CITY OF POWELL RIVER REQUEST FOR QUALIFICATIONS COMMERCIAL REAL ESTATE REVIEW The City of Powell River (the City) has a varied portfolio of real estate interests. The City's lease portfolio has developed over decades and the terms, conditions and rates of existing leases for both profit and not-for-profit tenants vary significantly. The City has developed updated standard leases to cover both for profit and not-for-profit tenants. The standard document may not, however, fit each circumstance. The City seeks a qualified contractor to: 1. Undertake a comprehensive review of the City's lease portfolio 2. Identify inconsistencies and develop recommendations, including timelines, for updating each lease 3. Develop recommendations for lease rates appropriate to each circumstance 4. Follow the City's review and approval of the findings and meet with tenants to discuss phasing in implementation of new leases. The review and development of recommendations is expected to be completed within 30 days of being awarded the contract. The successful contractor may also be contracted to undertake ongoing assignments to resolve issues that arise between tenant and landlord, and undertake the work necessary to fill space when vacancies occur. If this relationship develops the work will be the subject of a second, separate contract. The review, tenant consultation and possible ongoing tenant relations work requires someone: * Competent in managing leases; * Familiar with lease documents; * Experienced with Powell River lease rates; * Skilled in maintaining quality tenant relations; and * Efficient time management skills. If you are interested in this contract opportunity, please provide a summary of your qualifications, your expected hourly rate and a list of anticipated expenses to: Kathleen Day, CPA, CGA Chief Financial Officer City of Powell River Submissions will be accepted, by email only, up to 4 pm, Thursday, September 28, 2017.
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