Executive/Council Action Form (ECAF)
ITEM TITLE:
Motion 21-336, authorizing the executive to sign a professional services agreement with Kidder Mathews for real estate brokerage and consultation services
DEPARTMENT: Facilities and Fleet
ORIGINATOR: Al Garcia
EXECUTIVE RECOMMENDATION: Approved-Ken Klein, 09/16/21
PURPOSE: Council’s approval to authorize the Executive to sign a professional services agreement with Kidder Mathews for Real Estate Brokerage and Consultation Services relating to the County’s planned leasing and acquisition of property.
BACKGROUND: The County is interested in buying a hotel property to use as a shelter for the homeless and transitional housing for refugees. Facilities and Fleet Department recommends hiring Kidder Mathews to manage the due diligence process of leasing and/or acquiring the property for the County. Kidder Mathews was instrumental in assisting King County in leasing and acquirement hotel type properties for use as homeless shelters. Contract amount is $120,000 plus $100,000 allowance for reimbursable sub-contractor cost through December 31, 2022. Funding will come from proceeds of the American Rescue Plan.
FISCAL IMPLICATIONS:
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EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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130 57504506784101 Prof Services |
$220,000 |
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TOTAL |
$220,000 |
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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: $120,000 plus $100,000 allowance for reimbursable sub-contractor costs. Funding from grants from the American Rescue Plan.
CONTRACT INFORMATION:
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ORIGINAL |
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CONTRACT# |
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AMOUNT |
$220,0000 |
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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 |
Date of Execution |
END |
12/31/2022 |
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AMENDMENT |
START |
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END |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Appr Risk S. Barker 09/17, Finance-Brian Haseleu 09/15