Title
Resolution to Approve the Third Amendment to Professional Services Agreement with Miller, Canfield, Paddock and Stone, PLC, for Legal Services Related to the Arbor South Project and Appropriate Funds ($100,000.00) (8 Votes Required)
Memorandum
The City has engaged in negotiations with the developer of the property at 2845 S. State Street regarding a proposed 1,000+ multi-family housing development that includes a hotel and commercial space (the "Arbor South Project").
The Arbor South Project is proposed as a public-private partnership that includes City participation through ownership of three parking decks funded in part by limited tax general obligation bonds, and a Brownfield Plan to capture tax increment from the site.
The City has retained the services of Miller, Canfield, Paddock and Stone, PLC to represent the City in negotiations with the developer, advise on bonding and Brownfield Plan matters, and prepare agreements, including a public-private partnership agreement, for Council consideration.
Including amendments 1 and 2, the contract with Miller, Canfield, Paddock and Stone, PLC, has reached $75,000 for legal services.
Although the amount of time and cost of legal services going forward cannot be predicted with certainty, the total cost of the firm's additional legal services is expected to be approximately $100,000 for a total contract amount of $175,000.
Miller, Canfield, Paddock and Stone, PLC, complies with the City of Ann Arbor's Non-Discrimination and Living Wage Ordinances.
Approval of this third amendment in the amount of $100,000.00 to the professional services agreement with Miller, Canfield, Paddock and Stone, PLC, for legal services related to the Arbor South Project is recommended.
Budget/Fiscal Impact: It is being requested that the funding be appropriated from the General Fund unobligated fund balance to fund outside legal services in support of the Arbor South Project.
Staff
Prepared by: Nicole Vargas, Assistant C...
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