Metro - File #: 2020-0416

• File #: 2020-0416
• Type: Contract
• Status: Passed
• File created: 6/12/2020
• In control: Board of Directors - Regular Board Meeting
• On agenda: 8/19/2020
• Final action: 8/27/2020
• Title: CONSIDER authorizing the Chief Executive Officer to: A. APPROVE the establishment of 19 contract agreements for professional services under the Real Estate Appraisal Services Bench, with the contractors recommended in Attachment A-1 for a five-year base period in the amount of $34,500,000, with two, one-year options, for $3,500,000 and $2,064,500, respectively, with a funding amount not to exceed cumulative total of $40,064,500, subject to resolution of protest(s) if any. B. AWARD Task Orders within the approved not-to-exceed cumulative total value of $34,500,000.
• Sponsors: Planning and Programming Committee
• Indexes: Budgeting, Contractors, Contracts, East San Fernando Valley Light Rail Project, East San Fernando Valley Transit Corridor, Federal Transit Administration, Gold Line Eastside Transit Corridor Phase 2, Link Union Station, Metro Rail A Line, Metro Rail B Line, Metro Rail D Line, Metro Rail E Line, Metro Rail L Line, Metro Vision 2028 Plan, Procurement, Strategic planning, Westside Subway Extension/Purple Line Extension Phase 1, Westside Subway Extension/Purple Line Extension Phase 2

Date	Action By	Action	Result
8/27/2020	Board of Directors - Regular Board Meeting
8/19/2020	Finance, Budget and Audit Committee

Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
AUGUST 19, 2020

Subject
SUBJECT: REAL ESTATE APPRAISAL SERVICES BENCH

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER authorizing the Chief Executive Officer to:

A. APPROVE the establishment of 19 contract agreements for professional services under the Real Estate Appraisal Services Bench, with the contractors recommended in Attachment A-1 for a five-year base period in the amount of $34,500,000, with two, one-year options, for $3,500,000 and $2,064,500, respectively, with a funding amount not to exceed cumulative total of $40,064,500, subject to resolution of protest(s) if any.

B. AWARD Task Orders within the approved not-to-exceed cumulative total value of $34,500,000.

Issue
ISSUE

The Los Angeles County Metropolitan Transportation Authority ("LACMTA") Real Estate staff requires a bench contract for appraisal services with three (3) disciplines: Real Estate; Furniture, Fixtures and Equipment; and Business Goodwill.

LACMTA has an on-going need for appraisal services in support of new transit and highway projects, enhanced bus and rail operations, and a host of other administrative and transportation improvements projects. Some major transportation projects include:

* Westside Purple Line Subway Extension Section III
* Link US
* Eastside Transit Corridor Phase 2
* Sepulveda Transit Corridor
* West Santa Ana Branch Transit Corridor
* Orange Line BRT Improvement
* East San Fernando Valley Transit Corridor
* Other miscellaneous projects including bus, rail, and highway projects

These projects will be designed and constructed over the next eight years and will require the appraisal of various personal and real property interests.

LACMTA is required by federal, state and municipal agency regulations to make offers of "Just Compensation" for the acquisition of real and personal property based on "fair market value" as recommended by competent, independent appraisers.
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