Laserfiche WebLink
�, <br />Elk s �- <br />River <br />Request for Action <br />To Item Number <br />Ma Tor and CinT Council 4.9 <br />Agenda Section Meeting Date Prepared by <br />Consent A enda NovembeY 6, 2023 Zack Carlton, Communittr Develo ment DirectoY <br />Item Description Reviewed by <br />Award Professional Services Contract: Residential Cal Portner, Ci r Administrator <br />Propert�r Valuation Stud�r for Park Dedication Reviewed by <br />Action Requested <br />Approve, byT motion, a Professional Services Contract with Patchin Messner Valuation Counselors to complete a <br />residential land valuation study. <br />Background/Discussion <br />The cityT has `vorked `vith Patchin Messner Valuation Counselors for t�vo previous residential land valuation <br />studies, first in 2016 and second in 2020. As they are familiar with the unique request, we solicited a proposal foY a <br />third studyT. The proposed contract amount of $6,000 is less than `vhat the cityT paid in 2020, and staff recommend <br />moving forward. <br />The studyT will provide three values for developable residential land of varyTing densities. The valuations will then <br />be used to establish a per unit rate for the cityT's park dedication fee. <br />The consultant expects to complete the study in earlyr DecembeY 2023. Staff will schedule a work session during <br />the next available meeting to review the findings. <br />Financial Impact <br />The proposal is $6,000 and can be paid for using Park Dedication Funds. <br />Mission/Policy/Goal <br />■ Supports the growth and development of the cityT's park and recreation amenities. <br />Attachments <br />■ PYofessional Services PYoposal dated OctobeY 13, 2023 <br />■ Standard Agreement for Professional Services <br />The Elk River Vision <br />A 2a�elcolning co�nlnunity 2a�ith T evolutiona� y and spizzted T esou� cefulness, exceptional <br />se�vice, and coln�nunity engagelnent that encou�ages and ins�iz•es pTo�pe�zty. <br />PowEREo ar <br />�I'1 ���� <br />Update�l• January 2023 <br />