Title
Approving a professional services agreement with Hayat Brown in the amount of $145,184 for advisory services and an assessment of redevelopment opportunities within the core of Downtown Pflugerville, and authorizing the City Manager to execute the same.
Summary
As Downtown East is developed and Downtown Pflugerville expands, there is potential for other properties in the downtown core to undergo transformation. Hayat Brown will conduct an analysis of Downtown Pflugerville, outlining how future investments can support the City Council’s goals of enhancing both the sense of place and economic vitality in the historic city center.
Hayat Brown has served the City as the transaction and financial advisor for the Downtown East project and have been instrumental in assisting the City with the delivery of that project. Hayat Brown is recommended for this project to continue to leverage their expertise in real estate and public private partnerships as revitalization occurs in Downtown Pflugerville.
This item meets Council’s Strategic Goals regarding economic development as well as the goals outlined in the Aspire 2040 Comprehensive Plan in support of fiscal resiliency, and prioritizing infill development in Downtown to create an authentic, walkable mixed use live/work/shop/play designation.
Deadline for City Council Action
Action is requested on November 12, 2024
Funding Expected: Revenue __ Expenditure _x_ N/A __
Budgeted Item: Yes _X_ No __ N/A __
Amount: _$145,184_______
1295 Form Required? Yes _x_ No __
Legal Review Required: N/A __ Required _x_ Date Completed: _November 7, 2024
Supporting documents attached:
Professional Services Agreement
Recommended Action
Approve a Professional Services Agreement with Hayat Brown in the amount of $145,184 for a redevelopment analysis for Downtown Pflugerville and authorize the City Manager to execute the same.