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Consideration of request by Finance Director for approval of a contract with Prism Technical for the creation and monitoring of a Procurement Equity Participation Plan (Participation Plan) for the Mandel Group's Harlow and Hem multi-unit residential proposal, in an amount not to exceed $86,937.00
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Submitted by:
John Ruggini
Department:
Finance Department
A. Issue
The Procurement Equity Policy requires Tax Increment Financing projects include required Disadvantaged Business Enterprise (DBE) and Distressed Zip Code hiring inclusion. A contract with Prism Technical for the creation and monitoring of a Participation Plan to facilitate meeting this policy for the Mandel Group "Harlow and Hem" multi-unit residential project at the Blanchard Street parking lot property as well as 7463 Harwood Ave and 7460 Blanchard Street is recommended for approval.
B. Background/Options
The City of Wauwatosa approved a term sheet with the Mandel Group for financial assistance through Tax Increment Financing (TIF) to assist with financing the construction of a 157-unit market rate apartment building. Construction is scheduled to begin in summer 2025 and last 20-30 months.
Included in the proposed term sheet is the requirement that the Developer hire or sub-contract with firms registered as Disadvantaged Business Enterprises with Milwaukee County or the State of Wisconsin Department of Transportation to complete 25% of the construction and professional services work. In addition, the developer is required to set a goal of hiring 25% of their additional construction work force from distressed zip codes within Milwaukee County.
City staff do not have capacity or technical knowledge to do this type of monitoring. In 2021, three firms with experience in southeast Wisconsin were solicited to provide proposals. Only Prism Technical submitted a proposal. The City has worked with Prism on three projects through completion including the MSP project at the Mayfair Collec...
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