Title
Airport Real Estate Appraisal Services
Action
Action:
A. Approve unit price contracts with the following companies for Real Estate Appraisal Services for an initial term of three years:
- Paul E. Finnen and Associates,
- JC Morgan Co.,
- John J. Locke, and
- T.B. Harris Jr. & Associates, Inc.,
B. Authorize the City Manager to renew the contracts for up to two additional, one-year terms with possible price adjustments and to amend the contracts consistent with the purpose for which the contract was approved, and
C. Adopt a budget ordinance appropriating $665,000 from the Aviation Discretionary Fund to the Aviation Community Investment Plan Fund.
Body
Staff Resource(s):
Brent Cagle, Aviation
Jack Christine, Aviation
Explanation
§ Certified independent real estate appraisal services are required during the real estate acquisition phase of the Airport Master Plan, economic development, part 150 noise compatibility projects.
§ Each property must have an appraisal and each appraisal must be reviewed by a separate appraiser before just compensation can be established.
§ On May 3, 2017, the City issued a Request for Proposals (RFP); seven proposals were received from interested service providers.
§ Paul E. Finnen and Associates, JC Morgan Co., John J. Locke, and T.B. Harris Jr & Associates, Inc. best meet the City’s needs in terms of qualifications, experience, cost, and responsiveness to RFP requirements.
§ Parcels will be assigned on a work order basis using the unit prices provided in the contracts.
§ The annual combined expenditures are estimated to be $133,000.
Disadvantaged Business Enterprise
No subcontracting goal was established because there are no subcontracting opportunities.
Fiscal Note
Funding: Aviation Community Investment Plan
Funding to be replaced by future grant proceeds, general airport revenue bonds, or passenger facility charge funds
Attachments
Attachment(s)
Budget Ordinance