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POLICY PROPOSAL
DATE FILE NUMBER - SUBJECT EMPLOYMENT OF HALCYON, LTD. PAGE-1—OF-2-
6/28/881
1—OF-2-6/28 88 C.P: 131,.:4 AS STOCKYARDS ADVISOR
PROPOSAL PROPOSED BY: Y MANAGER' REVIEW
SEE PAGE TWO
BACKGROUND
The Stockyards is recognized as an essential element in the City's attraction to
tourists and conventions. The continuing development of the Stockyards as a
western tourist attraction is very important to the future of the City. There is
strong interest in increasing revitalization of the Stockyards area and exploring
ways to encourage further development.
To assist the City with the Stockyards development, it is desirable to have
available an experienced real estate consultant with experience in complex urban
redevelopment projects in historically significant areas. This independent
consultant could give recommendations to the City as the issues come forward.
One such recognized firm is Halcyon, Ltd.
PROPOSAL_
It is recommended that the City Manager be given authority to hire the firm of
Halcyon, Limited to provide preliminary recommendations regarding advisory
services to the City of Fort Worth on the Stockyards development strategies.
This preliminary phase should not exceed $5,000 and would result in a
presentation by the company to the City Council at the July 5th work session.
After the work session presentation, the City Council will give guidance to the
City Manager on the use of the company for assistance in the Stockyards area.
LEGALITY:
There are no legal impediments to this proposal .
FISCAL NOTES:
This is an unbudgeted item. However, there are sufficient funds in General Fund
01 , Non-Departmental Account #90-I1-00, Index Code 231530.
LEGALITY ❑
FISCAL NOTE ❑
CITY MANAGER'S COMMENTS ❑
POLICY PROPOSAL (cont'd) PAGE_OF
CITY MANAGER'S COMMENTS:
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The City Manager has reviewed this proposal and believes it to be a positive step
towards the continuing revitalization efforts in the Stockyards area.
Submitted by:
1) Councilman Garey Gilley 2) Councilman Louis Zapata
District b District 2
3) Councilman Estil Vance 4) Councilman William Garrison
District 9 District 3
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CITY OF FORT WORTH