FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to grant a bid waiver to Vision Government Solutions in the amount of $257,000 for Revaluation Services. due to receiving fewer than the required three bids in response to Bid 2024-04 (Revaluation) in accordance with Ordinance #200-001 (rev 1) "An Ordinance for Purchasing".
end
Background:
On May 30, 2024 the town conducted a did opening for bid #2024-04 RFP (Revaluation Services). Only two bids were received - noted below:
1. Municipal Valuation bid $298,200
2. Vison Government Solutions bid $257,000
It was determined that both bidders were deemed to be qualified.
Department Comment/Recommendation:
The Assessor is recommending low bidder be selected. It should also be noted that based on property inspections done recently, the town expects to realize approximately $10,000 in savings off the low bid price noted above as these properties will not require site inspections by the vendor.
Finance Director Comment/Recommendation:
The Revaluation Account within the CNR Fund (210) has a current balance of $156,554. Additional funding will need to be appropriated from another source to fully fund the revaluation.
Mayor Comment/Recommendation:
I support this bid waiver request. Per State Statute 12-62, municipalities are required to conduct revaluations every 5 years with full inspections every 10 years. Due to a procedural change by the legislature, we will be required to conduct a full inspection in 2025 and a statistical revaluation again in 2029 (as opposed to 2030).