REQUEST FOR CITY COUNCIL ACTION
DATE: 03/16/2022
TO: Honorable Mayor and City Council Members
FROM: Office of Economic Development
SUBJECT:
Title
First Amendment to the Professional Services Agreement with Kosmont Companies for the Downtown Revitalization Plan and Advisory Services.
End
EXECUTIVE SUMMARY:
The City Council will consider approving the First Amendment (Exhibit 1) to the Professional Services Agreement with Kosmont Companies to support the City in creating a Downtown Revitalization Plan (Plan). At the direction of Council, Kosmont Companies has conducted additional community outreach and led a robust community engagement strategy that can result in a community informed Plan. As part of the existing Agreement, Kosmont Companies also has provided on-call, as needed technical and advisory services to support the City's efforts to create a cohesive vision for the Downtown. The proposed Amendment includes a compensation increase of $100,000 to account for both the Plan completion and additional anticipated technical and advisory services. The existing Agreement expires on June 30, 2022 and includes two one-year term extension options.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Authorize the City Manager, or his designee, to execute the First Amendment to the Professional Services Agreement with Kosmont Companies to increase the compensation by $100,000 for a new compensation total of $392,183.
b. Authorize the Purchasing Manager to increase the purchase order with Kosmont Companies in the amount of $100,000 for a total purchase order amount of $392,183
c. Authorize the City Manager, or his designee, to approve the appropriation of funds in order to execute the aforementioned amendment between the City of Corona and Kosmont Companies.
d. Authorize an appropriation of $100,000 from the General Fund Measure X Reserve (Economic Recovery) to the Downtown Revitalization Plan Capital Improvement Project No. 76910.
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