Explanation
BACKGROUND
This legislation authorizes the Director of Development to modify the contract with Next Street for professional economic development consultancy services. The modification shall add $175,800 to the original contract and modification number 1 to amend the scope of work and extend the original contract completion date.
Original contract amount $130,000 Ord. 2947-2018, PO149715
Modification No. 1 amount $ 60,000 Ord. 0177-2019, PO158542
Modification No. 2 amount $175,800
Total contract amount $365,800
When the original ordinance was submitted (Ord. 2947-2018), the Department was in the early stages of contract negotiations and the final fee amount was not known at that time. The contract was negotiated with a total fee of $190,000. Under the authority of the original ordinance, the consultant was authorized to proceed with work up to the amount of $130,000 and approval of modification number 1 (Ord. 0177-2019) allowed the department to authorize the remaining amount of work originally negotiated.
This legislation will authorize Next Street to complete Phase 2 of the project and extend the original contract date to December 31, 2019.
During Phase 1 the Economic Development Division worked with Next Street, local entrepreneurs, small business owners, and Entrepreneur Support Organizations (ESOs) to conduct research to assess the local small business ecosystem. The work spanned three distinct tracks of services that included: 1) Strategic Alignment and Engagement with a multi-stakeholder Advisory Committee; 2) Small Business and Entrepreneurial Ecosystem Analysis and Assessment; and 3) Capital Support Analysis. The Consultant provided baseline read-outs of each track thereby summarizing gaps, opportunities, insights, and observations gained from data analysis, interviews, and focus group meetings.
Phase 2 shall aim to develop and finalize a formal “City-Sponsored” “Small Business Agenda, Framework, and Multi-Year Action and Impleme...
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