DATE: January 22, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Paul Holzen, Director of Engineering
Ben Worley, Right-of-Way Agent/Project Manager
SUBJECT:
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Consideration of a Professional Services Agreement (COF Contract No. 2015-0419) with B. G. Jones and Company, LLC for Appraisal Services for the SR-96 East Sidewalk Project in an Amount Not to Exceed $90,000.00 (01/28/16 CIC 4-0)
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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) with B. G. Jones and Company, LLC for appraisal services for the SR-96 East Sidewalk Project.
Background
In early 2015, a public meeting was held for this project. Comments were taken from the meeting, and the project was subsequently redesigned as a multi-use trail. At this time, the design is complete and staff is ready to start the property acquisition process.
We are requesting to have B. G. Jones and Company, LLC complete appraisals for the 30 properties along SR-96 East that are impacted by this project.
Financial Impact
The appraisals for these 30 properties will cost $90,000.00 ($3,000.00 per tract). Funds to be paid out of the General Obligation Bonds.
Recommendation
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Staff recommends approval of the PSA (COF Contract No. 2015-0419 with B. G. Jones and Company, LLC.