Title
Discuss and consider action to approve the selection of Hayat Brown for P3 Financial and Transactional Advisor Services and authorizing the City Manager to negotiate a professional services agreement for the same.
Summary
This agenda item is to consider a two-step process for City Council approval for the selection of consultant(s) and will be followed by the approval of a Professional Services Agreement (PSA) at a subsequent meeting.
Specifically, City Staff requests approval of the consultant firm(s) first, as selected and confirmed by the City Council, then the City team will enter negotiations further defining the anticipated scope and fee structure for the projects. Following those negotiations, the agreements will be presented to the City Council for consideration of the agreement, scope, and fee.
The City of Pflugerville solicited requests for qualifications from firms for services associated with the evaluation of public private partnership (P3) opportunities for the development of the 29-acre tract at the northwest corner of FM 685 and E. Pecan Street. City staff received nine (9) Statements of Qualifications (SOQs) on September 20, 2021which were reviewed, scored, and ranked, based on the evaluation criteria in the RFQ, as the SOQ is worth up to 100 points. The City's Selection Committee determined the results of the SOQ scoring and ranking required interviews to further evaluate the team's experience and qualifications.
The Public Private Partnership (P3) Financial and Transactional Advisor Services firm will assist the City with the evaluation of opportunities associated with the development of a Civic Center that includes a city hall, recreation center and mixed-use development. The proposed project is planned to be located at the northwest corner of Pecan Street and FM 685.
City’s Selection Team Committee short-listed two firms from the nine of Statements of Qualifications (SOQs) for interviews to determine recommended firms. Based on the interviews Selection Team recommends selection of Hayat Brown.
Prior City Council Action
City Council authorized the acquisition of the Pfluger Tract, a 29-acre parcel at the northwest corner of FM 685 and E. Pecan Street at the July 13, 2021 meeting.
Pflugerville City Council called a November 3, 2020 bond election for three propositions totaling $191.3 million at the August 11, 2020 meeting. Proposition C included the Recreation Center being considered for this location.
Deadline for City Council Action
Action is requested on 12/14/2021 to enable the process to continue forward.
Funding Expected: Revenue __ Expenditure __ N/A _x_
Budgeted Item: Yes __ No __ N/A _x_
Amount: TBD
1295 Form Required? Yes __ No _x_
Legal Review Required: N/A _x_ Required __ Date Completed: ___________
Supporting documents attached:
Hayat Brown Statement of Qualifications
Request for Qualifications
Recommended Action
Approve the selection of Hayat Brown for P3 Financial and Transactional Advisory Services and authorizing the City Manager to negotiate a professional services agreement for the same.