The City of Coppell
File #: 2024-7836    Version: 1 Name: Verdunity - fiscal impact analysis
Type: Agenda Item Status: Passed
File created: 12/20/2024 In control: City Council
On agenda: 1/28/2025 Final action:
Title: Consider approval of award RFP #212 Development Strategy and Financial Analysis to Verdunity, Inc., in the amount of $154,700 as provided for by the American Rescue Plan Act (ARPA) fund; and authorizing the City Manager to sign any necessary documents.
Attachments: 1. Memo.pdf, 2. Proposal.pdf, 3. RFP Scoring.pdf, 4. Agreement.pdf

Title

Consider approval of award RFP #212 Development Strategy and Financial Analysis to Verdunity, Inc., in the amount of $154,700 as provided for by the American Rescue Plan Act (ARPA) fund; and authorizing the City Manager to sign any necessary documents.

 

Summary

In advance of the Comprehensive Land Use Plan update, staff wanted to hire a consultant to complete an in-depth fiscal analysis of current and future development patterns and use this information to educate staff, elected officials and residents on ways that the city can redevelop in a way that is financially sustainable.

 

Fiscal Impact:

The fiscal impact of this item is $154,700.00, as provided for by the American Rescue Plan Act (ARPA) fund.

 

Staff Recommendation:

Staff recommends approval.

 

Strategic Pillar Icon:

 

Enhance the Unique 'Community Oasis' Experience

Future Oriented Approach to Residential Development

Create Business and Innovation Nodes

Implement Innovative Transportation Networks

Sustainable Government