Title
Amend Ordinance to Add Section 18/32 Home Ownership Programs Funding to Accurate Appraisals U.S.A., LLC Contract (Ordinance S-51260)
Description
Request to authorize the City Manager, or his designee, to amend Ordinance S-48272 to add up to $61,000 in U.S. Department of Housing and Urban Development (HUD) Section 18/32 Home Ownership Programs funding and to take all necessary actions and execute all documents for home appraisal services. Further request to authorize the City Controller to disburse all funds related to this item. There is no impact to the General Fund.
Report
Summary
On January 26, 2022, City Council approved Ordinance S-48272 to enter into an agreement with Accurate Appraisals U.S.A., LLC in an amount not to exceed $125,000 to provide single family home appraisal services for the Housing Department’s scattered site properties. The term of the agreement started on or about February 1, 2022, and ends on January 31, 2027.
Housing Department is seeking approval for additional funding of $61,000 in Section 18/32 Home Ownership Programs funds to cover unforeseen costs with additional appraisals needed for the City owned houses.
Financial Impact
The new aggregate contract value will not exceed $186,000 (including applicable taxes). The contract is funded with Section 18/32 Home Ownership Programs funds. There is no impact to the General Fund.
Concurrence/Previous Council Action
Ordinance S-48272 was approved at the January 26, 2022, Formal Meeting.
Department
Responsible Department
This item is submitted by Deputy City Manager Gina Montes and Housing Department.