Submitted by: Ron Brooks
Submitting Department: Finance
Agenda Section: Consent
Item Title:
title
Awarding of a Contract to Study the City of Hyattsville Property Tax Relief Programs for Low and Fixed-Income Homeowners
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Suggested Action:
recommendation
I move the Mayor and Council authorize the City Administrator to execute a contract for professional services with PFM Group Consulting LLC., 1735 Market Street, Philadelphia, PA for the purposes revisiting Ordinance 2008-07 Hyattsville Homeowners Tax Credit and Homestead Tax Credit Programs to include but not limited to reviewing these property tax relief programs and to provide a final report outlining recommendations for program improvement and/or identifying other alternatives to these programs at a cost not to exceed $52,900, upon legal review and approval of the City Attorney.
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Summary Background:
In late August 2022, the City issued a solicitation for a Study of Hyattsville Property Tax Relief Programs for Low and Fixed-Income Homeowners. The purpose of the solicitation was to revisit Ordinance 2008-07 Hyattsville Homeowners Tax Credit and Homestead Tax Credit Programs to include but not limited to reviewing these property tax relief programs and to provide a final report outlining recommendations for program improvement and/or identifying other alternatives to these programs that will provide continued relief for low-and fixed-income homeowners.
Proposals were received from Sudsina and Associates, PFM Group Consulting and GME, each firm proposed cost estimate was $40,000, $52,900, and $49,850 respectively.
After a thorough review of each proposal PFM Group Consulting was determined to have the best responsive proposal based on their historical knowledge and recent engagement in the review of homeowner tax credit programs within the DMV region.
In 2008, the Hyattsville City Council passed Ordinance 2008-07, which established the "Local Supplement to the State Homeowner's Property Tax Credi...
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