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 City Council to adopt the City of Mount Vernon Travel and Expense Policy, attached hereto as Exhibit A, as the official policy governing the incurrence, approval, reimbursement, and documentation of travel and related expenses for all City officials, employees, and authorized individuals; 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 advanc...
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