2003 AGN SEP 02 I15 - Laserfiche WebLink

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Item #15 REDEVELOPMENT AGENCY FOR THE CITY OF COLTON For the Redevelopment Agency Board Meeting of September 2, 2003 TO: Honorable Chairperson and Boardmembers FROM: Candace E. Cassel, Redevelopment Manag� SUBJECT: Consideration and Approval of a Professional Services Agreement with the National Development Council for Real Estate and Advisory and Financing Services. DATE: July 25, 2003 BACKGROUND National Development Council (NDC) is a non-profit organization that provides consulting services to developers and cities on community development issues. It also provides real estate analysis and financial consultant services to the Agency. The Redevelopment Agency originally engaged the services of NDC on July 1, 1997 to assist it in obtaining alternative financial resources and to leverage the Agency's existing financial assets to achieve the goals outlined in its Implementation Plan. DISCUSSION/ANALYSIS Some of the issues NDC has assisted the Agency with include: obtaining $1,000,000 in working capital for Moss Bros Ford, securing financing for the Big League Dreams Sports Park and evaluating alternative financing sources for the McNeilus Truck expansion project. NDC is also very active in assisting the City in the mitigation of the Delhi Sands Flower Loving Fly, which impacts the West Valley Redevelopment Project Area, by utilizing various financial sources. In addition, NDC has worked with the Agency on evaluating financing alternatives for Rancho Mediterrania and Colton Palms. NDC also serves as a resource for other small businesses looking for financial tools. The Redevelopment Agency continues to require NDC's consultant services for the many projects that it is working on, and as such, requests that the Board authorize entering into a Professional Services Agreement with NDC. Based upon NDC's experience in financing and staff support, its familiarity with the County of San Bernardino's financial programs, its relationships with outside investment organizations, its understanding of Colton's endangered species issues and its non-profit status, the Executive Director has determined that the purpose of public bidding has been satisfied pursuant to Section 3.08.140(e) of the City's Purchasing Ordinance. Section 3.08.140(e) of the City's Purchasing Ordinance provides that the "Purpose of Public Bidding is Otherwise Accomplished when the City Manager (Agency Executive Director) determines that it is in the best interest of the City (Agency) and its administrative operations to dispense with public bidding for non-public projects." FINANCIAL IMPACT Thirty thousand dollars ($30,000) has been budgeted in the professional services account number 866-9000-9054-2350 for the purposes of retaining the services of NDC. The R:\ShareRDA\Meetings\2003 Meetings\Seplember 2, 2003\NDC PSA 090203.doc