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15378 1 RESOLUTION NO. 15,378 2 3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER 4 INTO A CONTRACT WITH THE LITTLE ROCK REGIONAL CHAMBER 5 OF COMMERCE, IN AN AMOUNT NOT TO EXCEED TWO HUNDRED 6 FIFTY THOUSAND DOLLARS ($250,000.00), TO PROVIDE ECONOMIC 7 DEVELOPMENT CONSULTING SERVICES; AND FOR OTHER 8 PURPOSES. 9 10 WHEREAS,Article 12,Section 5(b)(2)of the Arkansas Constitution permits a municipal government 11 to enter into a contract for Economic Development Services; and, 12 WHEREAS, the City of Little Rock seeks to expand its economic base by contracting with an 13 organization for Economic Development Services; and 14 WHEREAS,after a competitive Request for Qualifications process in which the Little Rock Regional 15 Chamber of Commerce was the only respondent,the selection committee,appointed by the City Manager, 16 scored the technical proposal as qualified and has recommended that this contract be awarded to the Little 17 Rock Regional Chamber of Commerce; 18 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 19 OF LITTLE ROCK,ARKANSAS: 20 Section 1. The Board of Directors hereby authorizes the City Manager to enter into a contract with 21 the Little Rock Regional Chamber of Commerce to provide Economic Development Consulting Services 22 to the City in accordance with the terms and conditions offered in the proposal submitted in response to 23 the request for proposals Bid No. 1047 in an amount not to exceed Two Hundred Fifty Thousand Dollars 24 ($250,000.00)per year;provided,that the initial agreement shall extend from the date of execution of the 25 contract to December 31,2021;and,provided further,that by mutual agreement of the parties the contract 26 can be extended for the same amount of consideration for a full one(1)-year term beginning on January 1, 27 2022; and, provided further, that by mutual agreement of the parties, the agreement may be extended for 28 additional one (1)-year terms for the same amount of consideration but in no event, not after December 29 31,2024. 30 Section 2. Funds for the Economic Development Consulting Services pursuant to the contract 31 authorized by this resolution will be made available through Account No. 100000-63390. 32 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 33 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 34 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and [Page 1 of 2] 1 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the 2 resolution. 3 Section 4. Repealer. All resolutions, bylaws, and other matters inconsistent with this resolution are 4 hereby repealed to the extent of such inconsistency. 5 ADOPTED: January 19,2021 6 ATTEST: APPROVED: 7 8 ?kW/Li( 9 Allison Segars,De City Clerk Frank Scott,Jr., May 10 APPROVED AS TO LEGAL FORM: 11 12lit. --.5 �/(/ . 13 Thomas M.Carpenter,City At rney 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // 35 // (Page 2 of2I