HomeMy WebLinkAbout06.b.01.a CA CBRE PSA for Valuation and Advisory Services 1st Renewal Final EXECUTIVE SUMMARY
AGENDA ITEM:
Proposed Renewal of the Professional Service Agreement with CBRE,Inc. for Ongoing Valuation
and Advisory Services
Date: October 2, 2025
BACKGROUND:
CBRE, Inc. is a professional real estate appraisal firm that provides valuations and reviews of fee
simple, easement,leased fee, and leasehold interests for both existing and proposed developments,
including land and mixed-use projects. CCUA seeks appraisal services to establish the market
value of subject sites for easements and potential future land use projects.
The Professional Service Agreement with CBRE, Inc. is scheduled to expire on October 17, 2025.
The agreement allows for a two (2) year renewal, contingent upon mutual consent. Both parties
are interested in renewing the contract without a price increase.
BUDGET IMPACT:
Staff determined the rates for professional services are fair, competitive, and reasonable. CBRE,
Inc. will be paid a standard fee of$250 per hour, not to exceed $14,000.00 to provide support, as
needed.
RECOMMENDATION:
Staff respectfully requests the Board of Supervisors' approval of renewing the Professional Service
Agreement with CBRE, Inc. for an additional two (2) years.
ATTACHMENTS:
CBRE, Inc. Signed Renewal Letter
//DP(Author)
//MB,AW,AE(Review)
//AW(Final)
6,416),
—g COUti Clay County Utility Authority Working together to
3176 Old Jennings Road protect public health,
Middleburg,FL 32068-3907 conserve our natural
Telephone(904)272-5999resources,and create
11 O www.clayutility.org long-term value for
Y A U our ratepayers.
September 30, 2025
Nick Chop, MAI, R/W-AC, Director— South Region
CBRE, Inc.
225 Water Street, Suite 110
Jacksonville, FL 32202
Re: Professional Service Agreement(PSA) for Ongoing Advisory and Valuation Services
Dear Mr. Chop:
The above-referenced contract is scheduled to expire on October 17, 2025. However, the terms of this
contract allow for the renewal of an additional two(2)year period,contingent upon the mutual agreement of
both parties.The new contract period will continue from October 18,2025—October 17,2027.If you wish
to continue the contract under the current terms,please sign, date,and return this letter to us by 12:00 P.M.
(EDT)on Thursday,October 2,2025, and we will consider this confirmation of acceptance of the current
terms as stated above.
We appreciate your operation and look forward to continuing doing business with you in the coming year.
Sincerely,
CLAY COUNTY UTILITY AUTHORITY ACCEPTANCE: YES NO OTHER
CBRE,Inc.aLC
Dam 9 P
Darrin G. Parker NAME:
Contract& Procurement Specialist Courtland C. Eyrick. as agent for CBRE, Inc.
TITLE:
/dgp Executive Vice President
DATE:
cc: Jeremy D. Johnston October 1 ,2025
Karen Osborne