Title
a. Approve an agreement with City Data Services, LLC for the period August 28, 2018 through June 30, 2023 and not to exceed $120,500.00 to provide asset management services for the County's affordable housing loan programs and the County's Inclusionary Housing portfolio; and
b. Authorize the Contracts/Purchasing Officer to execute the Agreement and any amendments which do not alter the scope of work or increase the amount payable on the Agreement.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve an agreement with City Data Services, LLC (CDS) for the period August 28, 2018 through June 30, 2023 and not to exceed $120,500.00 to provide asset management services for the County's affordable housing loan programs and the County's Inclusionary Housing portfolio; and,
b. Authorize the Contracts/Purchasing Officer to execute the Agreement and any amendments which do not alter the scope of work or increase the amount payable on the Agreement.
SUMMARY:
In December 2017, the County issued RFP #10649 to identify firms that were qualified to provide asset management services for the County's affordable housing programs. Based on the proposals that were submitted, staff is recommending a five-year agreement with City Data Services, LLC in an amount not to exceed $120,500. There is a one-time set-up fee of $38,000 and the annual cost will begin at $15,000 for the first year and not exceed $16,875.12 in the fifth year. The recommended actions will help staff be more effective in managing these assets and improve the department's operational resiliency.
DISCUSSION:
The County manages three types of affordable housing programs and through these programs has a real property interest in more than 400 single family and multi-family units. In addition to managing these units, the Housing Office also manages a list of approximately 400 households that are interested in purchasing an inclusionary home. Managing these interest lists and un...
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