Submitted By
Tammie Grossman
Reviewed By
A.M. Zayyad
Agenda Item Title
Title
A Resolution Approving A Professional Services Agreement with S.B. Friedman & Company in an Amount Not to Exceed $30,260 and Authorizing its Execution
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Overview
Overview
This is a resolution to approve a Professional Services Agreement with S.B. Friedman & Company to research Sustainable Incubator Projects in an amount not to exceed $30,260. The proposal was received in response to the Village's Request for Proposal.
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Recommendation
Recommendation
Adopt the Resolution.
Fiscal Impact
As part of the FY 2022 Budget, the Village budgeted $10,000 in line item 1001.46260.101.530667 for this project. If the Board wants to proceed with the project, a budget amendment will be presented for $20,260 in additional funds from the fund balance.
Background
As part of the Board Goals, the Board wanted to pursue obtaining a feasibility study for a sustainability incubator project. In the FY2022 Budget, the Board budgeted $10,000 for the feasibility study.
On October 28, 2021, Deputy Village Manager Zayyad and Director Grossman met with Trustee Parakkat to discuss what a Request for Proposals/Qualifications would include to determine the feasibility of a sustainability incubator project. Based on that meeting, it was discussed that the basic idea of the sustainability incubator project is a place and/or program where entrepreneurs may work on sustainable startup concepts and/or individuals could receive training to allow them to embark on careers involving sustainability.
On February 28, 2022, the Village Board reviewed the Request for Proposal and authorized its issuance.
The Request for Proposals/Qualifications sought to hire a consultant to conduct the following
activities:
1. Research and provide examples of sustainability incubator projects including a review of sponsors (government, education, or private) of this type of activity;
2. Overview of sources of funding availa...
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