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HomeMy WebLinkAbout13728 RESOLUTION NO. 13728 A RESOLUTION APPROVING A PROFESSIONAL SERVICES AGREEMENT FOR REAL ESTATE BROKERAGE SERVICES BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND ROCKY MOUNTAIN REALTY AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME WHEREAS, the City of Pueblo receives funding for various housing related activities; and WHEREAS, the funding allows for the purchase, rehabilitation, and resale of properties; and WHEREAS, it is considered beneficial to the City to contract with a single contractor to facilitate the purchase and sale of said properties; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Agreement for Professional Services between Rocky Mountain Realty and the City of Pueblo, dated July 24, 2017, for real estate brokerage services is hereby approved in substantially the form attached hereto, with such minor changes therein as shall be approved by the President of City Council and the City Attorney. SECTION 2. Funding for the services are budgeted and appropriated in Fund 250, 251, and 241. SECTION 3. The officers and staff of the City are directed and authorized to perform any and all acts consistent with the intent of this Resolution and the Agreement to effectuate the transactions described therein. SECTION 4. This Resolution shall become effective immediately upon final passage. INTRODUCED July 24, 2017 BY: Ed Brown City Clerk’s Office Item # M-3 Background Paper for Proposed Resolution CITY COUNCIL MEETING DATE: July 24, 2017 TO: President Stephen G. Nawrocki and Members of City Council CC: Sam Azad, City Manager VIA: Gina Dutcher, City Clerk FROM: Ada Rivera Clark, Director of Housing and Citizen Services SUBJECT: A RESOLUTION APPROVING A PROFESSIONAL SERVICES AGREEMENT FOR REAL ESTATE BROKERAGE SERVICES BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND ROCKY MOUNTAIN REALTY AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME SUMMARY: This Resolution approves a professional services agreement with Rocky Mountain Realty for the performance of real estate brokerage services as required by the City. PREVIOUS COUNCIL ACTION: There has been no previous City Council action. BACKGROUND: The Department of Housing and Citizen Services requires real estate brokerage services to undertake some of its federally funded projects. A request for proposals was issued in May of 2017 for said services. Rocky Mountain Realty was the responsive bidder. There is no guaranteed number of transactions under the contract, as purchases shall be made based on available properties and their eligibility and feasibility. FINANCIAL IMPLICATIONS: Funding for the services are budgeted and appropriated in Fund 250, 251, and 241. BOARD/COMMISSION RECOMMENDATION: Not applicable STAKEHOLDER PROCESS: None ALTERNATIVES: If the Resolution is not approved, the City will be in non-compliance with the grant requirements. RECOMMENDATION: Approve the Resolution. ATTACHMENTS: Professional Services Agreement