DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, FAICP, Director
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT: Professional Services Agreement for Real Estate Title Services
SUMMARY:
Consideration of an Ordinance authorizing the City Manager or his designee to execute a professional services agreement with Priority Title & Escrow, LLC to conduct real estate title services for various projects within City limits through an on-call contracting services contract funded with Community Development Block Grant program (CDBG) and HOME Investments Partnership program (HOME) funds. The term of the agreement is for four years, with two one-year renewal options, in an amount not to exceed $125,000 over the course of the contract term.
BACKGROUND INFORMATION:
As a recipient of U.S. Department of Housing and Urban Development (HUD) federal funding, the City is required to conduct a thorough search, analysis and review of title reports connected to residential properties proposed to receive rehabilitation assistance. The City utilizes qualified firms to conduct title report services, escrow settlement services, and lenders title policy services The Consultant is expected to produce timely reviews that help Neighborhood and Housing Services Department (NHSD) ensure compliance with federal regulations and ensure reasonable and timely use of public funding.
The Finance Department, Purchasing Division on behalf of NHSD, released a Request for Qualifications (RFQ) on October 5, 2020 to select a consultant to perform on-call real estate title services. The RFQ was advertised in the San Antonio Express-News, TVSA channel, the City's Bidding & Contracting Opportunities website, the San Antonio e-Procurement System (SAEPS) and an email notification was released to a list of potential Respondents. Proposals were due on November 4, 2020. A total of two (2) firms responded and were deemed eligible for review.
This contract is an except...
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