Title:
Title
Four Professional-Services Agreements for Appraisal and Appraisal-Review Services
End
FileID
File ID: 2019-00614
Location
Location: Citywide
Recommendation:
Recommendation
Pass a Motion authorizing the City Treasurer to enter into 1) professional-services agreements, each in an amount not to exceed $250,000, with four firms that will be eligible to perform appraisals and appraisal reviews in connection with land-secured bonds the City issues during fiscal years 2019/20 through 2023/24 (BBG, Inc.; Integra Realty Resources - Sacramento; Kidder Matthews of California, Inc; and Smith and Associates, Inc.); and 2) addenda to the agreements as needed to define the specific scope of services and fees for each appraisal and appraisal review.
Contact: Brian Wong, Debt Manager, (916) 808-5811; Claudia Lara, Treasury Analyst, (916) 808-2267, Office of the City Treasurer
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Professional Service Agreement (BBG, Inc.)
3-Professional Service Agreement (Integra Realty Resources - Sacramento)
4-Professional Service Agreement (Kidder Matthews of California, Inc.)
5-Professional Service Agreement (Smith and Associates, Inc.)
Description/Analysis
Issue Detail: The proposed action will establish a list of pre-qualified firms to provide the City with appraisals and appraisal reviews in connection with the City's issuance of land-secured bonds for a community facilities district (CFD) or an assessment district (AD) over the next five years.
Policy Considerations: The proposed action is consistent with the Sacramento City Code, chapter 3.64 (Contracts for Professional Services).
Economic Impacts: None.
Environmental Considerations: The proposed action concerns administrative activities that will not have a significant effect on the environment and thus do not constitute a "project" subject to the California Environmental Quality Act. See California Code of Regulations, title 14, sections 1506...
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