Airport Appraisal Services

The City of Lake City, Florida, is seeking proposals for Airport Appraisal Services through RFP #005-2023, targeting a comprehensive fair market rental value assessment of an aeronautical property located at the Lake City Gateway Airport. The property, currently leased by Haeco Airframes Services, LLC, requires a detailed appraisal that compares the airport to similar aviation properties throughout Florida, considering factors such as metropolitan area size, location, airport classification, number of operations, and based aircraft. The selected firm must be licensed in Florida and have an appraiser certified as a Member of the Appraisal Institute (MAI) with a minimum of five years of professional experience valuing airport properties. Proposals are due by 2:00 pm on March 9, 2023, and must be submitted electronically through the city's e-Procurement Portal. An evaluation committee will review submissions using a 100-point scoring system, focusing on understanding the project, firm experience with airport properties, client references, office location, and cost projections, with the final contract recommendation to be presented to the City Council on April 3, 2023.

The RFP does not specify any set-aside designations or restrictions for disadvantaged enterprises. The selected firm will be required to provide comprehensive insurance coverage, including professional liability ($1,000,000), workers' compensation, commercial general liability ($1,000,000), and comprehensive automobile liability insurance. While the specific budget range is not explicitly stated, the procurement aims to ensure compliance with Federal Aviation Administration (FAA) and state grant assurances by obtaining an accurate fair market rental value assessment. The ultimate goal is to help maintain the airport as a self-sustaining enterprise. The current tenant, Haeco Airframes Services, LLC, will continue to occupy the property, and the appraisal will serve to establish appropriate rental rates for the aeronautical property located at 3524 E. US Hwy 90, Lake City, FL 32055.