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HomeMy WebLinkAboutOrdinance 12301_~r ~. r Ordinance No ~~~ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF $30,000 00 FOR THE PURPOSE OF FUNDING A PROFESSIONAL SERVICES AGREEMENT TO HUFF, BROUS, MCDOWELL & MONTESSI FOR PROFESSIONAL MARKET ANALYSIS/REAL ESTATE SERVICES RELATING TO COMMERCIAL AND INDUSTRIAL ZONED CITY OWNED SURPLUS PROPERTIES; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS SECTION 1 That in addition to those amounts allocated to the various City departments for the Fiscal Year 1995-96 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the General Fund in the amount of $30,000 00 for the purpose of funding a professional services agreement to Huff, Brous, McDowell & Montessi for Professional Market Analysis/Real Estate Services relating to commercial and industrial zoned city owned surplus properties SECTION 2 Should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgement shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect SECTION 3 That this ordinance shall be cumulative of Ordinance No 12074 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed SECTION 4 This ordinance shall take effect and be in full force and effect and after the date of its passage, and it is so ordained APPROVED AS TO FO AND LEGALITY sist ity Attorney Date _ Adopted Effective City of Fort Worth, Texacs Mayor and Council Communication NUMBER C-15170 ~ NAME 12/05/95 30KIM ~ 1 of 3 SUBJECT APPROPRIATION ORDINANCE AND AWARD OF PROFESSIONAL SERVICES AGREEMENT TO KIM MARTIN COMPANY FOR PROFESSIONAL MARKET ANALYSIS/REAL ESTATE SERVICES RELATING TO COMMERCIALLY AND INDUSTRIALLY ZONED CITY OWNED SURPLUS PROPERTIES RECOMMENDATION It is recommended that the City Council 1 Adopt the attached supplemental appropriations ordinance increasing estimated receipts and appropriations in the General Fund by 530,000 00 from increased revenue from the Sale of Surplus properties, and 2 Authorize the City Manager to execute a professional services agreement with Kim Martin Company for a fee not to exceed 530,000 to prepare market analysis for commercially and industrially zoned surplus properties owned by the City of Fort Worth DISCUSSION The City of Fort Worth, Department of Engineering, currently maintains an inventory of approximately 120 commercially and industrially zoned surplus properties The majority of these properties were obtained through the tax foreclosure process A market analysis for each commercial and industrial zoned property will provide a more concise and accurate value for the properties This market analysis will also assist in establishing a potential minimum bid for each property for a competitive sealed bid sale Market Analysis Services will include • Determination of fair market value, • Determination of each property's highest and best use, • Recommendation for potential zoning changes, • Marketing strategies for each property, • Packaging or grouping of specific properties to maximize the sales potential for the City .. 3J Printed on Recycle Paper City of Fort Worth, Texas Mayor and Council Communication NUMBER C-15170 ~ NAME 12/05/95 30KIM ~ 2 of 3 SUBJECT APPROPRIATION ORDINANCE AND AWARD OF PROFESSIONAL SERVICES AGREEMENT TO KIM MARTIN COMPANY FOR PROFESSIONAL MARKET ANALYSIS/REAL ESTATE SERVICES RELATING TO COMMERCIALLY AND INDUSTRIALLY ZONED CITY OWNED SURPLUS PROPERTIES In April, 1995 the Department of Engineering advertised for real estate consultants to submit their Statement of Qualifications to prepare a market analysis so that the City can more effectively market and dispose of these properties Nine real estate firms responded with written statements of qualifications All of the responding companies were contacted and provided an opportunity to attend a personal interview Seven firms participated in the interviews A Selection Committee consisting. of the Manager of Real Property, the Land Agent responsible for the Surplus Property program and a Project Manager from the Department of Engineering reviewed the submittals and conducted the interviews of the firms Following interviews, the Selection Committee referred it's recommendations and selections to the Director of the Department of Engineering for approval Based upon their demonstrated understanding of the project, proposed scope of services and comparable experience, Kim Martin Company is one of two consultants recommended to complete this project for a fee not to exceed 530,000 00 Staff considers this fee to be reasonable for the scope of services proposed The recommended firm, Kim Martin Company, is in compliance with the City of Fort Worth DBE Policy by being certified as a Disadvantaged Business .~ 'tJ Printed on Recycle Paper City of Fort Worth Texas Mayor and Council Communication DATE 12/05/95 REFERENCE NUMBER C-15170 LOG NAME 30KIM PAGE 3 of 3 SUBJECT APPROPRIATION ORDINANCE AND AWARD OF PROFESSIONAL SERVICES AGREEMENT TO KIM MARTIN COMPANY FOR PROFESSIONAL MARKET ANALYSIS/REAL ESTATE SERVICES RELATING TO COMMERCIALLY AND INDUSTRIALLY ZONED CITY OWNED SURPLUS PROPERTIES FISCAL INFORMATION The Director of Fiscal Services certifies that upon the adoption of the attached supplemental appropriations ordinance, funds required for this agreement will be available in the current operating budget, as appropriated, of the General Fund MG b Submitted or City Managers FUND ACCOUNT CENTER AMOUNT CITY SEC TARY Office by: (to) ~ O1 0 0 ~~ Mike Groomer 6140 5 401 ~ ~~ Originating epartment Head: Vi, V i , y ~ ®~~. ~ A. Douglas Rademaker 6157 (from) 1~~5 /~ For Additional Information GGO1 539120 0134010 30,000. ~ ~-~~d! ~~~~ Contact: ~i~, ~ ~ ~ ~ ~ ~ A. Douglas Rademaker 6157 ~ ~~ ~r 3J Printed on Recycle Paper Adopted Ordinance No.