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HA - 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 4031Jackson Avenue, Culver City, CA 90232 in an Amount Not-to-Exceed 10% of Gross Rental Proceeds Plus Reimbursement for Cost of Repairs for the Period July 1, 2021 through June 30, 2024, and the Replacement of the Aging Roof, Kitchen and Bathroom Countertops, and Cabinets in an Amount Not-to-Exceed $250,000.
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Meeting Date: October 11, 2021
Contact Person/Dept: Tevis Barnes-CDD/Housing
Phone Number: (310)253-5780
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification: Metropolitan Property Management Services LLC (09/27/2021); Residents 4031 Jackson Avenue (09/27/2021)(E-Mail) Meetings and Agendas - City Council (10/07/2021);
Department Approval: Sol Blumenfeld, Assistant Executive Director (09/30/2021)
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RECOMMENDATIONS:
Staff recommends the Housing Authority (Authority) Board approve an amendment to the existing professional services agreement 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 10% of gross rental proceeds plus reimbursement for cost of repairs for the period of July 1, 2021 through June 30, 2024, and the replacement of the aging roof, kitchen and bathroom countertops, and cabinets in an amount not-to-exceed $250,000.
BACKGROUND:
The property located at 4031 Jackson Avenue (Jackson Property) is an 8,888 sq./ft. nine-unit multi-family housing complex built in 1987 by Gangi Builders. The prope...
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