REQUEST FOR proposal

Loan Relief Mediation - Flood Recovery #0809-041

Scope of Work:
The City of Cedar Rapids is providing a voluntary property acquisition program through federally funded programs to acquire properties within areas severely impacted by the 2008 flooding disaster.  The City may acquire potentially up to 1,300 parcels.  The City of Cedar Rapids is requesting to contract professional services to mediate with lenders and lien holders in a “short sale” situation. 

Upon receipt of federal funding for property acquisition, the City will require clear title to be produced in an efficient and timely manner in order to complete property transfers.  In anticipation that the cost of clearing liens on some parcels will exceed the City’s allowable purchase price for the parcel, the City anticipates a need to facilitate negotiations between the property owner and lien holders in order to clear title.  The facilitation of such negotiations may be referred to as “loan relief mediation assistance”, and the party with which the City contracts may be referred to as the “the Consultant”.

For the purpose of this proposal, the City estimates 300 parcel transactions may require loan relief mediation assistance.

Issued:
September 4, 2009

Pre-Proposal Meeting:
N/A

Proposal Opening:
Mon. Sept. 21, 2009 @ 11:00 AM CDT

City Hall

3851 River Ridge Drive NE

Cedar Rapids, Iowa 52402

Bid Bond Required:
N/A