Submitted by: At the Request of the City Administrator
Submitting Department: Community & Economic Development
Agenda Section: Consent
Item Title:
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Hyattsville Crossing Business Improvement District (BID) - Phase III
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Suggested Action:
recommendation
I move the Council authorize the City Administrator to execute a work order in an amount not to exceed $90,000 with HR&A Advisors, 925 15th Street, NW, Washington, DC 20005, for the purpose of providing consulting services related to the formation of the Hyattsville Crossing Business Improvement District (BID).
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Summary Background:
In June 2021, the City of Hyattsville commissioned HR&A Advisors, and its sub-consultant Brick & Story, to perform a feasibility assessment and provide technical consulting services for the creation of a Business Improvement District (BID) to support land areas around Hyattsville Crossing.
Information regarding the Hyattsville Crossing BID efforts is available on the City’s website at: https://www.hyattsville.org/1022/Business-Improvement-District-BID
The first phase of assessment was to (1) assess market conditions, (2) perform stakeholder interviews, (3) develop boundary recommendations and (4) perform a financial analysis. HR&A Advisors briefed the City Council on the Phase I findings and are completing the Phase II findings.
The objective for the end of Phase 3 around September 2023 is to reach a draft business plan and conduct an initial poll of property owners. The scope of work will include:
• Business & Property Owner Engagement
• Formation of the Steering Committee
• BID Business Plan Support
The total cost of Phase III activities is $90,000.
Next Steps:
No additional City Council action is required.
Fiscal Impact:
The total cost of Phase III activities is $90,000 and is funded through the FY2023 Budget.
City Administrator Comments:
Recommend approval.
Community Engagement:
Both Phase II and Phase III project scope includes in-person and virtual business & property owner engagement sessions.
Strategic Goals:
Goal 2 - Ensure the Long-Term Economic Viability of the City
Legal Review Required?
N/A