STRATEGIC PRIORITY: Core
AGENDA DATE: August 27, 2025
COUNCIL DISTRICT(S): Citywide
DEPARTMENT: Office of Procurement Services
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize a three-year service contract, with three one-year renewal options, for underwriting services for real estate development for the Department of Housing and Community Development - PMG World Wide, Inc., most advantageous proposer of five - Financing: This action has no cost consideration to the City (see Fiscal Information)
Body
BACKGROUND
This service contract will provide for underwriting services for real estate development for the Department of Housing and Community Development. This service contract will provide financial assistance to new developments or substantial rehabilitation of existing developments through the Notice of Funding Availability (NOFA). The NOFA projects will deliver sustainable, affordable housing to residents throughout the City.
This program leverages city-owned land, public/private partnerships, and supports social impact projects, while following the compliance rules and limitations associated with funding streams.
If the development meets the city's standards, the supplier will make recommendations regarding amounts, terms and sources, submitting a written underwriting report for each project.
All development projects are underwritten utilizing prudent business practices through the City's underwriting framework including:
• Evaluation of regulatory requirements applicable to the project
• Market risk
• Developer risk
• Project risk or financial underwriting
• Ensuring the investment of public dollars meet the public purpose of the City's programs.
A five-member committee from the following departments reviewed and evaluated the qualifications:
• Department of Housing and Community Development (1)
• Office of Economic Development (1)
• Office of Homeless Solutions (1)
• Office of Procurement Services (2)*
*The Office of Procurement Services evaluated cost, local preference, and the Business Inclusion and Development Plan, if applicable.
The committee selected the successful respondents on the basis of demonstrated competence and qualifications under the following criteria:
• Cost and timeframe 30 points
• Experience 25 points
• Approach 25 points
• Business Inclusion and Development Plan 15 points
• Local Preference 5 points
As part of the solicitation process and in an effort to increase competition, the Office of Procurement Services used its procurement system to send out email notifications to vendors registered under relevant commodity codes. To further increase competition, the Office of Procurement Services uses historical solicitation information, the Internet, and vendor contact information obtained from user departments to contact additional vendors.
On November 10, 2015, the City Council authorized a living wage policy that requires contractors to pay their employees a “living wage” rate as established annually by the Massachusetts Institute of Technology Living Wage Calculator for Dallas County by Resolution No. 15-2141. The calculated living wage during the solicitation process of this contract is $22.05; the selected vendor meets this requirement.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
This action has no cost consideration to the City. A developer seeking housing funding will pay the underwriting fee directly to the underwriter.
LOCAL PARTICIPATION
|
Prime |
Status |
Workforce % |
|
PMG World Wide, Inc. |
Non-local |
27.27% |
PROCUREMENT INFORMATION
Method of Evaluation for Award Type:
|
Request for Competitive |
• Utilized for high technology procurements, insurance procurements, and other goods and services |
|
Sealed Proposal |
• Recommended offeror whose proposal is most advantageous to the City, considering the relative importance of price, and other evaluation factors stated in the specifications |
|
|
• Always involves a team evaluation |
|
|
• Allows for negotiation on contract terms, including price |
The Office of Procurement Services received the following proposals from solicitation number BEZ25-00026409. We opened them on February 21, 2025. We recommend the City Council award this service contract in its entirety to the most advantageous proposer(s).
*Denotes successful proposer
Proposers Address Score
*PMG World Wide, Inc. 200 Waco Road 74.33
Kings Mountain, NC 28086
Cushman & Wakefield 2021 McKinney Avenue 58.36
Of Texas, Inc. Suite 900
Dallas, TX 75201
SAB Consulting Services, 6860 Oldfields Lane 54.60
LLC dba SAB Consulting, LLC Zionsville, IN 46077
MStreetX, Inc. 3601 Pickett Road 52.46
Unit 2192
Fairfax, VA 22031
Trinity Resolution Services 5109 Bourquin Street Non-responsive
Dallas, TX 75210
OWNER/EXECUTIVE
PMG World Wide, Inc.
Tomeka Lynch-Purcell, President