City of Southport Request for Proposals: Valuation of Wastewater Collection and Water Distribution Systems

The City of Southport, North Carolina, is seeking proposals from qualified, professional vendors to perform valuation services of assets of the City of Southport’s Wastewater Collection System and Water Distribution System. The City is looking for separate valuations for each system. The City intends to award all items of services described in the specifications to a single vendor.

The Company is expected to provide all supervision, materials, equipment, labor, and all other items necessary to complete said work in accordance with the proposal documents.

The Company will be required to appraise and establish fair market values of all the City of Southport’s Wastewater Collection System and Water Distribution System assets.

The Company must furnish sufficient equipment, labor, financial capability, and experience to perform the services set forth in this RFP.

The Company shall provide the City with a written report which includes but is not necessarily limited to (1) the current fair market value of all assets of the City’s Water and Sewer Utilities, (2) the methodology used in making its determination and (3) identification of all documents and material used in making such determination. This report and all work performed by the Company shall be in accordance with the Uniform Standards of Professional Appraisal Practices as amended. A separate report shall be provided for each utility.

Employees of the Company shall be certified pursuant to the laws of the State of North Carolina and be competent and skilled in the performance of the work to be provided.

The Services to be Performed shall include but not necessarily be limited to the following:

(a) Initial Meeting with City

(b) Research and Document Retrieval and Review by Company

(c) Site Inspections

(d) Cost Approach Analysis regarding the Wastewater Collection System

(e) Cost Approach Analysis regarding the Water Distribution System

(f) Income Approach Analysis regarding the Wastewater Collection System

(g) Income Approach Analysis regarding the Water Distribution System

(h) Market Approach regarding Wastewater Collection System

(i) Market Approach regarding Water Distribution System

(j) Preparation of Appraisal Report

(k) Presentation of the report to the City

Firms interested in being considered for this work should submit their proposals to:

Dorothy Dutton

Assistant City Manager

1029 N. Howe Street

Southport, NC 28461

RE: RFP Utility Appraisal

For consideration, (3) paper copies and one electronic copy (pdf) of the complete proposal to this request must be received by

3:00 p.m., Friday December 29, 2023.

For full details of the process and the project, please visit the City of Southport website at:

https://cityofsouthport.com/top-menu-items/bids/

Copies of the complete bid request are available at the City Hall located at 1029 N. Howe Street, Southport, NC. If you have any questions, please contact the Assistant City Manager at (910) 457-7900 ext. 1010.

The City of Southport reserves the right to reject any or all project proposals.