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HomeMy WebLinkAboutAgenda Report - October 3, 2001 I-02CITY OF LODI COUNCIL COMMUNICATION j k AGENDA TITLE: Authorization for City Manager to Enter into a Professional Services Agreement with MAXIMUS for Appraisal of City Facilities. MEETING DATE: October 3, 2001 PREPARED BY: Kirk J. Evans, Sr. Human Resources Analyst RECOMMENDED ACTION: That City Council authorize the City Manager to enter into a professional services agreement with MAXIMUS for appraisal of City facilities. BACKGROUND INFORMATION: Valuation Resource Management, Inc. prepared a report for the City of Lodi which provided an appraisal of designated City property for insurance purposes as of July 3 1, 1999. Property values contained in this report are over two years old and need to be updated. It is timely to re -appraise our facilities now, for both insurance purposes and as required for proposed City debt refinancing. The company that provided the 7/31/99 report — now known as MAXIMUS — can provide an update of this report in a relatively short period of time. A preliminary cost estimate for this service is approximately $5000. FUNDING: Risk Management - Other Insurance Fund #301201 Funding Approval: f)"I' Vicky McAfhie Finance Director Respectfully submitted, 4 Kirk J. Evans Sr. Human Resources Analyst APPROVED' 7 H. 31' D. on Flynn — CitfI4'a�nager