ITEM TITLE:
Approval of Contract Award to Appraisal Company of Alaska LLC for Real Property Appraisal Services
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: $60,000 annually; $120,000 over two years
Unencumbered Balance: $70,000 (pending adoption of the 2025 Budget)
Funding Source: Finance Department / Contractual Services; 001-5200-43400
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
The attached contract reflects a two-year engagement with Appraisal Company of Alaska, LLC, for real property assessment (excluding properties assessed by the State of Alaska pursuant to AS 43.56)
The contract reflects annual NTE costs of $60,000 and contains the option for three one-year extensions. NTE costs of extensions are described in Appendix A as follows:
Year 1 $60,000
Year 2 $60,000
Year 3 (optional) $63,000
Year 4 (optional) $63,000
Year 5 (optional) $66,000
This contract is the result of a published RFP which concluded at the end of August. Appraisal Company of Alaska was the only respondent. Their proposal is attached for reference.
Appraisal Company of Alaska has submitted a certification letter relating to the recent Alaska Legislature Senate Bill 178, also attached for reference.
Legal team has drafted and reviewed this contract, and it is approved as to form.