HomeMy WebLinkAbout070306 Agmt Goodwill Appraisal ServicesREQUEST FOR
AGENCY ACTION
AGENCY BOARD MEETING DATE:
JULY 3, 2006
TITLE:
AGREEMENTS FOR GOODWILL
APPRAISAL SERVICES
jn.EX UTIVE DIRECTOR
RECOMMENDED ACTION
AGENCY SECRETARY USE ONLY:
motion: Cho stv
2,dd ; ANaffe
APPROVED
As Recommended 76
As Amended
❑ Ordinance on I" Reading
❑ Ordinance on 2ntl Reading
❑ Implementing Resolution
❑ Set Public Hearing For
CONTINUED TO
FILE NUMBER
Recommend that the Community Redevelopment Agency:
1. Direct the Agency General Counsel to prepare and authorize the
Executive Director to execute an agreement for goodwill appraisal
services with Donna Desmond Associates for an amount not to exceed
$100,000.
2. Direct the Agency General Counsel to prepare and authorize the
Executive Director to execute an agreement for goodwill appraisal
services with Sanli Pastor & Hill for an amount not to exceed
$100,000.
COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION
Recommended that the Community Redevelopment Agency:
1. Direct the Agency General Counsel to prepare and authorize the
Executive Director to execute an agreement for goodwill appraisal
services with Donna Desmond Associates for an amount not to exceed
$100,000.
2. Direct the Agency General Counsel to prepare and authorize the
Executive Director to execute an agreement for goodwill appraisal
services with Sanli Pastor & Hill for an amount not to exceed
$100,000.
By a vote of 6:0 (Yanez absent) at its Regular Meeting of June 20, 2006.
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AgreementS for Goodwill
Appraisal Services
July 3, 2006
Page 2
DISCUSSION
The Redevelopment Agency has an obligation to increase, improve and
preserve affordable housing within the City of Santa Ana. Under
California law, the Agency is required to replace affordable housing
units that are removed from the City's housing stock as a consequence of
its activities. Additionally, it is required to ensure that at least
fifteen percent of new and substantially rehabilitated housing units
developed within Redevelopment project areas are affordable to low- and
moderate- income households. As part of its efforts to meet these
obligations, the Agency engages in many kinds of real estate activities.
On occasion, these activities may include the acquisition of commercial
properties. Under California law, owners of such properties are entitled
to compensation for any loss of customer goodwill that they may
experience.
As a consequence, the Agency requires the services of qualified
consultants to prepare goodwill appraisals for its acquisitions of
commercial properties. Recently, the Public Works Agency requested
proposals from qualified firms for such appraisals and ranked the
respondents on the basis of qualifications, past experience, and capacity
to perform the required tasks. The successful proposals were submitted
by Donna Desmond Associates and Sanli Pastor & Hill. Staff is
recommending that the Agency enter into an agreement with each firm for
an amount not to exceed $100,000.
ENVIRONMENTAL IMPACT
There is no environmental impact associated with this action.
FISCAL IMPACT
Funds for these contracts are available in the Tax Increment Housing Set -
Aside account (account #507- 508 -6291) and the Tax Increment Merged
Redevelopment Project Area account (account #570 - 933 - 6291).
taVtep en G. Harding
Executive irector
Community Redevelopment Agency
APPROVED AS TO FUNDS AND ACCOUNTS:
Francisco Gutierrez
Executive Director
Finance & Management Services Agency
SGH /TG /mlr
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