R2021-94 Resolution Authorizing Proposal with Hotel & Leisure Advisors, LLC for Highest and Best Use Study of the Decatur Civic Center

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HOTEL S< LEISURE ADVISORS April 27, 2021 Mr. Scot Wrighton City Manager City of Decatur One Gary K Anderson Plaza Decatur, IL 62523 Via e-mail: wrighton@decaturil.gov RE: Highest and Best Use Study Decatur Civic Center, Decatur, Illinois Dear Mr. Wrighton: Thank you for the opportunity to submit a revised proposal for a highest and best use analysis of the Decatur Civic Center in Decatur, Illinois. Hotel & Leisure Advisors (H&LA) has completed numerous hotel and leisure property studies in central Illinois, including previous hotel studies in Decatur, and would be pleased to prepare a highest and best use study for the subject property as outlined in the attached proposal. Based on our hospitality experience and our understanding of the proposed facility concepts, I am confident that H&LA is well qualified to respond to your consulting requirements. We have developed sophisticated and innovative research techniques, resulting in thorough analyses that incorporate in-depth local, regional, and state market information. For additional information about our firm, our company qualifications are included with this proposal package. Over the years, H&LA has served more than 700 clients on a variety of projects. Upon request, we will provide you with a list of references relevant to your project whom you can contact. To proceed with our engagement, please sign this proposal and return it to our office with a retainer check. I look forward to working with you on this assignment. If you have any questions or require any additional information, please contact me. Sincerely, Hotel & Leisure Advisors, LLC David J. Sangree, MAI, ISHC President Cleveland, Ohio • 216-228-7000 www.hiadvisors.com San Antonio,Texas •210-319-5440 Corporate Headquarters: 14805 Detroit Avenue,Suite 420,Cleveland,Ohio 44107-3921