Subject:
Title
Purchase Authorization with CBRE, Inc. for Development Advisory Services - downtown Clearwater and new headquarters facility.
label
Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the Purchase Authorization with CBRE, Inc. for Development Advisory Services - downtown Clearwater and new headquarters facility.
• This Agreement provides real estate advisory and transaction services in support of the disposition and redevelopment of County-owned parcels in downtown Clearwater, and the development of a new headquarters campus.
• Contract services are divided into two sections: first, to support the County’s efforts to develop a new headquarters facility/campus at a future location to be selected by the County; second, to help fund future development by monetizing current owned properties.
• Agreement in the not to exceed amount of $1,569,000.00 for a five-year term.
• Agreement is based off the State of Florida, Department of Management Services for Tenant Broker & Real Estate Consulting Services; Contract # 12/13-007A.
• The County Administrator has authority in any amount to award contracts competitively procured by the State of Florida, per Code Section 2-185.
• Funding is budgeted in the Capital Improvement Plan, under project Clearwater Centralized Campus (004176A), in FY24, funded by a General Fund transfer.
Contract No. 24-00026-PB; Purchase Authorization for a total not-to-exceed sum of $1,569,000.00, effective for a five-year term.
Body
Strategic Plan:
Foster Continual Economic Growth and Vitality
4.4 Invest in infrastructure to meet current and future needs
Deliver First-Class Services to the Public and Our Customers
5.2 Be responsible stewards of the public’s resources
5.3 Ensure effective and efficient delivery of county services and support
5.4 Strive to serve the needs of all Pinellas County residents and customers.
Summary:
This Agreement provides real estate advisory and transaction services in support of the disposition and redevelopment of County-owned parcels in downtown Clearwater, and the development of a new headquarters campus.
Background/Explanation:
This Agreement is based off the competitively procured Contract # DMS-12/13-007A by the State of Florida, Department of Management Services for Tenant Broker & Real Estate Consulting Services.
Fiscal Impact:
Total not-to-exceed sum: $1,569,000.00.
Funding is budgeted in the Capital Improvement Plan, under project Clearwater Centralized Campus (004176A), in FY24, funded by a General Fund transfer to the Capital Projects fund.
Delegated Authority:
Authority for the County Administrator to sign this Purchase Authorization is granted under Code Section 2-185.
Staff Member Responsible:
Kevin Knutson, Assistant County Administrator
Merry Celeste, Division Director, Purchasing & Risk, Administrative Services
Joe Lauro, Director, Department of Administrative Services
Partners:
N/A
Attachments:
Agreement