Board of Estimate & Contract:
RESOLVED, that a resolution adopted by the City Council on August 14, 2025, and signed by the Mayor on August 15, 2025, authorizing the Issuance of a Request for Proposals/Qualifications (RFP/Q) for a Consultant Team to Implement the "Innovative Finance & Asset Management Initiative" Under Referral #Comp2025-15 - (to be funded through the $1,000,000 Innovative Finance & Asset Concession Grant Program award from the United States Department of Transportation); be, and the same is hereby approved.
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 ...
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