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Chief Administrative Office, Facilities Division, recommending the Board authorize the Chief Administrative Officer to sign the attached representation letter with Turton Commercial Real Estate to serve as the sole and exclusive broker to represent the County of El Dorado in negotiations to purchase parcel number 323-400-16-100.
FUNDING: N/A
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DEPARTMENT RECOMMENDATION
The Chief Administrative Office, Facilities Division, is recommending that the County engage the services of Turton Commercial Real Estate to represent the County in negotiations to purchase parcel number 323-400-16-100.
DISCUSSION / BACKGROUND
On March 20, 2018, the Board authorized the Chief Administrative Officer, or designee, to enter into negotiations with the owner(s), or their designated representative, of APN 323-400-16-100 located on Placerville Drive. The property consists of approximately 48 acres and is zoned as multi-use. The potential acquisition of this property may allow for growth of the County Government Center and allow consolidation of locations that are currently leased.
The owners of this parcel have engaged the services of a real estate broker as their designated representative. Persuant to our Facilities procedures (Attachment A) the division may retain the services of an outside real estate broker. Based on the complexity of this transaction and the time required to negotiate, the division does not have adequate resources to handle this negotiation internally. Therefore the Division is recommending that the County retain the services of an outside real estate broker.
The County real estate leasing and aquisition process was the subject of a Grand Jury Investigation in 2013-14. The Grand Jury recommended that the CAO and Facilities Investment Team review the procedures and criteria for contracting with a real estate broker and propose an appropriate policy in order to ensure that the selection and decision process is competitive and transparent. The Bo...
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