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CITY OF CORTEZ
123 ROGER SMITH AVENUE
CORTEZ, CO 81321

Rick Smith
Director of General Services
110 West Progress Circle
Cortez, CO. 81321
rsmith@cortezco.gov

Memorandum

To:

CORTEZ CITY COUNCIL

From:

Vickie Haddix, General Services Secretary

Date:

May 8, 2024

RE:

Possible Selection of a Realtor to Provide Realtor Services

DISCUSSION

A request for proposals for Realtor Services was issued and responses to the RFP were received on April 24, 2024. The City received four proposals from local Real Estate firms. Please see the attached bid tabulation for the specifics.

BACKGROUND

The City has a need for Realtor Services to provide professional assistance with real estate transactions. The City currently has the skills needed to purchase real-estate, but it does not have the capability to list properties it wishes to sell on the real-estate Multiple Listing Service (MLS) system. It is important for the City to use a fair and open sales process when a property is destined to be sold, and using the MLS service is an important step toward ensuring fundamental fairness amongst potential buyers while ensuring that properties are sold at fair market value.

FISCAL IMPACT

The Realtor Services will be used on an as-needed basis.

RECOMMENDATION

Since the majority of the licensed real-estate service needed is access to the MLS system, staff recommends that the Council select the low bidder – Montezuma Real Estate Limited Liability Co., to provide Realtor Services to the City.

MOTION

If agreed upon by the City Council, a possible motion would be: I move that City Council approve the proposal and select the low bidder – Montezuma Real Estate Limited Liability Co., to provide Realtor Services to the City of Cortez, and that the City Manager be authorized to sign a contract on behalf of the City for this purpose.

Attachments

Realtor Eval sheet