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Negotiations: After selection of a consultant based on qualifications, the city and the EDA will then enter <br />into negotiations as to the terms of the contract, all aspects of services and the compensation to be paid to <br />the consultant. <br />Inability to reach agreement: In the event the negotiations between the most qualified consultant(s) <br />selected and the city and the EDA cannot be completed as a result of an inability to reach agreement on <br />the fee for services or the scope of work to be performed, then at the option of the city and the EDA, the <br />contract may be awarded to the next most qualified consultant. Negotiations will continue in this sequence <br />until a contract is finalized or all proposals are rejected. <br />City Approval: The final contract will be submitted to the EDA for approval, and must also be approved <br />by the City Council. <br />Final Contract <br />The selected consultant will be required to assume responsibility for all services offered in its proposal and <br />will be considered the sole point of contact with regard to contractual matters, including payment of any <br />and all charges resulting from the contract. <br />The selected consultant will be required to enter into a standard contract for professional services <br />agreement with the city. The city and the EDA reserve the right to negotiate the terms and conditions of <br />the contract with the selected consultant. <br />Submission of Proposal & Deadline <br />Submit one (1) original, and a thumb drive as a PDF file of the proposal to the city office no later than <br />4:00 p.m. March 2, 2020 in a sealed envelope to: <br />Attn: Economic Development Director <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Each proposal must be sealed and signed by a person having the authority to bind the consulting firm in a <br />contract. All proposals must be signed and dated. Proposals not signed and dated will be rejected. <br />Schedule of Important Dates <br />Release of RFP December 17, 2019 <br />Deadline for Written Questions and Inquiries February 24, 2020 <br />Proposal Submission Deadline March 2, 2020 <br />Interviews with shortlisted firms April 20, 2020 <br />