Title
Contract Extension for Real Estate and Brokerage Services for Citywide Projects (Ordinance S-49003)
Description
Request authorization for the City Manager, or his designee, to extend the term of the real estate salesperson and brokers contracts for one year. Further request authorization for the City Controller to disburse funds related to this item.
Report
Summary
These contracts will provide the Finance Department Real Estate Division a Qualified Vendor List (QVL) for Real Estate Sales and Brokerage Services on an as-needed basis. The Real Estate Division contracts with real estate salespersons and brokers to assist in the disposition and leasing of City-owned property. Assignments will be made under a separate engagement letter based on required qualifications, specific to each property. With approval of this request, contracts with the following firms will be extended.
1. Berry Realty & Associates (Contract 146143)
2. Colliers International AZ, LLC (Contract 146148)
3. Colton Realty LTD dba Colton Commercial (Contract 146145)
4. Cushman & Wakefield (Contract 146144)
5. Helix Properties, LLC (Contract 146142)
6. Jones Lang Lasalle (Contract 146141)
7. Tina Waggoner Real Estate Services (Contract 146146)
8. R.O.I. Properties (Contract 146147)
9. West USA Commercial Services (Contract 146149)
Contract Term
The contract term for the extended contracts will be from Oct. 11, 2022 through Oct. 10, 2023.
Financial Impact
The contracts are revenue generating. The firms will be compensated from the proceeds of the sale of excess City-owned land.
Concurrence/Previous Council Action
Ordinance S-43936 was adopted on Oct. 4, 2017 for real estate salesperson and brokerage services.
Department
Responsible Department
This item is submitted by City Manager Jeffrey Barton and the Finance Department.