Council approves $2.39 million construction‑management contract for Parks Plaza funded by tax‑increment revenues
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Summary
The council approved a professional services agreement with Brandon CS for construction management of the Parks Plaza project; the contract is to be funded from Tax Increment Reinvestment Zone revenues and not from the city’s general fund.
The City Council approved a professional services agreement with Brandon CS for construction management services for the Parks Plaza project (TIRZ No. 2), in an amount not to exceed $2,394,886.46.
Staff explained the project is being advanced using Tax Increment Reinvestment Zone (TIRZ) financing and that the TIRZ board recommended the contract; because the TIRZ is a financing mechanism the actual contract is between the city and the construction‑management firm. Staff said the TIRZ cannot itself enter contracts or issue debt; the city previously issued a $3,575,000 revenue note obligating TIRZ revenues and budgeted the project in a prior fiscal year.
Council had no further questions and voted to approve the contract; the meeting record shows the motion carried 7–0. Staff said no city general‑fund dollars are being used for this phase; funding comes from TIRZ revenue (phase 1). The presenter said city staff and TIRZ representatives will oversee the construction‑management firm, and that bids for construction were already in place.
Ending: With contract approval the city authorized the construction‑management services to proceed under the stated contract cap; staff will administer the agreement and report back to council as the project advances.