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File #: 2020-405    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 6/8/2020 In control: City Council
On agenda: 6/16/2020 Final action:
Title: CONSIDER APPROVAL OF AMENDMENT NO. 2 TO THE AGREEMENT WITH HR&A ADVISORS, INC. FOR FISCAL AND ECONOMIC ANALYSIS CONSULTING SERVICES (CITY COUNCIL)
Sponsors: Community Services
Attachments: 1. Ex. No. 1 - HR&A Executed Contract, 2. Ex. No. 2 - HR&A Executed Amendment No. 1, 3. Ex. No. 3 - Proposed HRA Advisors - Amendment No.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report to Mayor and City Council
Tuesday, June 16, 2020
Consent


SUBJECT:
Title
CONSIDER APPROVAL OF AMENDMENT NO. 2 TO THE AGREEMENT WITH HR&A ADVISORS, INC. FOR FISCAL AND ECONOMIC ANALYSIS CONSULTING SERVICES (CITY COUNCIL)

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I. SUMMARY

On June 19, 2018, the City and HR&A Advisors, Inc. (HR&A) entered into an agreement for fiscal and economic analysis consulting services (Exhibit No. 1). HR&A's scope of services consists of three components: (1) Peer review of economic and fiscal impact analysis provided by project developers relating to their proposed projects, (2) Independent economic and fiscal analysis of proposed projects, (3) Participating in the Community Development/Planning project team at meetings/hearings and make presentations as necessary. The term of the agreement was from June 18, 2018 to June 17, 2019, with the City's option to renew the agreement for two additional one-year terms. The contract sum was a not-to-exceed amount of $100,000 per year.
City exercised the option to renew the agreement for the first of the two optional years with Amendment No. 1 (Exhibit No. 2). Staff is requesting approval of the proposed Amendment No. 2 (Exhibit No. 3) to extend the term of the contract for the second of the two optional years. This amendment is necessary to allow for continued fiscal and economic analysis consulting services for development proposals throughout the City over the next year. The entire cost incurred for consultant services is offset by funds deposited by developers.

II. RECOMMENDATION
Recommendation

TAKE the following actions:

1. APPROVE Amendment No. 2 to the agreement with HR&A Advisors, Inc. for a one-year extension for fiscal and economic analysis consulting services, from June 19, 2020 through June 18, 2021, at a cost not-to-exceed $100,000.

2. AUTHORIZE the Mayor to execute the amendment, following approval as to form by the City Attorney.

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III. ALTERNATIVES

TAKE any other action the City Council ...

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