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Committee debates realtor-services RFP, orders rebid; updates matured‑lien policy to match state law
Summary
Staff recommended the Bullis Company for a five‑year realtor services contract to handle city property sales, but councilors questioned the lack of local bidders and voted to rebid with separate residential and commercial RFPs; staff also outlined revisions to the matured-tax lien policy required by recent state law changes.
City staff told the Finance Committee they issued an RFP to secure a single brokerage to manage all city property sales after state law changes require sales of properties acquired through matured liens to be handled by licensed real estate brokers. Two proposals were received: John Hyatt (realtor/Associated Property Management) and the Bullis Company. Staff recommended the Bullis Company, citing greater capacity and more associates to manage city needs; the proposed contract would run five years with commissions of 8% for sales under $200,000 and a…
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