City of Long Beach - File #: 20-050TR

• File #: 20-050TR
• Version: 1
• Name: Property and Construction Management Services
• Type: TR-Agenda Item
• Status: Approved
• File created: 7/30/2020
• In control: Long Beach Transit
• On agenda: 8/4/2020
• Final action: 8/4/2020
• Title: Recommendation to authorize the President and CEO to enter into a contract with Newmark Knight Frank for Property Management services for the commercial office building located at 4801 Airport Plaza Drive. The term of the contract is for three years at a cost of $772,725, with two, one-year options at $273,181 for Option Year One and $281,387 for Option Year Two for a total authorization amount not to exceed $1,327,293. (Debra Johnson)

Date	Ver.	Action By	Action	Result
8/4/2020	1	Long Beach Transit

TITLE

Recommendation to authorize the President and CEO to enter into a contract with Newmark Knight Frank for Property Management services for the commercial office building located at 4801 Airport Plaza Drive. The term of the contract is for three years at a cost of $772,725, with two, one-year options at $273,181 for Option Year One and $281,387 for Option Year Two for a total authorization amount not to exceed $1,327,293. (Debra Johnson)

SUGGESTED ACTION

Approve recommendation.