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:
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Consideration of a Professional Services Agreement (COF Contract No. 2016-0054) with B.G. Jones and Company for Appraisal Services for the Mack Hatcher Northwest Extension in an Amount Not to Exceed $80,000.00 (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 a Professional Services Agreement (PSA) for appraisal services 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 the reappraisal of 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 $80,000.00, which is reimbursable from TDOT. Funding prior to reimbursement is expected to come from the Capital Project Funds (310-82560-43100).
Recommendation
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Staff recommends approval of the PSA with B.G. Jones and Company, LLC.