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A resolution accepting the terms of a cooperative purchasing master agreement with CBRE, Inc. for real estate services for the Metropolitan Nashville General Services Department.
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WHEREAS, Tennessee Code Annotated § 12-3-1205(b) allows the Metropolitan Government of Nashville and Davidson County (“Metro”) to participate in a cooperative purchasing agreement for the procurement of any goods, supplies, services, or equipment with an agency of the United States; and,
WHEREAS, Tennessee Code Annotated § 12-3-1205(b) allows Metro to participate in a master agreement with an agency of the United States by adopting a resolution accepting the terms of the master agreement; and,
WHEREAS, the Purchasing Agent desires to participate in the master agreement between CBRE, Inc. and the United States General Services Administration, a copy of which is attached hereto and incorporated herein; and,
WHEREAS, this master agreement was requested by the Metropolitan Nashville General Services Department but is available to all Metro Departments to utilize; and,
WHEREAS, Metro’s participation in this out-of-state master agreement is limited to a term that will not exceed sixty months; and,
WHEREAS, approval of the master agreement is in the best interest of the citizens of Metropolitan Government of Nashville and Davidson County.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the master agreement between CBRE, Inc. and the United States General Services Administration, a copy of which is attached hereto and incorporated herein, is hereby approved.
Section 2. That this resolution shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution accepts the terms of a cooperative purchasing master agreement with CBRE, Inc., for real estate services for the Department of General Services.
The original agreement is between the United States General Services Administration and CBRE, Inc. The anticipated project value is $500,000. The estimated savings to the Metropolitan Government by using this cooperative purchasing agreement is $52,071. The agreement would expire on March 2, 2031, and will not exceed 60 months, as required under the Metropolitan Code of Laws.
According to the Cooperative Request Review form, the agreement would provide real estate services that include financial asset resolution, cost estimates, property appraisal valuations and research, market analysis to ensure sound disposition, development and/or acquisition decisions.
T.C.A. § 12-3-1201(c) and Metropolitan Code of Laws § 4.12.090(b) authorizes local governments to purchase goods or services included in federal General Services Administration contracts.
Fiscal Note: According to the Cooperative Request Review from Division of Purchases, the anticipated project value is $500,000. The anticipated savings to Metropolitan Government through utilizing this cooperative agreement is $52,571.