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<br />CASE #3 <br /> <br />Consider Proposal of Consulting Services: The Banker, LLC <br />By: Kurt Ulrich, City Administrator <br /> <br />BACKGROUND: <br />Attached is a proposal for consulting services from The Banker, LLC to provide services in <br />acquisition of selected real estate assets. The consultant provides particular expertise in the areas <br />real estate and banking. <br /> <br />In certain real estate transactions, the HRA will need to deal with lenders that have acquired the <br />property through foreclosure. This consultant will be able to provide advice and strategic <br />direction in the acquisition of targeted parcels. <br /> <br />The consultant would work at the direction of the City Administrator and in conjunction with the <br />City Attorney on an hourly basis. References will be reviewed prior to hire. <br /> <br />STAFF RECOMMENDATION: <br />It is recommended that the HRA approve consultant services with The Banker, LLC, at an hourly <br />rate of$350 as outlined in the proposal in an amount not to exceed $5,000. <br /> <br />BOARD ACTION: <br />Based upon discussion. <br /> <br />/~ <br />/- () <br />i(lb~- <br /> <br />l <br />