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<br />6.1F <br />Page 1 <br /> <br />REPORT <br /> <br />To the HpnOtäble M~y.Ot ä'nd QityQOll "ell <br />F=tOrD the Qity Mahager <br /> <br />May 8, 2006 <br /> <br />Subject <br />Agreement with Vogel Strategies for the Negotiation with Syufy (Century Theater) <br />regarding the use of their site by US 101 <br /> <br />Recommendation <br />Approve and Authorize the City Manager to Execute the Agreement between the Vogel <br />Strategies, a Consultant, for an amount not to exceed $120,000 <br /> <br />Background <br />The City has an interest in having the old Century Theater site east of US 101 develop <br />into an auto mall. To that extent the City is contracting the services of Phil Vogel (Vogel <br />Strategies) to assist in negotiations with the Syufy's and in locating interested auto <br />dealerships who would like to be part of such a development. <br /> <br />Alternative <br />An alternative approach is to ask staff to perform these services. Staff does not have <br />the extensive knowledge of, nor contact with dealerships to perform these services as <br />effectively and efficiently as the consultant. <br /> <br />Fiscal Impact <br />The maximum cost to Redwood City for this consultant would be $120,000, but if <br />negotiations are successful half of his actual cost up to $120,000 would be returned to <br />Redwood City. The City has not budgeted for these costs and so this one time cost would <br />have to come from general fund reserves, Economic development was one of the eight <br />areas where the Council wished to see FY 06-07 budget options. <br /> <br />There could be some other one time costs associated with this project (Le. site plans, etc.), <br />but th~I~ is no.certainty t~at this may happen. <br /> <br />/) " cL' <br />( ~ ,I?' <br />/ //",/ ',' II <br />. I' /' .I <br />J£" /::-",'7,'" "", ",1',""'_"""""-""'" <br />/" /,', .",.."v" 17:, ¡,.t.' <br />/" ,/,/",'(/1,/;,/ <br />.' " ¡' \,/ V ~ ~;" <br /> <br />Ed Everett . ,/ <br />City Manager <br /> <br />Attachment: <br />Agreement between Vogel Strategies and the City of Redwood City <br />