CITY OF McKINNEY, TEXAS - File #: 15-1239

• File #: 15-1239
• Name: Amended Agreement with Red Media Group
• Type: Agenda Item
• Status: Approved
• In control: McKinney Economic Development Corporation
• On agenda: 12/15/2015
• Final action: 12/15/2015
• Title: Consider/Discuss/Act on an Amended Agreement with Red Media Group

Date	Ver.	Action By	Action	Result
12/15/2015	1	McKinney Economic Development Corporation	Approved	Pass

title

Consider/Discuss/Act on an Amended Agreement with Red Media Group

Summary

ITEM SUMMARY: 

•                     The PRIL Committee selected Red Media Group as its preferred consultant for the 84^th  Legislative Session and was satisfied with services received during that session.

•                     The amended contract will also include the City of McKinney and the McKinney Chamber.

•                     Red Media group will promote the City’s interests at the state level and keep the City, Chamber, and MEDC updated as other applicable issues arise.

•                     The agreement between Red Media Group and the City, Chamber, and MEDC will begin December 1, 2015 and end November 30, 2017.

•                     The City Council approved Resolution 2015-12-150 approving the amended agreement.

BACKGROUND INFORMATION: 

•                     The PRIL Committee competitively procured Red Media Group in May 2012 for consulting services during the 83^rd Legislative Session.

•                     The PRIL Committee went on to interview two alternative consulting firms, of which they selected Red Media Group as the preferred vendor.

FINANCIAL SUMMARY: 

•                     There will be a monthly flat fee of $5,000 of which the MEDC will pay one third.

•                     Reimbursable expenses up to $3,000 per year of which the MEDC will pay one third, if needed.

•                     Over the two year term, the cost to the MEDC will be $40,000, not to exceed $42,000.