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'CI'(-: OF SAN BERNARDI("":O - REQUrT FOR COUNCIL AC-)ON
From:
KENNETH J. HENDERSON, DIRECTOJiE'C~ll ~\lbi~~t: SELECTION OF ESCROW SERVICES COMPANY
'lIolJ""H.~R CITY RENTAL REHABILITATION
Community Development iDG7 ocr 22 P,'f ;~~OGRAM (RRP)
October ZZ, 1987
Dept:
Date:
Synopsis of Previous Council action:
On September ZI, 1987, the Mayor and Common Council authorized staff to issue a Request
for Proposals (RFP) for escrow services for the City Rental Rehabilitation Program (RRP).
Recommended motion:
That Mayor and Common Council select CD Financial, Inc., as the escrow services
company for the City Rental Rehabilitation Program (RRP), and further, that the
City Attorney be directed to prepare the appropriate documentation for approval
by the Mayor and Common Council.
-~~~tb~~QI
Contact penon:
Kenneth J. Henderson / Nestor Nazario
Phone:
5065
Supporting deta IUlchld:
Staff Report
Ward:
1 - 7
FUNDING REQUIREMENTS:
Amount:
N/A
Sourca: (ACCT. NO.) N/A
(ACCT. DESCRIPTION) N/A
Flnlncl:
Council Note.:
75.0212
Agenda Item No.
/
/f,
. CI'l:: OF SAN BERNARDO - REQU~ FOR COUNCIL AC~))N
STAFF ~EPORT
This staff report has been developed pursuant to the Mayor
and Common Council's authorization to issue a RFP for escrow
services for FY 1987/1988 RRP. Newspaper advertisements were
placed in the Precinct Reporter, El Chicano and the Sun
Newspaper. The following were the five (5) respondents to
the RFP:
Date
Name
Address/Teleohone No.
9/28/87
Esther Ferrero
Escrow Mart
1255 E. Highland
San Bernardino, CA 92404
714/882-2591
9/25/87
Gail Bloomingdale
CD Financial .
18300 Von Karmen
Irvine, CA 92715
714/553-2332
9/30/87
Phil Long
Security Pacific
8141 Second Street
Downey, CA 92041
213/923-5551
9/30/87
Linda Villareal
Cal. Title Reporting
1827 Altanta Street
Downey, CA 92041
213/784-8900
10/1/87
Tina Lindblack
Clyde Escrow Company
5092 East Hallet
Las Vegas, NV 89122
702/458-0315
The proposal submittal period was from September 26, 1987 to
October 5, 1987, during which time only one complete proposal
(CD Financial) was received in direct response to the RFP for
escrow services.
Staff has reviewed and evaluated the partial responses and CD
Financial's proposal based on the RFP criteria. The
following is a summary of staff's review:
A. Backqround
In the financial services capacity, the proposal submitted
by CD Financial provides a comprehensive list of services
that relate to the city of San Bernardino's goals and
objectives for the RRP. In addition, CD Financial's
president was formerly the Federal National Director of
the RRP at the HOD office in Washington, D.C. The
computer and accounting systems have been designed to
provide clear and concise reports for the purpose of
monitoring each project more efficiently.
10/22/87
75-0264
- -
c: B. Exoectations of the (;htractor
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Based on CD Financial's proposal, it appears CD Financial
has significant relevant experience to provide the city
with reports of all transactions in a timely manner. The
proposal is comprehensive and addresses CD Financial's
ability to provide loan document preparation services,
fund disbursement services and the additional items listed
in the scope of services.
C. prooosal criteria
CD Financial is currently providing RRP services to
fifteen (l5) cities and counties. Included are the County
of San Bernardino, City of Los Angeles and city of San
Francisco. Staff has verified four (4) of these
references with positive results. The methodology to be
applied, according to the proposal, in order to perform
the services described was comprehensive. Willingness to
abide by all mandated equal opportunity provisions in the
execution of services under the proposed contractor was
provided.
D. Conclusions and Recommendations
Staff received partial responses from four (4) of the five
(5) respondents. CD Financial's proposal was the only
proposal submitted that was completely responsive to the
RFP. I recommend that CD Financial be selected as the
escrow services company for the city of San Bernardino
Rental Rehabilitation Program (RRP).
I further recommend that the City Attorney be directed to
prepare the appropriate documentation for approval by the Mayor and
Common Council.
V1<M!!A \ll~s'~
Kenneth J. Hende son
Director of Community Development
KJH/lab
10/22/87