TO: Chair and Members of the Board
FROM: Samuel A. May, Executive Director
DATE: April 11, 2018
Title
RESOLUTION AUTHORIZING AN AMENDMENT TO THE AGREEMENT WITH ADVANCED ASSET MANAGEMENT, INC., FOR PROPERTY MANAGEMENT SERVICES
Body
BACKGROUND: The MCRA Board approved a contract with Advanced Asset Management, Inc. (AAM) for commercial property management services on May 10, 2017. Copies of the Agreement and the RFP MCRA 2017-01 Property Management Services (Attachment A and B) are attached. The Agreement term was for a period of one (1) year with renewal options for two (2) additional one (1) year terms. The scope of the Agreement covers commercial property management, leasing and renewals, maintenance contract management, and other maintenance for Margate Boulevard and N.W. 58th Avenue.
The scope of the Agreement is being increased to include the following proposed additions:
* to provide contract management for newly installed landscaping improvements on Melaleuca Drive;
* to provide contract management for new construction projects and landscape improvements on Winfield Boulevard, West Copans Road, and West Atlantic Boulevard;
* to provide general property management service for all MCRA maintained medians throughout the CRA;
* to provide oversight and coordination to MCRA's vendors, Florida Department of Transportation (FDOT), and Broward County performing any services to the maintain the medians and their improvements to a standard, including paver maintenance and repair, periodic pressure cleaning and repairs of curbs and gutters, and coordination of signage repairs and replacement with FDOT, Broward County and the City.
* to coordinate loss mitigation services related to MCRA property damages caused by auto accidents.
Having these additional services administered through Advanced Asset Management would streamline and expedite several processes and enable the MCRA to be more proactive and responsive to landscape related issues.
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