SUBJECT/RECOMMENDATION:
Title
Approve an addendum to authorize the City an option for three 1-year renewal periods, for the contract between Property Registration Champions, LLC., a Florida limited liability company, and the City of Clearwater to manage the City's Foreclosure Property Registry and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
On July 21, 2017, City Council approved an agreement with Property Registration Champions, LLC to manage the City’s foreclosure property registry utilizing collected registration funds. The Agreement is for a two-year term and has an option for three one-year renewal periods each year, at the City's discretion.
This agreement has resulted in the following number of properties registered.
2017 - 313
2018 - 434
2019 (Jan - date) - 217
During the above time period, a total of 263 properties have been removed from the list due to evidence/transfer to a private property. Based on the data to date, the City continues to have a consistent number of foreclosures; the Planning and Development Department would like to exercise the option to extend the Agreement via an addendum for three additional one-year renewal periods, July 21, 2019 through July 21, 2022.
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A