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RESOLUTION 06 - 217
A RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO
EXECUTE THE CITY'S STANDARD PROFESSIONAL SERVICES
AGREEMENT WITH EHLERS & ASSOCIATES, INC. TO PROVIDE
REDEVELOPMENT AND FINANCIAL ADVISORY SERVICES FOR THE
REDEVELOPMENT OF BLOCKS 2 AND 4 IN THE DOWNTOWN AREA
MOTION BY: Dornbush
SECOND BY: Millar
WHEREAS, pursuant to the Comprehensive Plan, Downtown Development
Guide, 2030 Vision and Strategic Plan, and Prior Lake Development Potential
market analysis, the City desires to facilitate progress and encourage the
redevelopment of the Downtown area; and
WHEREAS, as part of the redevelopment of the Downtown area, the City and its
Economic Development Authority (EDA) anticipates redevelopment of the
properties located on Block 2, bounded by Main Avenue, Pleasant Street,
Colorado Street and the City parking lot; and
.WHEREAS, as part of the redevelopment of the Downtown area, the City and its
EDA anticipates redevelopment of the properties located on Block 4, bounded by
Main Avenue, County Highway 21, Dakota Street and Erie Street, excluding the
property at (address) Main Avenue and the City Library; and
WHEREAS, the redevelopment of these properties along with other
improvements in the Downtown area are essential to the improvement of the
health, safety and welfare of the Downtown and the City as a whole; and
WHEREAS, given the complex nature of redevelopment, it is necessary to retain
professional redevelopment and financial services in the redevelopment of
Blocks 2 and 4, and
WHEREAS, The City solicited proposals for professional redevelopment and
financial advisory services and received the following proposed fees:
Consultant
Ehlers & Associates
S rin sted
Fee
$15,000 not to exceed
$10,500 threshold; final amount TBD
WHEREAS, Ehlers & Associates, Inc. is a qualified professional redevelopment
and financial services consultant and has provided a proposal to provide the
necessary services to redevelop Blocks 2 and 4.
I :\COUNC I L\RESOLUT IlADMII~RE 8\2006\06-217 Ehlers ~~~~Wrior1ake. com
Phone 952.447.4230 / Fax 952.447.4245
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR
LAKE, MINNESOTA, as follows:
1. The recitals set forth above are incorporated herein.
2. The Mayor and City Manager are authorized to execute the Standard
Professional Services Agreement with Ehlers & Associates, Inc. for the
provision of redevelopment and financial advisory services.
3. The costs for retaining Ehlers & Associates redevelopment and financial
advisory services will be paid from the economic development fund balance.
PASSED AND ADOPTED THIS 18th DAY OF DECEMBER, 2006.
LeMair X LeMair
Dornbush X Dornbush
Erickson X Erickson
Hauaen X Haugen
Millar X Millar
YES
NO
ruN-
Frank Boyles, Ity anager
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