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HA - CONSENT ITEM: Approval of an Amendment to the Existing Professional Services Agreement with Metropolitan Property Management, LLC for Property Management Services for the Nine-Unit Affordable Housing Complex Located at 4031 Jackson Avenue, Culver City, CA 90232 in an Amount Not-to-Exceed 15% of Gross Rental Proceeds Plus Reimbursement for Cost of Repairs During the Time of Performance from July 1, 2024, through June 30, 2027.
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Meeting Date: June 24, 2024
Contact Person/Dept.: Tevis Barnes/ Housing and Human Services
Mona Kennedy/ Housing and Human Services
Marna Johnson/ Housing and Human Services
Phone Number: (310) 253-5780
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Attachments: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - Public Notification: Metropolitan Property Management Services LLC (06/03/2024); Residents of
4031 Jackson Avenue, Culver City (06/10/2024); (E-Mail) Meetings and Agendas - City Council (06/19/2024)
Department Approval: Tevis Barnes, Assistant Executive Director (06/03/2024) _____________________________________________________________________
RECOMMENDATIONS:
Staff recommends the Culver City Housing Authority (CCHA) Board approve an amendment to the existing Professional Services Agreement (PSA) with Metropolitan Property Services, LLC (Metropolitan) to continue providing property management services for the affordable nine-unit multi-family complex located at 4031 Jackson Avenue, Culver City, CA 90232 in an amount not-to-exceed 15% of gross rental proceeds plus reimbursement for cost of repairs during the time of performance from July 1, 2024 through June 30, 2027.
BACKGROUND:
The property located at 4031 Jackson Avenue, Culver CA 90232, (Jackson Property) is an 8,888 sq./ft. nine-unit multi-family housing complex built in 1987 by Gangi Builders. The property was improved with the support of funds from the former Culver City Redevelopment Agenc...
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