Title
a. Ratify and Approve Renewal and Amendment No. 1 to the Standard Agreement between Fieldman Rolapp & Associates, Inc./Fieldman Rolapp Financial Services, LLC and the East Garrison Public Financing Authority to allow for payment of services rendered in relation to the analysis of financial viability of the East Garrison Community Facilities District from January 15, 2014 to January 31, 2014; and
b. Authorize the Contracts/Purchasing Officer to execute Renewal and Amendment No. 1 to the Standard Agreement.
Report
RECOMMENDATION:
It is recommended that the East Garrison Public Finance Authority:
a. Ratify and Approve Renewal and Amendment No. 1 to the Standard Agreement between Fieldman Rolapp & Associates, Inc./Fieldman Rolapp Financial Services, LLC and the East Garrison Public Financing Authority to allow for payment of services rendered in relation to the analysis of financial viability of the East Garrison Community Facilities District from January 15, 2014 to January 31, 2014; and
b. Authorize the Contracts/Purchasing Officer to execute Renewal and Amendment No. 1 to the Standard Agreement.
SUMMARY/DISCUSSION:
Fieldman Rolapp & Associates, Inc./Fieldman Rolapp Financial Services, LLC and the East Garrison Public Financing Authority entered into a Standard Agreement (SA) dated December 1, 2012 to provide analysis of financial viability of the East Garrison Community Facilities District in an amount not to exceed $25,000 for a term through January 15, 2014.
Since expiration of the SA on January 15, 2014, Fieldman Rolapp & Associates, Inc./Fieldman Rolapp Financial Services, LLC continued to provide services for another two weeks, through and including January 31, 2014. This Renewal and Amendment No. 1 to the SA, does not increase the dollar amount of the SA, but will allow for payment of services rendered outside of the original SA term from January 16, 2014 to January 31, 2014.
OTHER AGENCY INVOLVEMENT:
The Office of the County Counsel and Auditor-Controller have reviewed and approved the Renewal and Amendment No. 1 as to form and legality, and fiscal provisions, respectively.
FINANCING:
The costs associated with the Renewal and Amendment No. 1 will be funded by the East Garrison Community Facilities District, 180-1070-8406-DEO 021. Sufficient appropriations are available in the Fiscal Year (FY) 2013-2014 budget to fund the Renewal and Amendment No. 1.
Prepared by: Carlos Urrutia, Management Specialist, (831) 784-5928
Approved by: Benny Young, Director Resource Management Agency
The following attachments are on file with the Clerk of the Board:
· Renewal and Amendment No. 1 to SA
· Agreement