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File #: 22-1186    Version: 1 Name:
Type: Purchasing Status: Agenda Ready
File created: 8/24/2022 In control: City Commission
On agenda: 9/6/2022 Final action:
Title: RESOLUTION NO. 140-22: A RESOLUTION OF THE CITY OF DELRAY BEACH, FLORIDA, APPROVING AN AGREEMENT WITH CBRE, INC. FOR TENANT BROKER AND REAL ESTATE CONSULTING SERVICES TO CONDUCT A PLANNING STUDY FOR CONGRESS AVENUE; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY RENEWALS AND/OR AMENDMENTS THERETO AND TAKE ALL ACTIONS NECESSARY TO EFFECTUATE THIS AGREEMENT; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
Sponsors: Economic Development Department, Development Services Department, Purchasing Department
Attachments: 1. Agenda Cover Report, 2. Resolution No. 140-22 CBRE Congress Ave Planning Study, 3. Agreement_CBRE Congress Ave Study, 4. CBRE - Streetsense Congress Ave Planning Study_revised, 5. Legal Review Checklist form v. 7 CBRE Congress Ave Planning Study
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: Mayor and Commissioners
FROM: Sara Maxfield, Economic Development Director & Anthea Gianniotes, Development Services Director
THROUGH: Terrence R. Moore, ICMA-CM
DATE: September 6, 2022

Title
RESOLUTION NO. 140-22: A RESOLUTION OF THE CITY OF DELRAY BEACH, FLORIDA, APPROVING AN AGREEMENT WITH CBRE, INC. FOR TENANT BROKER AND REAL ESTATE CONSULTING SERVICES TO CONDUCT A PLANNING STUDY FOR CONGRESS AVENUE; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY RENEWALS AND/OR AMENDMENTS THERETO AND TAKE ALL ACTIONS NECESSARY TO EFFECTUATE THIS AGREEMENT; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.

Body
Recommended Action:
Recommendation
Motion to approve Resolution No. 140-22 approving an agreement with CBRE, Inc., for tenant broker and real estate consultancy services for a planning study for Congress Avenue.

Body
Background:
The Development Services Department and Department of Economic Development are working collaboratively to plan for future development considerations on the Congress Avenue corridor. The study area is the full length of the corridor within the city. The agreement will provide consultant support to analyze and provide recommendations regarding a development strategy on Congress Avenue with the goal of balancing commercial and housing growth, understanding the tax base implications, and better integrating the corridor with its surrounding uses. The consultants will perform assessments including physical environment, market opportunity, business environment, and administrative capacity. Following the assessments and stakeholder engagements, recommendations will be offered on redevelopment and capital investment strategies, tenanting and retail strategies, policy and regulatory recommendations, and promotion and marketing of the corridor.

City Attorney Review:
Reviewed as to form and legal sufficiency.

Funding Source/Financial Impact:
$98,750 will be funded from Development Services Professional Services account, 001-26-200-51...

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