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HomeMy WebLinkAbout011805 Amend Agmt Overland, Pacific and Cutler Inc.REQUEST FOR AGENCY ACTION AGENCY BOARD MEETING DATE: JANUARY 18, 2005 TITLE: AMENDMENT TO AGREEMENT WITH OVERLAND, PACIFIC AND CUTLER, INC. Qdudtion �sr RECOMMENDED ACTION AGENCY SECRETARY USE ONLY: ryy-vzcm ; 8'-'6`k C r✓d : �4xAc tac CONTINUED TO FILE NUMBER Direct the Agency General Counsel to prepare and authorize the Executive Director to execute an amendment to the agreement with Overland, Pacific and Cutler, Inc. for $50,000 for a total amount not to exceed $150,000 COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION Recommended that the Community Redevelopment Agency direct the Agency General Counsel to prepare and authorize the Executive Director to execute an amendment to the agreement with Overland, Pacific and Cutler, Inc. for $50,000 for a total amount not to exceed $150,000. By a vote of 7:0 at its Regular Meeting of January 4, 2005. 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. To that end, staff requires the assistance of a professional firm that is knowledgeable and experienced in both commercial and residential real estate activities as conducted by public agencies. Overland, Pacific and Cutler, Inc. (OPC) is a real estate services organization with eleven offices throughout the country. Its managing principal partners have more than 200 years of real estate consulting experience. It provides public agencies with a wide range of real estate services that include appraisals, property acquisition, commercial and residential relocation, and expert witness testimony. 5 -35 As Recommended %' O As Amended ❑ Ordinance on 151 Reading ❑ Ordinance on 2ntl Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Direct the Agency General Counsel to prepare and authorize the Executive Director to execute an amendment to the agreement with Overland, Pacific and Cutler, Inc. for $50,000 for a total amount not to exceed $150,000 COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION Recommended that the Community Redevelopment Agency direct the Agency General Counsel to prepare and authorize the Executive Director to execute an amendment to the agreement with Overland, Pacific and Cutler, Inc. for $50,000 for a total amount not to exceed $150,000. By a vote of 7:0 at its Regular Meeting of January 4, 2005. 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. To that end, staff requires the assistance of a professional firm that is knowledgeable and experienced in both commercial and residential real estate activities as conducted by public agencies. Overland, Pacific and Cutler, Inc. (OPC) is a real estate services organization with eleven offices throughout the country. Its managing principal partners have more than 200 years of real estate consulting experience. It provides public agencies with a wide range of real estate services that include appraisals, property acquisition, commercial and residential relocation, and expert witness testimony. 5 -35 Amendment to Agreement with Overland, Pacific and Cutler, Inc. Landscape Design Services January 18, 2005 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). Patricia C. Whitaker Executive Director Community Development Agency PCW /SLB /mlr H:AcdomUO05CRA\AmendAge Overland- Pacific- Cutler 1 -18 -05 APPROVED AS TO FUNDS AND ACCOUNTS: Francisco Gutierrez fkj Executive Director Finance & Management Services Agency 5 -36