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♦ � 4 <br /> ECON MIC �ND URBAN DE <br /> O VELOPMENT MEMORANDUM <br /> No. 04-133 <br /> September 1, 2004 <br /> TO: Mayor Paul Osborne and City Council Members <br /> FROM: Steve G ity Manager <br /> Dane C. Br , Assistant City Manage� <br /> SUBJECT: Agreement r Professional Services—Wabash Crossing Project <br /> SUNIlVIARY RECOMMENDATION: Staff rec <br /> ommends a roval of the a <br /> pp ttached <br />� agreement with Signature Development & Consulting Group, LLC to provide �� <br /> professional consultant services related to negotiation of the City's commitments to the , <br /> Wabash Crossing Project. � . <br /> The proposed agreement will not exceed $60,000 for professional services and $40,000 <br /> for legal services. The consultant's services will be utilized on an as-needed basis. <br /> Actual incurred expenses may be less than the not-to-exceed maxunum. <br /> BACKGROUND: The Principal in Charge, Olatunde Ogundeko, is a former HtJD <br /> Project Manager and is very familiar with the Wabash Crossing Project. Mr. Ogundeko's <br /> services will protect the City's investment in, and minirruze the City's exposure relative <br /> to, the completion of the project. <br /> POTENTIAL OBJECTION: N/A. <br /> INPUT FROM OTHER SOURCES: HUD General Counsel has reviewed Mr. <br /> Ogundeko's status regarding past projects and determined that his representa.tion of the <br /> City is not a conflict of interest. <br /> STAFF REFERENCE: Any additional questions may be forwazded to Dane Bragg at <br /> 4242727 or dbra��cr,decatumet.org. <br /> BUDGET/TIME IMPLICATIONS: The fees associated with this contract are eligible <br /> project expenses. Said expenses will be deducted from the City's contributions, with no <br /> additional funds required from the City. <br />` <br />