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File #: 12317   
Type: Consent Status: Passed
File created: 6/2/2025 Department: Community Development and Housing Department
On agenda: 6/10/2025 Final action: 6/10/2025
Subject: Amendment to Contract with Whitaker Real Estate Services, Inc. for Affordable Housing Pro Forma Analysis and Transaction Structuring Services
Attachments: 1. CON-CDH-06-10-2025-Whitaker Amendment No.pdf

REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS

OF SAN BERNARDINO COUNTY

AND RECORD OF ACTION

 

                                          June 10, 2025

 

FROM

CARRIE HARMON, Director, Community Development and Housing Department 

         

SUBJECT                      

Title                     

Amendment to Contract with Whitaker Real Estate Services, Inc. for Affordable Housing Pro Forma Analysis and Transaction Structuring Services

End

 

RECOMMENDATION(S)

Recommendation

Approve Amendment No. 4 to Contract No. 4400018237 with Whitaker Real Estate Services, Inc. for affordable housing pro forma analysis and transaction structuring services, increasing the total contract amount by $30,000, from $530,000 to an amount not to exceed $560,000, and extending the contract term by one month, for a new total contract term of July 31, 2021, through July 31, 2025.

(Presenter: Carrie Harmon, Director, 382-3983)

Body

 

COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES

Promote the Countywide Vision.

Create, Maintain and Grow Jobs and Economic Value in the County.

Improve County Government Operations.

Ensure Development of a Well-Planned, Balanced, and Sustainable County.

Provide for the Safety, Health and Social Service Needs of County Residents.

Pursue County Goals and Objectives by Working with Other Agencies and Stakeholders.

 

FINANCIAL IMPACT

Approval of this item will not result in the use of Discretionary General Funding (Net County Cost). The contract increase of $30,000 will be paid from the HOME Investment Partnerships American Rescue Plan Program. Adequate appropriation and revenue have been included in the Community Development and Housing Department’s (CDH) 2024-25 budget and will be included in the 2025-26 recommended budget.

 

BACKGROUND INFORMATION

Amendment No. 4 (Amendment) to SAP Contract No. 4400018237 (Contract) with Whitaker Real Estate Services, Inc. (Whitaker) will allow CDH to facilitate the successful completion of the acquisition phase for CDH's two motel conversion projects, which require additional time beyond the current contract term end date of June 30, 2025. This Amendment provides a one-month extension and increased funding to continue with affordable housing pro forma analysis and transaction structuring services.

 

CDH finances several complex housing development projects, which require a high level of analysis regarding the financial structure, developer selection, low-income housing tax credit financing, new and innovative housing costs, and classification and categorization of different types of residential buildings. These services are vital to determining the appropriate financial investment in housing projects.

 

On August 12, 2021, as the result of a competitive solicitation via Request for Proposals No. EDA121-EDA-4175, the Purchasing Department (Purchasing) executed the Contract with Whitaker, in the amount of $190,000 for the term of July 31, 2021, through July 30, 2022.

 

The following subsequent amendments were executed by Purchasing:

                     Amendment No. 1 to the Contract extended the term through July 31, 2023, with no change to the Contract amount.

                     Amendment No. 2 to the Contract extended the term through June 30, 2024, and increased the amount by $190,000, for a total not to exceed amount of $380,000, and expanded the scope of services to include pre-development and development analysis related to the construction of new affordable housing units at the Pacific Village project.

                     Amendment No. 3 to the Contract extended the term through June 30, 2025, and increased the amount by $150,000, for a total not to exceed amount of $530,000.

 

With the recommended contract increase of $30,000 in this Amendment, the Contract exceeds the Purchasing Department’s approval authority limit of $200,000 per year. As a result, this Amendment is being presented to the Board of Supervisors for approval.

 

CDH recommends approval of the Amendment to continue affordable housing pro forma analysis and transaction structuring services that contribute to the development of a well-planned, balanced, and sustainable county, and help increase the housing stability of county residents.

 

PROCUREMENT

Not applicable. 

 

REVIEW BY OTHERS

This item has been reviewed by County Counsel (Suzanne Bryant, Deputy County Counsel, 387-5455) on May 2, 2025; Purchasing (Ariel Gill, Supervising Buyer, 387-2070) on May 2, 2025; Finance (Paul Garcia, Administrative Analyst, 386-8392) on May 23, 2025; and County Finance and Administration (Cheryl Adams, Deputy Executive Officer, 388-0238) on May 27, 2025.