Title
Renewing Retail Strategies Contract for a three year period
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Resolution 4895-12 was adopted entering into a contract with Retail Strategies from May 1, 2012 through September 30, 2012 with an option to renew for three years. The first year's renewal would be at a cost of $24,000 and the second and third years would be at a cost of $16,000 each and in years 2 and 3 either party would have the right to cancel the contract with a thirty (30) day notice.
SOURCE OF FUNDING:
Please provide the amount requested: $24,000
Is this a budgeted item? Yes
Please provide the budgeted amount: $24,000 Account No. 01-620-3020 Professional Services
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, the Foley City Council entered into an agreement with Retail Strategies with an option to renew under enabling Resolution 4895-12 to provide professional consulting and related services to the City of Foley, and
WHEREAS, the renewal period begins October 1, 2012 if the Council desires to continue to receive their services for economic development.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves renewing Retail Strategies agreement for a three year period in the amount of $24,000 for the FY13 period, and for the second and third year at a cost of $16,000 annually. This is a budgeted item under Account No. 01-620-3020 Professional Services.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.