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|March 29, 2018 City Council Regular Meeting|
14. Motion to Approve Five-Year Contract for Airport Business and Financial Consulting with DKMG Consulting, LLC and Ricondo & Associates, Inc.
The Savannah Airport Commission recommends approval to enter into a five-year agreement with DKMG Consulting, LLC and Ricondo & Associates Inc. for airport business and financial consulting. The Airport Commission is embarking on a 5- to 7-year capital expansion improvement program, and plans to utilize KPMG and Ricondo to assist with several upcoming large-scale tasks that include capital financing options/processes; tenant relocations and lease negotiations; and airline negotiations.
Staff is projecting a cumulative expenditure in the amount of $300,000.00 between the two firms during year one for the following services:
Brooks Stillwell, City Attorney
$300,000.00 (year one) in Savannah Airport Commission funds