Award RP029-14, personal property assessment and administration program on a multi-year contract, to the sole proposer, Tax Management Associates, Inc. The initial term of this contract shall be January 01, 2015 through December 31, 2015, base amount $729,000.00 (negotiated cost savings of approximately $6,000.00). This contract shall terminate absolutely and without further obligation on the part of the County on December 31, 2015 and at the close of each succeeding calendar year for which it may be renewed. This contract may be automatically renewed on an annual basis for a total lifetime contract term of five (5) years, total base amount $3,977,750.00, upon the same terms and conditions as provided for in this agreement, unless previously terminated. Authorization for Chairman to execute contract subject to approval by the Law Department. Contracts to follow award. (Staff Recommendation: Award)