DATE: March 10, 2020
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Tom Marsh, Director of Building & Neighborhood Services
Kathleen L. Sauseda, Housing Development Coordinator
SUBJECT:
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COF Contract No. 2020-0048 Professional Services Agreement With Boozer And Company, PC For Appraisal Services For The Property At The Corner Of Natchez And Granbury Streets.
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning a Professional Services Agreement (PSA) with Boozer and Company, PC for appraisal Services for the property at the corner of Natchez and Granbury Streets.
Background
A valid, current appraisal is needed for the City to move forward with plans to dispose of and develop the property located at the corner of Natchez and Granbury Streets. This PSA is with the Boozer Company to provide the appraisal. Following the appraisal, staff will be able to bring forward a resolution for Board consideration to declare the public purpose for development of the property and establish the process to identify development partner(s).
Financial Impact
Total amount of the PSA is $1,500.00.
Recommendation
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The PSA was approved by the City Administrator on behalf of the BOMA.