Submitted by: Holly Simmons
Submitting Department: Community & Economic Development
Agenda Section: Consent
Item Title:
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ARPA: Hyattsville Crossing Business Improvement District (BID) - Phase 4
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Suggested Action:
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I move the Council authorize the City Administrator to execute a work order in an amount not to exceed $150,000 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). The cost of this project is being funded through ARPA Funds.
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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 to assess the creation of a Business Improvement District (BID) to support land areas around the Hyattsville Crossing area. A BID is an economic development tool that allows for targeted investment in a geographic cluster of primarily commercial properties with the purpose of increasing economic vitality through services such as placemaking, marketing and branding, increased 'clean and safe' services, and the attentions of a dedicated Executive Director managing operations, coordination, and advocacy.
The first phase of assessment was to assess market conditions, perform stakeholder interviews, develop boundary recommendations and perform a financial analysis. Phase 2 included drafting State enabling legislation; additional comprehensive stakeholder outreach and interviews of property and businesses owners to form a steering committee intended to guide the formation of the BID. HR&A Advisors briefed the City Council on May 2, 2022, and June 5, 2023.
Currently, Phase 3 is underway. The State enabling legislation drafted in Phase 2 was adopted on May 8, 2023, and comprehensive property owner and stakeholder outreach continues through individual interviews, Formation Steering Committee meetings, maile...
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