Report to Mayor and City Council
Tuesday, February 06, 2018
Consent
SUBJECT:
Title
AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES WITH KOSMONT & ASSOCIATES FOR ENHANCED INFRASTRUCTURE FINANCING DISTRICT CONSULTING SERVICES (CITY COUNCIL)
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I. SUMMARY
In 2017, the City entered into an agreement with Kosmont & Associates to evaluate the feasibility of establishing an Enhanced Infrastructure Financing District (EIFD) to fund essential infrastructure improvements in the City. EIFDs do not increase property taxes for property owners but instead use the increase in property taxes when properties are developed (tax increment) to finance improvements. Kosmont's evaluation concluded that Enhanced Infrastructure Financing Districts have the capacity to assist the City and would be most effective with partnerships with other taxing entities. The scope of work for this contract amendment, in the amount of $55,000, is to implement the next logical steps in the process for the City to work towards the establishment of City's EIFD. Additional steps will be necessary to complete the formation of the EIFD by staff and/or other consultants.
II. RECOMMENDATION
Recommendation
TAKE the following actions:
1. WAIVE the bidding requirements in Chapter 6 ("Purchasing System") of Title II of the Carson Municipal Code, pursuant to Carson Municipal Code Section 2611(e) ("Sole Source Purchasing"); and
2. APPROVE Amendment No. 1 to the Agreement for Contractual Services by and Between the City of Carson with Kosmont & Associates in a total amount of $79,990.00 ("Agreement"), in a form substantially similar to the attached Agreement, subsequent to potential further negotiation and finalization by the City Attorney; and
3. AUTHORIZE Mayor to execute the Agreement, upon approval as to form, by the City Attorney.
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III. ALTERNATIVES
None.
IV. BACKGROUND
Kosmont & Associates was originally retained by the City in 2016 to help evaluate the Vision Plan area surroun...
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