ITEM TITLE:
Approval of Contract with Appraisal Company of Alaska LLC for real property appraisal services.
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: $60,000 annually; $180,000 over three years
Unencumbered Balance: $70,000 (pending adoption of 2020 budget)
Funding Source: Finance Department / Contractual Serivces; 001.5200.43400
RECOMMENDATION:
approve
SUMMARY STATEMENT:
• The attached contract reflects a three-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)
• This contract is the result of a published RFP which concluded in early September. Appraisal Company of Alaska was the only respondent.
• The contract reflects annual NTE costs of $60,000, and contains the option for two one-year extensions. This fee is $2,000 lower per year then the City’s previous contract with this contractor.
• There are two scopes of work that do not fall under this contract, which staff will pursue separately with this contractor:
o Replacement cost analysis of all city-owned properties (estimated $7,500 in 2020)
o Implementation of mass appraisal records system, digitizing all data for the entire tax roll (estimated $34,000 in 2020, plus software licensing/support fees)
• Legal team has drafted and reviewed this contract, and it is approved as to form.