TITLE
Recommendation to adopt Specifications RFP No. DV11-062 authorizing City Manager to execute an agreement and any amendments thereto with HdL Coren and Cone, of Diamond Bar, CA (SBE), to provide property tax management and auditing services, in an annual amount not to exceed $18,750 plus a 25 percent recovery fee with a maximum of $250,000, for a period of one-year, with the option to renew for two additional one-year periods, at the discretion of the City Manager. (Citywide)
DISCUSSION
Property tax revenue is one of three major sources of revenues for the City. Due to its significance, the City needs to carefully track this revenue source to ensure that none of its revenues are misallocated to other jurisdictions. Due to Los Angeles County’s (County) method of operation, the City often receives limited information on property tax matters from the County. As a result, staff is unable to validate the accuracy of actual property values and changes thereto, nor determine if tax revenue from parcels have been directed to other jurisdictions, or whether parcels are in the right tax rate area. Revenues due to the City are not always properly allocated and remitted to the City.
HdL Coren and Cone (HdL) services include auditing tax rolls to ensure that property taxes are properly allocated to the City, and will work directly with the County to recover monies due as a result of misallocated parcels. HdL has provided this service to the City for the last ten years and has recovered approximately $446,000 in misallocated property tax revenue for the City.
The Request for Proposals (RFP) for Property Tax Consulting Services was advertised in the Press-Telegram on November 22, 2011, and 527 potential bidders specializing in property tax consulting were notified. Of those bidders, 21 downloaded the RFP via our electronic bid system. The RFP was made available from the Purchasing Division, located on the seventh floor of City Hall and the Division’s website at w...
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