CITY COUNCIL: Resolution Authorizing Agreement with CB Richard Ellis Consulting for Final Economic Analysis, Appraisal & Phase II Flanders Mansion

Meeting Date: 2 June 2009
Prepared by: Joyce Giuffre, Administrative Services Director

City Council
Agenda Item Summary

Name: Consideration of a Resolution authorizing the City Administrator to enter into an agreement with CB Richard Ellis Consulting, Inc. (CBRE) for completion of the final economic analysis, appraisal and Phase II of the Flanders Property in an amount of $23,000 plus expenses.

Description: CB Richard Ellis Consulting (CBRE) will complete the final economic analysis, appraisal and Phase II, as detailed in Attachment “A”.

Overall Cost:
City Funds: $23,000 plus expenses (Account 01-61051-0040).
These funds will be transferred from the General Operating Reserve.

Staff Recommendation: Adopt the Resolution.

Important Considerations: CBRE’s original contract, effective July 21, 2008, was for $40,000 to provide the economic analysis for the Flanders Property. On October 21, 2008, CBRE received an additional $5,000 for further professional services related to the economic analysis of the Flanders property.

Decision Record: Resolution 2008-50, approving preparation of economic analysis for the Flanders property; Resolution 2007-71, decertifying the EIR for the Sale of Flanders Property.

Reviewed by:

__________________________ _____________________
Rich Guillen, City Administrator Date

CITY OF CARMEL-BY-THE-SEA
CITY COUNCIL
RESOLUTION 2009-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARMEL-BY-THE-SEA ENTERING INTO AN AGREEMENT WITH CB RICHARD ELLIS CONSULTING, INC. (CBRE) FOR COMPLETION OF THE FINAL ECONOMIC ANALYSIS, APPRAISAL AND PHASE II OF THE FLANDERS PROPERTY IN THE AMOUNT OF $23,000 PLUS EXPENSES.

WHEREAS, CB Richard Ellis Consulting (CBRE) is a full-service real estate and urban economics consulting firm; and

WHEREAS, CBRE’s original contract dated July 21, 2008, was for $40,000 to provide economic analysis for the Flanders Property; and

WHEREAS, on October 21, 2008, CBRE received an additional $5,000 for professional services related to the Flanders Property Economic Analysis; and

WHEREAS, CBRE will complete the final economic analysis and appraisal and Phase II, as detailed in Attachment “A”, in an amount not to exceed $23,000 plus expenses.

NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF CARMEL-BY-THE-SEA DOES:
1. Authorize the execution of the CBRE Consulting agreement dated March 2, 2009, in an amount of $23,000 plus expenses, for the continued economic analysis of the
Flanders property.

2. Authorize payment for the professional services rendered in the agreement from the Account No. 01-61051-0040 and transfer from the General Operating Reserve in the amount of $23,000.

PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF CARMEL-BY-THE-SEA this 2nd day of June, 2009, by the following roll call vote:

AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS

SIGNED:

_______________________
SUE McCLOUD, MAYOR

ATTEST:

________________________
Heidi Burch, City Clerk