This procurement is for an annual contract for brokerage services with NAI Mopper Benton not to exceed 3% of property sale revenue. The Real Estate Services Department will use these services to assist in the disposition of City-owned real estate property. These services will be valuable given the extensive networks, contacts, and resources of professional brokerages, and will potentially lead to higher exposure of property sales. The recent changes in Georgia law allow municipalities the option of engaging a professional real estate broker when disposing of real property.

The method used for this procurement was the request for proposal (RFP), which evaluates criteria in addition to the cost. The criteria evaluated for this RFP were qualifications and experience, examples of experience, fees, DBE participation, and local vendor participation. The recommended proposer proposed a range of commission percentages based on the estimated amount of a given parcel sale if the sale is accepted by Council. The recommended proposer offered a 3% commission rate on properties with a value of up to $1,000,000.00; a 2 1/2% commission rate on properties with a value between $1,000,000.01 and $3,000,000.00; 2% commission rate on properties with a value exceeding $3,000,000.01. The fee proposal points were assessed for the recommended proposer based on the highest rate of commission to be assessed. The recommended proposer shall charge a fee to the City in the amount of $2,500 (maximum for marketing materials) in the event that the Council rejects a sale of a given property. The typical listing agreement as proposed by the recommended proposer will be 180 days in length.

This is an annual contract that will expire on July 13, 2023 with three (3) renewal options available. The proposal was advertised, opened, and reviewed. Delivery: As needed. Terms: Net 30 days.

The proposers were:

B.P.     NAI Mopper Benton (Savannah, GA) (B)       3 percent commission rate ($0-1,000,000)

                                                                                   2.5 percent commission rate ($1,000,000-3,000,000)

                                                                                   2 percent commission rate ($3,000,000 and up)

                                                                                   $2,500 if Council rejects sale

Stonestreet Properties, LLC (Savannah, GA) (B)      2 percent commission rate

                                                                                   $10,000 if Council rejects sale

A pre-proposal conference was conducted and one vendor attended. (B) Indicates local, non-DBE owned business. 

Local Available: Yes

Total Sent: 748

Total Received: 2

Approval