If city voters approve the bond in the Nov. 5 election, the consultant would be paid out of those funds.
Mayor Steve Tumlin said the most qualified candidate would be “somebody that understands private-side development” and who has a vision for the Franklin Road corridor and the contacts in the business community to make it possible.
The City Council in July asked staff to issue a request for qualifications to consider firms who are interested in managing the proposed redevelopment project.
The bond manager would consult with the city to acquire, demolish, sell and rezone Franklin Road properties for the development of new residential, commercial retail, office or light industrial buildings. The consultant would also design a master plan on how the city could succeed in improving the space, including the size of plots and the placement of new roads, Tumlin said.
“The mayor doesn’t have the answers,” Tumlin said.
Tumlin said the bond manager should know what businesses are looking for a new market and how to quickly attract them to move in.
The job is a 24-month position.
“This is a consultant position and not a city employee position so there is no particular salary,” said city spokesperson Lindsey Thompson. “Each consultant will present their credentials and cost of services.”
The city’s first advertisement ran in the MDJ on Aug. 16 and while 12 development firms have requested information, there have been no applicants, Thompson said.
Councilman Grif Chalfant said if a qualified candidate does not apply, then the deadline could be extended.