Marietta reviewing bids for bond redevelopment post
by Rachel Miller
September 19, 2013 12:41 AM | 1367 views | 0 0 comments | 6 6 recommendations | email to a friend | print
MARIETTA — The city is reviewing seven firms to determine which may serve as the consultant overseeing the redevelopment of Franklin Road, should voters approve a $68 million bond in November.

The earliest the City Council could hire the consultant is Nov. 13.

A five-person review committee made of city employees will meet next week to review the submissions and recommend the top candidate to the City Council.

Beth Sessoms, Marietta’s director of economic development, said while the city is in the middle of the selection process, the firms’ credentials or cost of services cannot be publicized.

“We will first review the proposals and then determine if we want to interview the top candidates,” Sessoms said.

The two-year consultant position would not be a city employee, but would work under a two-year contract with the city. The contractor would be paid out of the funds from the $68 million bond, if it is approved by voters.

“Once approved and selected, (the consultant) would begin ASAP if the bond passes on Nov. 5,” Sessoms said.

Council requests qualifications

In July, the City Council asked staff to issue a request for qualifications to firms who are interested in managing the proposed redevelopment project. The city accepted applications from Aug. 16 until Tuesday afternoon.

Councilman Philip Goldstein said he wants to know the basis for the review committee’s decision.

“I am not going to prejudge,” Goldstein said. “I will give staff the opportunity to present their recommendation.”

Mayor Steve Tumlin said 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 plan on how to market the space to draw in developers, including the size of plots and the placement of new roads, Tumlin said.

Goldstein said he wants the most qualified person, or group, to tackle this city project, which requires experience in the acquisition of real estate.

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Seeking the job

Seven firms have applied for the redevelopment bond manager position:

• Jeremiah Consulting based in Kennesaw.

• Bleakly Advisory Group located near Sandy Springs.

• Trimont Real Estate Advisors from Atlanta, with offices in The Netherlands, New York and California.

• CBRE Group, Inc. in Atlanta, with international headquarters in Los Angeles

• Jones Lang LaSalle office in Marietta, with headquarters in Chicago.

• Retail Development Consultants Inc. based in Marietta.

• Red Rock Global, LLC off Peachtree Street in Atlanta.

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