Title
Recommendation to Authorize the City Manager to Execute an Agreement with Lincoln Property Company for Management of the City's Real-Property Asset Portfolio, Including City-Owned or Controlled Commercial and Residential Property at Alameda Point and Other Select Locations Throughout Alameda for an Initial Term of Two Years for a Total Not-to-Exceed Cost of $3,462,138 Plus Commission, with Two Options for Two-Year Renewals for a Total Possible Duration of Six Years And a Total Not-to-Exceed Amount of $11,436,037 Plus Commission.
This action is categorically exempt from further environmental review pursuant to California Environmental Quality Act Guidelines Section 15061 (Common Sense). (Base Reuse and Economic Development 29061822, 21661825).
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The City of Alameda's (City) Base Reuse and Economic Development Department issued a public Request for Proposals (RFP) for Property Management Services in October of this year, as the current contract for these services is set to expire on December 31, 2024. These services include the management of the City's real-property asset portfolio including City-owned or controlled commercial and residential property at Alameda Point, State Lands Trust, and other select locations throughout Alameda, under the direction of City staff. Timely and complete proposals were considered, and interviews were held with respondents. Based on the proposals and interviews, Staff recommends Lincoln Property Company (Lincoln) for a two (2)-year contract with two (2) options for two-year renewals (a possible total duration of six (6) years) with the City of Alameda to provide the required property management services.
BACKGROUND
The City real property asset portfolio includes over 100 properties, and over 1,500 acres of land at Alameda Point, in addition to select properties across Alameda and Bay Farm Island. With complex en...
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