Title
a. Approve and authorize the Assessor or his designee to execute an agreement with Costar Realty Information, Inc. (Costar), for appraisal software in an amount not to exceed $19,500.00 for May 1, 2020 to June 30, 2021; and
b. Accept non-standard language in the agreement provided by the vendor as recommended by the Assessor; and
c. Authorize the Assessor authority to sign four future annual renewals to the Agreement under same or similar terms that do not significantly alter the scope of work or increase the annual payments in excess of 10% per year over the FY 2020-21 amount.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and authorize the Assessor or his designee to execute an agreement with Costar Realty Information, Inc. (Costar), for appraisal software in an amount not to exceed $19,500.00 for May 1, 2020 to June 30, 2021; and
b. Accept non-standard language in the agreement provided by the vendor as recommended by the Assessor; and
c. Authorize the Assessor authority to sign four future annual renewals to the Agreement under same or similar terms that do not significantly alter the scope of work or increase the annual payments in excess of 10% per year over the FY 2020-21 amount.
SUMMARY/DISCUSSION:
The proposed agreement contains non-standard indemnification and liability provisions; however, Costar will provide software that will allow the Assessor to capture data on commercial properties, rentals and leases. This data will be used to assess commercial property sales, partial interest transfers, and/or appeals. These non-standard provisions are an industry-wide accepted standard although not County standard. The services provided by Costar are necessary for a more accurate assessment of commercial properties, partial interest transfers, and/or appeals.
The Assessor requests that the Board approve an agreement effective May 1, 2020 through June 30, 2021, including non-standard provisions, between Costar and t...
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