Agenda - Council - 07/26/2016 - Laserfiche WebLink

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(2) routine maintenance and property upkeep (minor issues) If we have a tenant that takes good care of their property,and follows through on their lease obligations,this item is never an issue. If we have a tenant that is consistently violating city code or property upkeep provisions in the lease agreement, it can be a lot of work for staff--to repeatedly follow-up and closely monitor a property.Additionally,there are a lot of naturally occurring minor maintenance and property upkeep items(or disputes)that arise when owning a property.Having Premier Commercial Realty on board is Ana/or relief to the City's public works department--when considering minor property upkeep. (3) major/high level issues It is not uncommon for larger,higher-level, odd requests/demands/issues to arise from City leased properties. In many cases, these items are not"normal" and cannot be simply addressed by the City's Policy for Leasing City Owned Property or by simply hiring a property manager. Many times,these issues get intertwined with the City's zoning code,MnDOT, and other entities. Many times,these issues involve new contracts/contract amendments, or new policy discussions for the Council. Many times,these items include major contract disputes/legal items,and large ticket priced items. Having Premier Commercial Realty on board is a minor relieo the City's administration department--when major/high-level issues. ALTERNATIVES (1)approve the attached agreement (2) amend the attached agreement (3)obtain multiple proposals, from various professional services firms (4)terminate agreement, do not utilize a property manage Funding Source: Payments for Premier Commercial Realty come from RALF property lease proceeds--not the City's general fund. Recommendation: Approve the attached agreement,which includes: •Addition of 7443 Highway 10 •Increased spending limit for Premier Commercial Realty from$100 to$500 •Minor house keeping items This contract saves a significant amount of staff time (especially our Public Works Department and Finance Department). This contract is paid for via RALF lease proceeds and does not effect the general fund. RALF lease proceeds can only be spent on RALF properties. Action: Motion to: Approve the attached Rental Property Management Agreement with Premier Commercial Realty. Attachments Premier Commercial Realty Property Management Agreement v06222016 Form Review Inbox Reviewed By Date Diana Lund Diana Lund 07/07/2016 11:24 AM Tim Gladhill Tim Gladhill 07/21/2016 09:40 AM Kurt Ulrich Jo Thieling 07/21/2016 10:46 AM Form Started By:Patrick Brama Started On:06/23/2016 12:18 PM Final Approval Date:07/21/2016