Title
a. Ratify and approve the Professional Services Agreement (Agreement) between the Successor Agency to the Redevelopment Agency of the County of Monterey (Agency) and Keyser Marston Associates, Inc., (KMA) executed on March 16, 2018, including executed Amendments No. 1 and 2, to provide financial consulting services related to the Participation Payment Provision of the East Garrison Disposition and Development Agreement (DDA) in an amount not to exceed $52,500 as amended;
b. Approve and authorize the Housing and Community Development (HCD) Director, or designee, to execute Amendment No. 3 to the Agreement to extend the term by three (3) years to December 31, 2026, and increase the Agreement as amended by 10% ($5,250) for a new not to exceed amount of $57,750; and
c. Authorize the HCD Director, or designee, to execute up to two (2) additional amendments, each extending the term by one (1) year, where the additional cost of each Amendment does not exceed 10% ($5,775) of the Agreement as amended amount of $57,750, bringing the total maximum cumulative cost increase to $11,550 for a not to exceed Agreement aggregate amount of $69,300 and that do not significantly alter the scope of services, subject to review by County Counsel.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Ratify and approve the Professional Services Agreement (Agreement) between the Successor Agency to the Redevelopment Agency of the County of Monterey (Agency) and Keyser Marston Associates, Inc. (KMA), executed March 16, 2018, including executed Amendments No. 1 and 2, to provide financial consulting services related to the Participation Payment Provision of the East Garrison Disposition and Development Agreement (DDA) in an amount not to exceed $52,500 as amended;
b. Approve and authorize the Housing and Community Development (HCD) Director, or designee, to execute Amendment No. 3 to the Agreement to extend the term by three (3) years to December 31, 2026, a...
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