File #: 2020-1424    Version: 1 Name:
Type: Resolution Status: Preliminary Item
File created: 11/6/2020 In control: Board of Commissioners
On agenda: 12/8/2020 Final action:
Title: Commission District(s): ALL REN - Neighborhood Stabilization Program One (NSP1) and Program Three (NSP3) (Annual Contract - 2nd Renewal of 2 Options to Renew): Contract No. 1124701 for use by the Department of Community Development (CD). This contract consists of acquiring, rehabilitating and selling DeKalb residential properties. Awarded to Synergy Real Estate Developers, LLC. Amount Not to Exceed: $1,210,419.74.
Attachments: 1. Agenda Notes, 2. UD Request Form (CD)

Purchasing Type: Renewal (REN)                               

Public Hearing:  YES ☐     NO ☒                                  Department: Purchasing & Contracting                                     

 

AGENDA ITEM:

Title

Commission District(s): ALL

REN - Neighborhood Stabilization Program One (NSP1) and Program Three (NSP3) (Annual Contract - 2nd Renewal of 2 Options to Renew):  Contract No. 1124701 for use by the Department of Community Development (CD).  This contract consists of acquiring, rehabilitating and selling DeKalb residential properties.  Awarded to Synergy Real Estate Developers, LLC.  Amount Not to Exceed: $1,210,419.74.

 

Body

Information Contact: Cathryn G. Horner, Director

Phone Number: (404) 687-2797

 

PURPOSE:

Awarded by the BOC on August 14, 2018 for an amount not to exceed $4,000,000.00.  On October 22, 2019, the BOC approved the 1st renewal option in the amount of $4,000,000.00.  This request is to exercise the 2nd and final renewal option.

 

RECOMMENDATION:

Recommended Action

Recommend approval to exercise the 2nd renewal option through December 31, 2021 with:

 

Synergy Real Estate Developers, LLC, 40 Andrew Drive, Stockbridge, GA  30281

 

Amount Not To Exceed: $1,210,419.74

 

and authorize the Chief Executive Officer to execute the change order and all associated documents.

 

ADDITIONAL INFORMATION:

1. LSBE Participation:                                                                                    20%

2. Contract Effective Date:                                                                                    August 18, 2018

3. Contract Expiration Date:                                                                                    December 31, 2020

4. Amount Spent to Date:                                                                                    $2,789,580.26

5. Funding:                                                                                                                              HUD NSP Grant (CD)