STRATEGIC PRIORITY: Core
AGENDA DATE: June 25, 2025
COUNCIL DISTRICT(S): Citywide
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize (1) payment of invoices to CBRE, Inc. for professional real estate consultancy and brokerage services in an estimated amount of $620,000.00; and (2) a one-year service contract with CBRE, Inc. for professional real estate brokerage services through an interlocal agreement with Dallas County in an estimated amount of $140,715.00 - Total estimated amount of $760,715.00 - Financing - General Fund
Body
BACKGROUND
This service contract will provide real estate brokerage services on an as-needed basis, for a variety of real estate matters. These services will be utilized to provide the City with assistance in facilitating real estate transactions, including but not limited to buying, selling, and leasing properties.
Payment of invoices to CBRE, Inc. are authorized for payment for services performed under Contract No. DEV-2019-00010801, which expired on April 9, 2025. The payment for services rendered need to be paid using the funds originally encumbered.
The interlocal agreement with Dallas County is authorized by Chapter 791 of the Texas Government Code and Subchapter F, Chapter 271, Texas Local Government Code. Section 271.102 of the Texas Local Government Code authorizes a local government to participate in a Cooperative Purchasing Program with another local government or a local cooperative organization.
ESTIMATED SCHEDULE OF PROJECT
Began Services April 2025
Complete Services April 2026
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Fund
FY 2025
FY 2026
Future Years
General Fund
$760,715.00
$0.00
$0.00
M/WBE INFORMATION
In accordance with the City's Business Inclusion and Development Policy adopted on September 23, 2020, by Reso...
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