with each year thereafter at$40,000. The proposed agreement is for three years,but may be canceled <br /> annually with no future financial obligation. <br /> ATTACAMENTS: <br /> Description Type <br /> Resolution Authorizing Agreement w/Retail Strategies Resolution Letter <br /> Agreement with Retail Strategies,LLC F,xhibit <br />