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Type:
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Ordinance-S
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Status:
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Adopted
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On agenda:
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9/18/2024
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Final action:
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9/18/2024
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Title:
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Real Estate and Brokerage Services for Citywide Projects- RFQ 17-003 - Amendment (Ordinance S-51258)
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Title
Real Estate and Brokerage Services for Citywide Projects- RFQ 17-003 - Amendment (Ordinance S-51258)
Description
Request to authorize the City Manager, or his designee, to execute amendments to Contracts 146143 with Berry Realty & Associates; 146148 with Colliers International AZ, LLC; 146145 with Colton Realty LTD, dba Colton Commercial; 146144 with Cushman & Wakefield, 146142 with Helix Properties, LLC, 146141 with Jones Lang Lasalle, and 146147 with R.O.I. Properties to extend contract terms.Further request to authorize the City Treasurer to accept, and the City Controller to disburse, all funds related to this item.
Report
Summary
These contracts provide the Finance Department Real Estate Division with a Qualified Vendor List (QVL) for Real Estate Sales and Brokerage Services with real estate salespersons and brokers necessary for the completion of sales, leasing, and disposition of City-owned property. Assignments will be entered into in on as-needed basis under a separate engagement letter based on required qualifications specific to each property. Extension of the contracts is necessary to provide additional time beyond the October 10, 2024, expiration to complete projects that are currently underway.
Contract Term
Upon approval the contracts will be extended through June 30, 2025.
Financial Impact
The contracts are revenue generating. The firms will be compensated from the proceeds of the sale of excess City-owned real estate property. No public funds will be expended.
Concurrence/Previous Council Action
The City Council previously reviewed this request:
- Real Estate and Brokerage Services for Citywide Projects, Contracts 146143, 146148, 146145, 146144, 146142, 146141, 146146, 146147, 146149; Ordinance S-43936 on October 4, 2017.
- Real Estate and Brokerage Services for Citywide Projects, Contracts 146143, 146148, 146145, 146144, 146142, 146141, 146146, 146147, 146149; Ordinance S-49003 on September 21, 2022.
- Real Estate and Brokerage Services for Citywide Projects, Contracts 146143, 146148, 146145, 146144, 146142, 146141, 146146, 146147, 146149; Ordinance S-50222 on October 4, 2023.
Department
Responsible Department
This item is submitted by City Manager Jeffrey Barton and the Finance Department.
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