Laserfiche WebLink
REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Appropriation <br />Agenda Date Requested:March 12, 2012 <br />Source of Funds:N/A <br />Requested By: Traci Leach <br />Account Number: <br />Department:Administration <br />Amount Budgeted: <br />Report: Resolution:Ordinance:X <br />Amount Requested: <br />Exhibits: Bid Tabulationand Bid List <br />Budgeted Item:YESNO <br />Exhibits: Ordinance <br />Exhibits:Site Map <br />SUMMARY & RECOMMENDATION <br />On December 31, 2011, the existing lease with Mr. James J. Flanagan expired on City-owned <br />property located at 918 N. Broadway St. in the City of Morgan’s Point(see Site Map for <br />reference). Subsequent to the lease expiration, the City advertised Sealed Bid No. S12002 for <br />the sale of the property through the City’s broker, Main Properties. The Notice to Bidders <br />appeared in the Houston Chronicle on January 26, 2012 and February 2, 2012. <br />On February 27, 2012, sealed bids were received and opened at Main Properties. Nine (9)bid <br />packets were picked up and the City received three (3)bids. The highest bidder was Integrated <br />Marine Services with a bid price of $1,400,000.The appraised value was $664,000.The bid <br />documents reserved the right of the City toselect the bid that was most advantageous to the City <br />and provides the Council with as much flexibility as possible in evaluating the submitted bid <br />offers.However, based on the bid prices submitted, staff recommends accepting the high bid <br />fromIntegrated Marine Services in the amount of $1,400,000. <br />Action Required by Council: <br />Approval or other action of an ordinance to accept abid from Integrated Marine Services in the <br />amount of $1,400,000 forCity-owned property at 918 N. Broadway St. <br />Approved for City Council Agenda <br />Steve Gillett,Interim City Manager Date <br /> <br />