City Council:
AN ORDINANCE AUTHORIZING THE ISSUANCE
OF A REQUEST FOR PROPOSALS/QUALIFICATIONS
(RFP/Q) FOR A CONSULTANT TEAM TO
IMPLEMENT THE “INNOVATIVE FINANCE AND
ASSET MANAGEMENT INITIATIVE” UNDER
REFERRAL #COMP2025-15
Whereas, in correspondence dated August 8, 2025, the Comptroller formally requested authorization for the Office of the Comptroller, in coordination with the Mayor’s Office and other relevant City departments, to prepare and issue a formal Request for Proposals/Qualifications (RFP/Q) seeking consultant teams with expertise in real estate, economic development, and public/private partnership structuring to support the Innovative Finance and Asset Management Initiative; and
Whereas, the City of Mount Vernon seeks to improve the management and strategic use of its real property assets for the benefit of the community; and
Whereas, the City has received funding through the United States Department of Transportation’s $1,000,000 Innovative Finance & Asset Concession Grant Program to support the “Innovative Finance and Asset Management Initiative”; and
Whereas, the Initiative will engage qualified consultant teams composed of experienced real estate, economic, and development professionals to provide specialized advisory services to the City; and
Whereas, the selected consultant team will assist in developing several public/private partnerships (P3) and in undertaking pre-construction processes to identify and prioritize viable projects; and
Whereas, these consultant services will include, but not be limited to:
1. Soliciting and negotiating asset concessions, including hiring staff to manage these and other related efforts;
2. Conducting financial analyses related to concessions, public debt, and procurement opportunities;
3. Evaluating options for the structure and use of funds from asset concession payments;
4. Evaluating and presenting project risks and benefits for public accountability;
5. Identifying best practices to protect the public interest and advance environmental and social equity priorities; and
6. Identifying best practices for facilitating and enhancing public transit use and access as it relates to the City’s assets; and
Whereas, the City Council finds it in the best interest of the City of Mount Vernon to authorize the issuance of a Request for Proposals/Qualifications to secure such consultant services; Now, Therefore, Be It Resolved That
The City of Mount Vernon, in City Council convened, does hereby ordain and enact:
Section 1. Authorization to Issue RFP/Q. The City Council hereby authorizes the Office of the Comptroller, in coordination with the Mayor’s Office and other relevant City departments, to prepare and issue a formal Request for Proposals/Qualifications (RFP/Q) seeking consultant teams with expertise in real estate, economic development, and public/private partnership structuring to support the Innovative Finance and Asset Management Initiative.
Section 2. Scope of Work. The RFP/Q shall outline the scope of work, which shall include, but not be limited to:
(a) Soliciting and negotiating asset concessions;
(b) Conducting financial analyses related to asset concessions, public debt, and procurement opportunities;
(c) Evaluating options for structuring and utilizing asset concession payment funds;
(d) Evaluating and presenting project risks and benefits transparently;
(e) Identifying best practices to protect public interest while advancing environmental and social equity goals;
(f) Identifying and recommending measures to facilitate public transit usage and access in relation to City assets.
Section 3. Funding Source. The services authorized under this Ordinance shall be funded through the $1,000,000 Innovative Finance & Asset Concession Grant Program award from the United States Department of Transportation.
Section 4. Implementation. The Comptroller and Mayor are authorized to take all necessary steps to advertise, receive, evaluate, and recommend proposals for selection, and to report the results to the City Council for final approval of a contract award.
Section 5. Effective Date. This Ordinance shall take effect immediately upon its adoption by the City Council and subsequent approval by the Board of Estimate and Contract.