REPORT TO COUNCIL
SUBJECT
Title
Authorize the City Manager to enter into an Agreement for Real Estate Services with CBRE Inc. for the Loyalton Property and Other City Properties and Enter into Listing Agreements for Individual Properties
Report
COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure
BACKGROUND
The City of Santa Clara owns and maintains approximately 10,270 rural acres of undeveloped land in Lassen and Sierra Counties near the California-Nevada border. The property is located in northeastern California, about 30 miles north of Truckee, CA, 110 miles northeast of Sacramento, CA, and about 20 miles northwest of Reno, NV. The land is referred to locally as the Trosi Ranch, and within the City as the Loyalton Ranch Property. The City purchased the property with electric utility funds in 1977 for $1,613,850 or $157/acre. The City's Electrical Department, doing business as Silicon Valley Power (SVP), is responsible for the maintenance of the property.
The City declared the property Surplus on June 7, 2022. On December 8, 2022 the City submitted all appropriate documents to the State and completed the Surplus Land Act process January 9, 2023 (Attachment 3). The City can now move forward with sale of the property and requires real estate services for the sale.
DISCUSSION
Pursuant to City Code Section 2.105.140(c), a qualifications based Request for Proposals (RFP) was conducted, with the award recommendation based on "best value."
The City published a Request for Proposals (RFP) #22-23-55 to solicit proposals from qualified firms for Real Estate Brokerage services. The RFP was published using the City's bid notification system, and one proposal was received from CBRE, Inc.
Evaluation Process: CBRE's proposal was evaluated by a two-member evaluation team against the criteria published in the RFP. An interview was also conducted. Staff determined CBRE met all RFP criteria and is qualified to perform the services...
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