Submitted by: At the Request of the City Administrator
Submitting Department: Community & Economic Development
Agenda Section: Action
Item Title:
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Hyattsville Crossing Business Improvement District
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Suggested Action:
recommendation
I move the City Council accept the proposal submitted by, and award of contract of services to, HR&A Advisors, 925 15th Street, NW, Washington, DC 20005, in an amount not to exceed $155,000 for the purpose of developing a Business Improvement District strategy for Hyattsville Crossing, upon review for legal sufficiency by the City Attorney.
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Summary Background:
In June 2021, the City requested HR&A Advisors to provide the City with a proposal with three (3) phases of work:
(1) BID Feasibility: Re-engage stakeholders, complete the BID boundary assessment, perform a financial feasibility analysis, and develop an implementation roadmap;
(2) BID Formation: State legislative support, formation of steering committee, comprehensive property owner outreach, business plan support, property owner approval;
(3) BID Implementation: Subject to completion of phases 1 & 2 and supplemental funding.
Based on the proposed project schedule, Phase 1 & 2 will be completed by November 2022.
Next Steps:
No additional action is required.
Fiscal Impact:
Project is supported with $30,000 in FY2022 funding provided by the City of Hyattsville and $125,000 in funding provided by the Maryland-National Capital Park & Planning Commission through a Memorandum of Understanding with the City.
City Administrator Comments:
Recommend approval.
Community Engagement:
The project will include direct stakeholder engagement.
Strategic Goals:
Goal 2 - Ensure the Long-Term Economic Viability of the City
Legal Review Required?
Pending