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REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM <br />Appropriation <br />Agenda Date Requested:1/21/13 <br />Source of Funds:Fund 038 <br />Requested By:Corby D. Alexander <br />Account Number:038-6030-565-50-07 <br />Department:CMO <br />Amount Budgeted:$25,000 <br />Report:xResolution:Ordinance: <br />Amount Requested:$24,947 <br />Exhibits:Catalyst Proposal <br />YESNO <br />Budgeted Item: <br /> <br />SUMMARY & RECOMMENDATION <br />During the budget discussions for the 2012-13 FY, the Board of Directors approved the <br />expenditure of $25,000 for a retail study for the City of La Porte. Working with the Purchasing <br />Department, staff prepared a RFP for the study,which was distributed in December 2012. <br />Proposals were received from 4 firms. An evaluation teamcomprised of La Porte Development <br />Corporation Board members and City staff interviewed all four firms and hasrecommended <br />Catalyst Commercial as the highest rated firm based onthe team’sinterviews and the submitted <br />proposal. <br />Catalyst was chosen as the top firm based on the following reasons: <br />Catalyst’s proposal was within the established budget for the project. It was the only proposal to <br />be within budget.This pricing proposal includes travel and reimburseables. <br />The team highly valued the fact that Catalyst’s President was very active within the leadership of <br />ICSC (international Council of Shopping Centers). These connections through ICSC will be key <br />to recruiting and attracting firms to La Porte. <br />Catalyst received excellent references from those provided. <br />The team was also pleased with Catalysts’ philosophy that the job was not done until there was <br />tangible progress made. Instead of providing the retail study and walking away, Catalyst will <br />ensure that the study and its contents are used to land retail establishments in La Porte. <br />Action Required by La PorteDevelopment CorporationBoard: <br />Consider approval or other action to award RFP No. 13501 Retail Market Analysis and Strategy to <br />Catalyst Commercial. <br />Approved for La Porte Development Corporation Board Agenda <br />Corby D. Alexander, City ManagerDate <br /> <br />