TITLE
Recommendation to authorize City Manager to execute on-call agreements with Lidgard and Associates, Inc., R. P. Laurain and Associates, Inc., Hawran and Malm, LLC, Valentine Appraisal and Associates, Inc., and BTI Appraisal, for as-needed real estate appraisal services in an aggregate total amount not to exceed $300,000 of contract authority for a three year term, and to execute any necessary amendments to the agreements, relative to extending the terms for up to one additional one-year term, reallocating the contract dollar amounts, authorizing additional services, if required, within the provisions of the agreements, and adjusting the fee schedules for inflation, all provided that the aggregate total amount of contract authority is not exceeded. (Citywide)
DISCUSSION
Historically, the City of Long Beach has used outside firms on an as-needed basis to provide the City with necessary real estate appraisal services as the City does not possess the expertise to provide such services. These services will be utilized to address planned projects for City departments, such as fair market value adustments to the base rent of various long-term ground leases throughout the City, most notably at the Long Beach Airport and within the marinas. Terms of these ground leases require that the monthly base rent be adjusted periodically and for that adjustment to be determined by a fair market appraisal. In addition, appraisal services will also be utilized for any unforeseen projects over the course of the next three to four years, including any property acquisitions and/or dispositions.
A Request for Proposals (RFP) process was conducted in accordance with Administrative Regulation 8-4, “Selecting Professional Consultants,” to secure qualified firms. The RFP was advertised in the Press-Telegram on March 13, 2012, and 40 potential bidders specializing in real estate appraisal services were notified of the bid opportunity. Of those bidders, 32 downloaded the RFP vi...
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