Terminate advisory agreement with Mortgage Resolution Partners after 1 year
In Plain English
The city hired Mortgage Resolution Partners last year to provide advisory services. The initial contract runs for 1 year and is now ending. If approved, the city ends this partnership and will not renew the agreement.
Auto-generated summary. Source: official agenda documents.
Votes
Continue the item for 30 days
4 to 3
Why This Vote Matters
The council voted in a divided 4-3 decision to delay ending their partnership with Mortgage Resolution Partners for another 30 days rather than terminating it immediately. The city hired this company last year to provide advisory services on mortgage-related issues, and the original one-year contract was set to expire. Councilmembers Bates, Boozé, Butt, and Rogers supported the delay, while Beckles, McLaughlin, and Myrick wanted to end the partnership now. The 30-day postponement means the council will revisit this decision at a future meeting before making a final choice about whether to continue or terminate the advisory relationship.
Auto-generated context. Source: official meeting records.
Other motions
Adopt a resolution to terminate the Advisory Service Agreement with Mortgage Resolution Partners, LLC
FailedSimilar Discussions
5 related items found by meaning
Terminate advisory agreement with Mortgage Resolution Partners after 1 year
Hire Mortgage Resolution Partners to help reduce foreclosure crisis using eminent domain
Approve 2-year contract with NHA Advisors for municipal consulting services
Hire Public Resources Advisory Group for financial advisory services
Declare intent to contact lenders about nonprofit program to prevent foreclosures
The Story So Far
Related items from other meetings
Sole-Source Contract with Logik Systems, Inc.
Contract with Michael Schwab Studio for Port Visual Identity and Logo Design Services
Cooperative Purchasing Agreement with Motive Technologies, Inc. for Fleet Management Technology Solutions
Agreements with AAA Workspace, Blaisdell’s Business Products, and Staples Contract & Commercial LLC for Office Supplies and Paper Products
Updates on Ongoing and Upcoming Assessment, Study, and Project Timelines and Opportunities for Strategic Coordination
Contract with Vine Electric Inc. for Point Potrero Marine Terminal High Mast Light-Emitting Diode Upgrade
Contract with Danny Walker for Sports Officiating Services
Contract with Jason Corburn for Data System, Maintenance, Evaluation, and Reporting Services
Legal Services Agreement with Anzel Galvan, LLP to Serve as Bond Counsel
Economic Revitalization Strategy for Downtown Richmond and Macdonald Avenue Corridor