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<br />6.1G <br />Page 1 <br /> <br />REPORT <br /> <br />To the Honorable Mayor and Qity Council <br />Frorn thØ City M~rtä:gër <br /> <br />May 8, 2006 <br /> <br />Subject <br />Agreement with Hanson, Bridgett, Marcus, Vlahos and Rudy, LLP ("Hanson Bridgett") <br />for legal services in regards to Century Theater US 101 site. <br /> <br />Recommendation <br />Approve and Authorize the City Manager to Execute the Agreement between the City of <br />Redwood City and Hanson Bridgett, for an amount not to exceed $50,000. <br /> <br />Background <br />Consideration is being given to the old Century Theater site east of US 101. The City <br />needs special legal expertise to assist in structuring a potential real estate agreement <br />regarding this site. <br /> <br />The "Not-To-Exceed" cost figure is an estimate for legal services for the first three <br />months. At the end of that time period, City Staff will have a better estimate for future <br />costs to culminate an agreement. <br /> <br />Alternative <br />This work could be done by the City Attorney's office, but given their small staff they <br />would have to cut back on all their day to day support of city departments. <br /> <br />Fiscal Impact <br />The estimate for the first three months is $50,000. At the end of that time if an agreement is <br />possible we will be better able to estimate future costs. The City has not budgeted for these <br />costs and so this one time costs will have to come from general fund reserves. Economic <br />Development is one of the eight areas where Council wished to see FY06-07 budget <br />option~.~,. / <br />// / // ¡J/ <br />(/ . / l 1/ {,.{I/. ,,/ <br />... 'i / ..1 ,..."" <br />/. 1 ,," . <br />) v/..:""'" (' l'l/ <br />".'11 1/ l/~' .v <br />Ed"Éverétt <br />City Manager <br /> <br />Attachment: <br />Agreement between Hanson Bridgett and the City of Redwood City <br /> <br />