Real Estate Broker Services

The vendor is required to provide real estate broker services including but not limited to the following:
- Task 1: At request of city, assist city with leasing transactions with city as lessor or lessee (e.g., lease acquisitions, base lease, renewals, extensions, expansions, subleasing), including but not limited to: needs assessment, market research, proposal solicitation, marketing, document/lease review, and negotiations.
- Task 2: At request of city, assist city with the purchase or sale of real property, including:
• Provide analysis and recommendations on certain city-owned properties.
• Identify or confirm encumbrances and/or constraints on properties utilizing official records and geographic information systems.
• Verify zoning and land use requirements including flood map designations, available utilities, and related jurisdiction requirements.
• Complete market comparable and availability analyses.
• Prepare and/or review documents, including but not limited to real estate documents, property documents, and legal notices.
• Assist with marketing and sale of city-owned property according to applicable requirements of the state government code.
• Assist city with property sale and purchase negotiations, including assistance with due diligence requests.
• Provide status reports at agreed upon frequencies.
- Task 3:
• Provide opinions of value, assist in obtaining real property appraisal and other evaluation services.
• Assist with preparation or review of legal documents such as deeds, easements and associated agreements.
• Participate in property inspections and provide assistance or make recommendations related to suitable property for leasing, acquisition, and/or sale.
• Consult on other miscellaneous real estate matters, as requested.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: February 12, 2025