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Fulshear Development Corporation approves three-year retail recruitment agreement with Retail Strategies LLC
Summary
The board approved a three-year agreement with Retail Strategies LLC for retail recruitment; first-year cost $45,000 with a 50/50 cost-share pledged by a partner board, 30-day termination clause and monthly reporting requirements were emphasized.
The Fulshear Development Corporation on Jan. 27 adopted a three-year retail recruitment agreement with Retail Strategies LLC after staff reported negotiations and legal review of the contract.
Staff told the board the contract’s first-year fee is $45,000 and that a partner board had approved covering 50 percent of that cost; the contract would therefore be split 50/50 between the two boards, the packet states. The agreement includes a 30-day termination provision with no penalty, staff said.
Board members pressed staff on performance monitoring and the schedule for payments.…
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