Title
Economic Impact Analysis for Margaret T. Hance Park (Ordinance S-43374)
Description
Request to authorize the City Manager, or his designee, to enter into a contract with Hunden Strategic Partners, Inc., to develop an economic impact analysis for Margaret T. Hance Park.
Report
Summary
The purpose of this study is to develop objective economic data to inform potential sponsors and donors regarding the future economic impact of a fully implemented Hance Park Master Plan. The economic data will be used to assist the City's partners in solicitation of private and non-profit partnerships to be able to realize Hance Park's development.
Three proposals were received by the Parks and Recreation Department for the Request for Proposal (RFP) issued on Nov. 28, 2016 for the economic impact analysis for Margaret T. Hance Park. Following is the tabulation of the proposal scores received:
Applied Economics: 66
HR & A Advisors: 84
Hunden Strategic Partners: 90
Contract Term
The agreement term is for one year.
Financial Impact
Cost for the economic impact analysis will not exceed $50,000, and includes all consultants, subcontractor and reimbursable costs. Funds are available from the Parks and Recreation Department's Capital Improvement Program budget utilizing Phoenix Parks and Preserves Initiative funds.
Concurrence/Previous Council Action
This item was heard at the March 22, 2017 Parks, Arts, Education and Equality Subcommittee, and approval recommended by a vote of 4-0.
Location
Margaret T. Hance Park is a 32-acre public park located at 67 W. Culver St.
Department
Responsible Department
This item is submitted by Deputy City Manager Deanna Jonovich and the Parks and Recreation Department.