File #: 16-0247    Version: 1 Name:
Type: Contract/Agreement Status: Agenda Ready
File created: 3/4/2016 In control: Board of Mayor & Aldermen
On agenda: 4/12/2016 Final action:
Title: Consideration of a Professional Services Agreement (COF Contract No. 2016-0055) with R. Rhett Turner, MAI for Review Appraisal Services for the Mack Hatcher Northwest Extension in an Amount Not to Exceed $60,000.00 (03-24-16 CIC 3-0)
Attachments: 1. COF2016-0055 Mack Hatcher Appraisal Services - PSA with scope_Law Approved

 

DATE:                                                               March 24, 2016

 

TO:                                          Board of Mayor and Aldermen

 

FROM:                                          Eric Stuckey, City Administrator

                                          Paul Holzen, Director of Engineering

                                          Ben Worley, Right of Way Agent

                                          

SUBJECT:                                          

title

Consideration of a Professional Services Agreement (COF Contract No. 2016-0055) with R. Rhett Turner, MAI for Review Appraisal Services for the Mack Hatcher Northwest Extension in an Amount Not to Exceed $60,000.00   (03-24-16 CIC 3-0)     

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Purpose

The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the need of a Professional Services Agreement (PSA) for review appraisal service for the Mack Hatcher Northwest Extension Project.

 

Background

The City acquired the Right of Way and Easements required for the construction of the Northwest Extension of Mack Hatcher. This acquisition was completed in 2011. Recently, the City has received comments from TDOT for changes that have been made to the project in the past 4 years. These changes have affected the Right of Way acquisition, which requires additional appraisals and review appraisals to be completed for certain tracts on the project. TDOT is expected to reimburse the City for these cost of these changes.

 

Financial Impact

The financial impact will be $60,000.00, which is reimbursable from TDOT.  Funding prior to reimbursement is expected to come from the Capital Project Funds (310-82560-43100).

 

Recommendation

rec

Staff recommends approval of the PSA with R. Rhett Turner, MAI.