Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute An Agreement With CBRE, Inc. For Real Estate Brokerage And Consulting Services In An Annual Amount Up To $125,000.00, Based Upon The State Of Florida, Department Of Management Services Contract No. DMS-22/23-007A And In Accordance With Section 38.41(C)(5) Of The Procurement Code. (Piggyback)
Strategic Plan Focus
Economic Vitality
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
The City's Office of Communication, Marketing and Economic Development ("CMED") has a need for professional real estate brokerage and consulting services for the acquisition and disposition of real property assets, including real estate portfolio planning, management, and asset valuations.
CMED would like to utilize the current State of Florida contract through the Department of Management Services contract No. DMS-22/23-007A for real estate services with CBRE, Inc. ("CBRE"), for an initial term of one year and with the option to renew for an additional one year.
CBRE will assist the City by providing portfolio strategy and real estate consulting based upon the compensation provisions that allow for a flat fee for services.
The total contract amount shall not exceed $125,000.00 in FY2025.
In accordance with the State contract, CBRE will also assist the City in providing specific real estate transactional services for the lease or sale of City property pursuant to the City's charter, code of ordinances and regulations, and upon City Commission approval of such an agreement.
Fiscal Impact:
A portion of the funding for these services is available in the FY 2025 Operating Budget in account number 001.114001.51300.531300.000000.000.000 and will be budgeted in subsequent fiscal years' operating budget subject to approval and adoption by the City Commission.
Recommended for inclusion on the agenda by:
Joann Hus...
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