CC MEETING: April 15, 2025
DATE: April 8, 2025
TO: Erin Rinehart, City Manager
FROM: Jonathan Wheat, P.E., Director of Engineering
Shannon Hicks, P.E., Assistant City Manager
Title
Consider A Resolution Authorizing The City Manager To Negotiate And Execute Professional Services Contracts With JLL Valuation And Advisory Services, LLC And Angel Valuation Services, LP For Appraisal Services In An Aggregate Amount Not To Exceed $150,000.00
Body
BACKGROUND:
The City routinely requires the acquisition and sale of real estate for rights-of-way, capital improvement projects and other business needs. Appraisal services are required as a part of real estate transactions to determine the fair market value of property.
Information and background received from a recent solicitation of Statement of Qualifications (SOQ) for appraisal services was evaluated, and it was the conclusion of staff that two firms were the most qualified: JLL Valuation and Advisory Services, LLC and Angel Valuation Services, LP.
FINANCIAL IMPLICATIONS:
There are no direct financial implications associated with the approval of this agenda item. Services will be provided as a work order on a project-by-project basis. Funding for these services will come from the respective capital project budget.
This agenda item seeks authorization of professional services contracts with JLL Valuation and Advisory Services, LLC and Angel Valuation Services, LP not to exceed $150,000.00. Staff will divide the projects as equitably as possible between the two firms. However, the variability in project size and scope will require some flexibility in the individual firm fees.
IMPACT ON COMMUNITY SUSTAINABILITY:
This project will support the City Council's strategic objectives and vision of building a community that families and businesses want to call home by:
* Reduce the number of appraisal contracts by providing streamlined contract and billing procedures for appraisers.
* Provide support for valuation r...
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