title
Authorization to enter into professional service agreements for real estate services.
presenter
Presenter: Kemena Brooks, Chief of Staff
end
Recommendation
The Operating Chairman ("OC") of the Chicago Housing Authority ("CHA") recommends that the CHA Board of Commissioners ("Board") authorize the OC or his designee to: 1) enter into contracts to seven (7) firms to establish a pre-qualified pool of vendors to provide Real Estate Services in five service categories of (1) appraisal, (2) brokerage, (3) consulting and advisory, and (4) land surveying with an aggregate value not to exceed $1,250,000 that comprises a three (3) year base term not to exceed $750,000 and two one (1) year options not to exceed $500,000; and 2) implement processes and procedures to manage the pre-qualified pool as well as to approve each request to exercise the options awarded under the contract.
Table 1: Recommended Vendors and Contract Amounts by Service Category
Category
Recommended Awardee
Base Term
(Years)
Base Contract Maximum
Option
Year 1
Option Year 2
Total Contract Maximum
1. Appraisal Services
Allstate Appraisal, LP|1010|$60,000
$20,000
$20,000
$100,000
Wildcat Valuation, LLC |1010|$60,000
$20,000
$20,000
$100,000
CBRE, Inc.|1010|$30,000
$10,000
$10,000
$50,000
2. Brokerage Services
Steps Inc, Consulting|1010|$60,000
$20,000
$20,000
$100,000
Full Circle Realty & Property Management LLC|1010|$60,000
$20,000
$20,000
$100,000
CBRE, Inc.|1010|$30,000
$10,000
$10,000
$50,000
3. Consulting Services
CSG Advisors Incorporated|1010|$90,000
$30,000
$30,000
$150,000
Steps Inc. Consulting|1010|$30,000
$10,000
$10,000
$50,000
Full Circle Realty & Property Management LLC|1010|$30,000
$10,000
$10,000
$50,000
4. Land Survey Services
Environmental Design International, Inc.|1010|$300,000
$100,000
$100,000
$500,000
Aggregate Total:
$750,000
$250,000
$250,000
$1,250,000
The requested action complies in all material respects with all applicable federal, state, an...
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