HomeMy WebLinkAbout030104 Amend to Contract Lidgard and AssociatesREQUEST FOR
AGENCY ACTION
AGENCY BOARD MEETING DATE:
MARCH 1, 2004
TITLE:
AMENDMENT TO CONTRACT WITH
LIDGARD AND ASSOCIATES
EXECUTIVE DIRECTOR
RECOMMENDED ACTION
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AGENCY SECRETARY USE ONLY:
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❑ As Recommended
❑ As Amended
❑ Ordinance on 1" Reading
❑ Ordinance on 2 n Reading
❑ Implementing Resolution
❑ Set Public Hearing For
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FILE NUMBER
Direct the Agency General Counsel to prepare and authorize the Executive
Director to execute an amendment to the agreement with Lidgard and
Associates to increase the contract to an amount not to exceed $100,000.
DISCUSSION
The Community Redevelopment Agency of the City of Santa Ana acquires
property for the purpose of furthering its goals of fostering commercial
development and affordable housing. Periodically, staff requires the
assistance of professional licensed appraisers. These appraisers may be
asked to determine the fair market value or fair reuse value of
properties that might become involved in litigation and /or eminent
domain. In such instances, appraisers must have credentials that certify
them to appear in court and defend the accuracy of the work performed if
necessary. Their ability to do so successfully can have a major impact
on the Agency's ability to move critical projects forward.
Lidgard and Associates, which specializes in litigation - related
appraisals, is a professional appraisal firm with whom Agency staff has
worked successfully in the past. The firm has been in operation for six
years, with senior staff having over 20 years experience in appraising
all types of real estate in the greater Southern California region.
The Agency currently has a $50,000 consulting services contract with
Lidgard and Associates and requires additional services. The requested
amendment will increase the contract to an amount not to exceed $100,000.
137 8
Amendment to Contract with
Lidgard and Associates
March 1, 2004
Page 2
ENVIRONMENTAL IMPACT
In accordance with the California Environmental Quality Act, the proposed
request is not considered a project; therefore, no further action is
required.
FISCAL IMPACT
Funds for this agreement are available in the Housing Set -Aside Tax
Increment account (account no. 504- 508 - 6291/62177) and the South Main
Redevelopment Project account (account no. 550 - 936- 6291).
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Jo P. Reekstin
Executive Director
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APPROVED AS TO FUNDS AND ACCOUNTS:
Execut' e Director
Finance & Management Services Agency
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