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Staff Report to the Chairperson and Board Members <br />Subject: Financial Advisory Services with UFI <br />Date: December 22, 2009 <br />Page 2 <br />Plan. Part of putting together an Implementation Plan includes evaluating the project areas' <br />financial capacity and tax increment limits to determine to what extent it will be able to complete <br />projects that are to be identified as part of the Plan. Given the depth of financial review that will <br />be required to complete the Implementation Plan, staff believes it to be a prudent use of the <br />Agency's financial resources to transition its financial advisory needs to UFI. CSG will still be <br />retained for housing consultant services. <br />FISCAL IMPACTS <br />CSG's PSA will be decreased by $25,000 (this item will be brought to the Agency Board at its 1- <br />19-10 meeting) while this First Amendment to the PSA with UFI will be increased by $25,000. <br />There will not be any additional financial impact to the Agency as a result of this action. <br />ALTERNATIVES <br />1. Provide alternative direction to staff. <br />ATTACHMENTS <br />First Amendment to the Professional Services Agreement. <br />