Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Approval and Execution of Agreement RFQ 24-008BC with HCA Asset Management, LLC for Commercial Insurance Replacement Cost Appraisals
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DEPARTMENT: Finance
ORIGINATOR: Sheila Barker
EXECUTIVE RECOMMENDATION: Approved
PURPOSE: Executive approval of agreement for Insurance Replacement Cost Appraisals
BACKGROUND: The County’s property insurer requires third party verification of building replacement cost valuations for insurance purposes. An RFQ process determined that HCA Asset Management, LLC is the most qualified vendor.
FISCAL IMPLICATIONS:
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EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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506.5124714601 |
30,900 |
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50,000 |
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TOTAL |
30,900 |
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50,000 |
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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TOTAL |
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DEPARTMENT FISCAL IMPACT NOTES: There is sufficient budget authority. No increase requested. Expenditure is an insurance cost.
CONTRACT INFORMATION:
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ORIGINAL |
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CONTRACT# |
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AMOUNT |
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AMENDMENT |
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CONTRACT# |
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AMOUNT |
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Contract Period
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ORIGINAL |
START |
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END |
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AMENDMENT |
START |
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END |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Click or tap here to enter text.