Laserfiche WebLink
CONSENT <br />INDIAN RIVER COUNTY <br />OFFICE OF MANAGEMENT AND BUDGET <br />PURCHASING DIVISION <br />DATE: August 10, 2023 <br />TO: BOARD OF COUNTY COMMISSIONERS <br />THROUGH: John Titkanich, Jr., County Administrator <br />Kristin Daniels, Budget Director <br />PREPARED BY: Shelby Ball, Purchasing Specialist <br />SUBJECT: First Extension and Amendment to Agreement for Real Estate Broker Services (RFP <br />#2021011) <br />BACKGROUND: <br />The Board of County Commissioners awarded RFP 2021011 to Colliers International Florida, LLC <br />effective November 2, 2021, for Real Estate Broker Services. On July 11, 2023, the Board approved <br />the compensation rate of 6% for lease agreements. <br />DISCUSSION: <br />The initial term of this agreement will end on November 1, 2023. Staff requested an extension to <br />the agreement for the first two-year renewal period. This amendment will formalize the approved <br />compensation rate of 6% for lease/rental agreements brokered by Colliers. The commission rate of <br />4% for sales will stay in effect. <br />SOURCE OF FUNDS: <br />No funding is necessary as commission rates will vary and be deducted directly from the proceeds <br />of a sale or rental. <br />RECOMMENDATION: <br />Staff recommends the Board approve the first extension and amendment to the agreement with <br />Collier International Florida, LLC, and authorize the Chairman to execute it after the County <br />Attorney has approved it as to form and legal sufficiency. <br />ATTACHMENTS: <br />First Extension and Amendment <br />107 <br />