DEPARTMENT: Transportation & Capital Improvements
DEPARTMENT HEAD: Mike Frisbie, P.E.
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
On-Call Service Contracts for Appraisal Services
SUMMARY:
An ordinance authorizing the execution of seven On-Call Real Estate Appraisal Services contracts with Debra S. Runyan Real Estate; Dugger, Canaday, Grafe, Inc.; Eckmann Groll, Inc.; Meridia Appraisal Group; Noble & Associates, Inc.; Paul Hornsby & Company and Sandison Appraisal, LLC., for a one-year term with three one-year options, to provide real estate appraisal services for various City projects, in the amount of up to $100,000.00 annually for each contract for a total contract value not to exceed $400,000.00 per firm for a contract term beginning on April 14, 2016.
BACKGROUND INFORMATION:
All real estate transactions performed by the City of San Antonio requires due diligence work that includes real estate appraisals, prior to the acquisition and sale of real estate property.
These contracts for appraisal services are to be utilized on an as needed basis for various City projects, such as appraisals for encroachment, commercial real estate, rural parcels, and related services required in support of City property acquisition, disposition and right of way closure projects. These contracts will enable various City departments to perform due diligence as required and manage City projects in a timely and effective manner.
The number of contracts for appraisal services provides the City with a variety of individual firms specializing in various appraisal services, allowing City departments to leverage expertise some of the other firms may not have been able to support. Additionally, these contracts will be in effect to begin prompt implementation of a new General Obligation Bond, if voters approve in May 2017. Individual firms will be utilized based on their availability and stated experience with a particular real estate transactio...
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