Title
Discuss and consider action to approve a contract in the amount of $195,000 between the Pflugerville Community Development Corporation (PCDC) and Ernst & Young LLC for purposes of developing a Comprehensive Economic Development Strategic Plan (3.0).
Summary
The PCDC develops a three-year strategic plan to guide and monitor the economic development progress for the City of Pflugerville. The PCDC has completed Comprehensive Economic Strategic Plans (CEDS) 1.0 and 2.0 and is in the process of developing the next plan - CEDS 3.0. The PCDC Board seeks approval on a contract award for $195,000 with Ernst & Young LLC to include, but not limited to:
1. Meetings and community events with various officials and citizens, to include any necessary presentations;
2. Identify strengths, weaknesses, opportunities and challenges regarding economic development; Identify potential development areas; Review existing research, PCDC and stakeholder master plans, regional strategic plans, and existing relevant programs
3. Prepare and present a final report to the PCDC Board and City Council including recommendations to attract target industries through collaboration and marketing
4. Identify the best method for organizing, funding, and operating a superior city-wide economic development program.
The Request for Qualification (RFQ) proposal was sent out to five economic development consultants on April 10. Five proposals were received on May 1 for final review. Each candidate was evaluated based on the RFQ requirements resulting in three final applicants. Interviews to select the final candidate were conducted on May 11. A final candidate was presented to the PCDC Board for action on May 17. The Board is forwarding the contract to the City Council for final approval. All PCDC contracts that exceed $50,000 must be approved by the City Council.
The request for proposal has a tentative start date of July 15th if approved and concludes in February 2024. The focus groups, meetings with the consultant according to contract, and updates will be provided during regular meetings of the PCDC board. The final draft for PCDC board review will be followed by final approval from the City Council.
Contract amount for services is $195,000 to be paid in two payments. The first payment of $95,000 will be paid 9/15/2023 and the remaining balance of $100,000 will be paid on 2/15/2024, splitting across two budget periods.
Prior City Council Action
The PCDC Board approved the FY23 Budget on August 3, 2022 and the budget received final approval by City Council on September 13, 2022 that included $250,000 for consulting services in FY23 to fund a CEDS 3.0 contract. The first payment will be paid in FY23, and the PCDC has requested funding in FY24 Proposed Budget for the final payment.
Deadline for City Council Action
July 11, 2023
Funding Expected: Revenue __ Expenditure X
Budgeted Item: Yes X No __ N/A __
Amount: $195,000
1295 Form Required? Yes __ No X
Legal Review Required: N/A __ Required __ Date Completed: June 25,2023
Supporting documents attached:
Ernst & Young signed contract
Recommended Action
The PCDC Board requests approval.