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Resolution authorizing a contract with Prism Technical for creation and monitoring of Procurement Equity Participation Plan for the MSP multi-unit residential proposal
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WHEREAS, the City of Wauwatosa received an application from MSP Real Estate for financial assistance through Tax Increment Financing (TIF) to assist with financing a portion for construction at an 80 unit housing project at the Mayfair Collection;
WHEREAS, included in the proposal are requirements of the City's Procurement Equity policy and the city staff do not have capacity or technical knowledge to conduct this type of monitoring and Prism Technical was the sole company that submitted a proposal in 2021;
NOW THEREFORE BE IT RESOLVED by the Common Council of the City of Wauwatosa that the proper city officials enter into a contract with Prism Technical and authorize a level three fund transfer to establish a budget for the contract to be paid with TIF 7 funds.
By: Financial Affairs Committee
recommendation
Recommendation: Approve 6-0