TO: Margate CRA Chair and Members of the Board
FROM: Cale Curtis, CRA Executive Director
DATE: November 12, 2020
Title
PROPERTY MANAGEMENT SERVICES
Body
BACKGROUND: James Nardi, Advanced Asset Management (AAM) has provided property management services to the MCRA since December, 2007. AAM’s current contract with the MCRA was approved May 9, 2017 and is due to expire on May 8, 2021. During the current contract term, there were six contract amendments made to provide for additional services, oversight, and term extensions (original contract and amendments are attached).
AAM’s current scope of services includes, but is not limited to, the following:
- Commercial property management - all aspects
- Leasing and renewals
- Maintenance contract management - oversees contracts for landscaping, bus shelter maintenance, pest control, and Waste Management
- Liaison with Florida Department of Transportation, Broward County and other vendors performing services on the medians
- Other services - maintenance of benches and trash receptacles on Margate Blvd., assists with insurance claims for landscaping and/or property damages caused by accidents
Additionally, Mr. Nardi has provided Owner Representation for the capital improvements made to Ace Plaza and the current Chevy Chase improvement project.
RECOMMENDATION: Staff’s recommendation is to authorize the Executive Director to negotiate long-term agreement with AAM.
FISCAL IMPACT: To be determined
CONTACT PERSON: Cale Curtis, CRA Executive Director