5F Approve Contract with Hill Capital Strategies, Inc.

Home Browse Search

I -�S EN HILLS MEMORANDUM DATE: November 14, 2011 TO: Mayor and City Council FROM: Patrick Klaers, City Admi �" r o GC.«�' SUBJECT: Hill Capital Strategies, Inc. Background/Discussion In spring, 2011, the City hired Hill Capital Strategies, Inc. to monitor stadium activities at the regular session of the State Legislature. At the October 24, 2011 wark session, under the TCAAP/Stadium agenda item, the Council' discussed, and was in general agreement, that it was in the City's best interest to again hire Hill Capital Strategies, Inc. as the Vikings stadium proposal is possibly moving forward this fall. In this regard, staff has met twice with Todd Hill to discuss contract terms and conditions. Attached for your review and consideration is a weekly contract for consulting services that is subject to revisions if a special session takes place. The proposed fee of $1,200 per week is the same as the amount negotiated in the contract this past spring. Approval of this contract gives staff clear direction to promote the Arden Hills site for the stadium proposal. Recommendation It is recommended that the City Council approve a motion approving the consulting contract between the City and Hill Capital Strategies, Inc.