Title
Property Management Services for Affordable Housing Portfolio Groups A and B - Amendments to Ordinance S-46029 (Ordinance S-51262)
Description
Request to authorize the City Manager, or his designee, to execute amendments to Contracts 150961 and 150960 with Dunlap and Magee Property Management Inc. (Dunlap and Magee) and amend Ordinance S-46029 to extend the contract terms to February 28, 2025, or earlier. This additional time will allow the Housing Department time to solicit, award, and transition 11 properties to the new property managers, if needed.
Report
Summary
The Housing Department's Asset Management Division requires third-party property management services in connection with the operations of 11 multifamily rental developments, known as Groups A and B of the Affordable Housing Portfolio. The current contract terms end on October 31, 2024.
The Housing Department is seeking new contracts for the operations of Groups A and B of the Affordable Housing Portfolio and needs additional time to issue the solicitation, award and transition the 11 properties to the new property management company, if needed. The Housing Department intends to award on or before February 28, 2025.
Contract Term
Upon approval, Contracts 150961 and 150960 will be extended through February 28, 2025, or earlier, depending on when the solicitation is awarded and the properties transition.
Financial Impact
The aggregate value of the contracts will not exceed $14.5 million and no additional funds are needed.
Concurrence/Previous Council Action
The City Council approved the Affordable Housing Portfolio Contracts 150961 and 150960 (Ordinance S-46029) at the September 18, 2019, Formal Meeting.
Location
See Attachment A for locations.
Council Districts: 1, 2, 3, 4 and 7
Department
Responsible Department
This item is submitted by Deputy City Manager Gina Montes and the Housing Department.