REPORT TO COUNCIL
SUBJECT
Title
Action on Amendment No. 3 to the Agreement with Hulberg and Associates, Inc., DBA Valbridge Property Advisors for consulting services associated with the Related Santa Clara (CityPlace) Development Project
Report
BACKGROUND
In April 2018, the City entered into an agreement with Hulberg and Associates, Inc., DBA Valbridge Property Advisors (Valbridge) to provide appraisal services to support contemplated eminent domain actions. The agreement was amended in July 2019 to extend the term of the contract to July 31, 2020.
Valbridge is one of the largest independent commercial property valuation and advisory services firms in the United States. Norm Hulberg, principal in Valbridge's San Jose office, has been providing commercial appraisal services in Northern California since 1976.
DISCUSSION
Valbridge has been providing the City with appraisal services to support its ongoing eminent domain actions which would allow for the construction of public improvements associated with the Related Santa Clara (CityPlace) project. The scope of work includes preparation of appraisals, providing property and lease comparable and valuation consulting, and expert testimony.
The eminent domain actions are not complete and additional services are needed. Approval of Amendment No. 3 would allow the City to continue to access Valbridge's services for this scope through July 31, 2020 by increasing the contract amount by $70,000.
ENVIRONMENTAL REVIEW
The action being considered does not constitute a "project" within the meaning of a California Environmental Quality Act ("CEQA") pursuant to the CEQA Guidelines section 15378(a) as it has no potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment.
FISCAL IMPACT
The current contract with Valbridge Property Advisors for appraisal services related to the potential eminent domain actions has a total not to exceed ...
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