SR-06-14-2005-1G
RMD:EDD:F:\RESOURCE\SHARE\STAFFREPORTS\Provenzano LicenseAgreement.doc
Council Meeting: June 14, 2005 Santa Monica, California
To: Mayor and City Council
From: City Staff
Subject: License Agreement with Provenzano Resources, Inc. for Operation of the
Supplemental
Third Street Promenade Vending Cart Program –
Information – Item 1G
INTRODUCTION
The purpose of this Supplemental Information is to clarify a sentence that appeared in
the Staff Report. The last sentence of the paragraph under “Discussion” stated that
BDC had approved staff’s recommendation regarding Provenzano Resources Inc.
(PRI). At it’s meeting April 28, 2005, staff advised BDC of its intent to recommend PRI
to the City Council. Individual BDC members expressed support for this
recommendation, but the Board was not asked to make a motion to formally
recommend this vender. The language below corrects the statement regarding BDC’s
position on this matter.
Paragraph Corrected:
DISCUSSION
PRI is a full service retail real estate consulting firm specializing in creating, managing,
and leasing common area and short term retail programs for clients. The managing
partners and principals, Ross V. Provenzano and Deborah S. Kravitz, have over 50
years of combined experience in this and related fields, as well as a network of highly
qualified specialists serving in support of these functions. PRI has been in business for
over eight years, and their clients included Fashion Island and Irvine Spectrum Center
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in Orange County, The Grove in Los Angeles, Paseo Colorado in Pasadena, and
numerous other clients across the country. PRI offers custom designed carts,
merchant training and development, and programs that reach out to local
entrepreneurs. They also have an extensive network of artisan and handicraft vendors.
They adhere to high standards of quality in terms of merchandise selection, cart design,
and accountability. At its April 28, 2005, BDC meeting, staff advised the Board of its
intent to recommend PRI to the City Council and reviewed with them the process that
had been followed. Individual BDC members expressed support, but the Board was not
asked to make a formal motion to forward to the City Council. PRI’s references are
Deleted:
as well as the BDC.
outstanding, and their selection is recommended by staff.
Prepared by: Jeff Mathieu, Director, Resource Management Department
Miriam Mack, Economic Development Manager
Gretchen Kubacky, Senior Real Estate Analyst
Reference Contract No. 8480 (CCS).
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