Meeting Type: BCC Regular Meeting
Meeting Date: 11/6/2025
Item Status: New
From: Teddy J. Faust, Jr., Revenue Commissioner
Submitted by: Susan Hill, Administrative Support Specialist IV
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ITEM TITLE
Title
Revenue Commission - Renewal Amendment to IncomeWorks Software License Agreement
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STAFF RECOMMENDATION
Recommendation
Approve and authorize the Chairman to execute the Renewal Amendment to IncomeWorks Software License Agreement between the Baldwin County Commission and Assessment Advisors, LLC, in the amount of $29,000.00, to provide the Baldwin County Revenue Commission with an income based local-market-specific commercial real estate evaluation model designed specifically to bring consistency and equity to the assessment of commercial, industrial, lodging, multi-family, office, and retail properties.
This Renewal Amendment Agreement shall be for a term of one (1) year, to commence January 1, 2026, and terminate December 31, 2026.
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BACKGROUND INFORMATION
Background: IncomeWorks is a product and a process that collects and analyzes local lease practices and data, which can be customized for Baldwin County, Alabama. This allows the income approach to be utilized in valuing income producing properties. The initial Agreement between Assessment Advisors, LLC and the Baldwin County Commission was approved on April 16, 2013, and has continued to renew on an annual basis.
The 2026 calendar year term set forth in the agreement is for IncomeWorks 2025 Data Year renewal.
Previous Commission action/date:
November 5, 2024 - Last approval of the renewal amendment.
April 16, 2013 - Adopted the IncomeWorks Software License Agreement.
FINANCIAL IMPACT
Total cost of recommendation: $29,000.00
Budget line item(s) to be used: 12051810.52350 (Computer Maintenance)
If this is not a budgeted expenditure, does the recommendation create a need for funding? N/A
LEGAL IMPACT
Is legal review necessary for this staff recommendation and related documents?
N/A
Reviewed/approved by: N/A
Additional comments: N/A
ADVERTISING REQUIREMENTS
Is advertising required for this recommendation? No
If the proof of publication affidavit is not attached, list the reason: N/A
FOLLOW UP IMPLEMENTATION
For time-sensitive follow up, select deadline date for follow up: N/A
Individual(s) responsible for follow up: Accounting: 2025 Data Year Fee of $29,000.00 to be paid (Invoice # 2573) following approval.
Action required (list contact persons/addresses if documents are to be mailed or emailed): Administration Staff: Send copy of fully executed Amendment to:
Assessment Advisors, LLC
ATTN: Linda Pedalino, MAI, Co-Founder and President
736 North Western Avenue #393
Lake Forest, Illinois 60045
cc: Teddy J. Faust, Jr., Revenue Commissioner
Walt Lindsey, Chief Appraiser
Additional instructions/notes: Admin - Append renewal amendment to agreement and reupload to Contracts (#7565).