2002 AGN MAY 21 I09 - Laserfiche WebLink

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CITY OF COLTON Item #9 AGENDA REPORT FOR CITY COUNCIL MEETING OF MAY 21, 2002 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: DILU DE ALWIS, FINANCE DIRECTOR SUBJECT: APPROVAL OF COMMUNITY FACILITIES DISTRICT (CFD) ADMINISTRATION CONTRACT WITH SCOTT & ASSOCIATES DATE: July 25, 2001 BACKGROUND Pursuant to the Mello -Roos Community Facilities Act of 1982, at various times in the past the City Council approved the issuance of bonds for the purpose of infrastructure improvements. These bonds are identified as Community Facilities Districts (CFD's) 87-1, 88-1, 89-1, 89-2 and 90-1. Property owners within the CFD's are obligated to pay the debt service and administrative costs. These costs are paid via annual taxes placed on the tax roll. DISCUSSION/ ANALYSIS Scott & Associates was initially selected by the City of Colton after going through a competitive process and emerging as the successful consulting firm to provide professional consulting services for the above CFD's. Based on that fact, in concert with our satisfaction with the services and cost of services they have provided, on staff's recommendation, the CFD Commission recommends extending the engagement of Scott & Associates for an additional three years. FINANCIAL IMPACT The annual fees for the consulting services outlined in the attached agreement are distributed to each CFD commensurate with the amount of work required to administer each CFD. The annual fee for Fiscal Year 2002-2003 is anticipated to be $20,165 plus expenses not to exceed $1,750. The annual fee for Fiscal Year 2003-2004 is anticipated to be $20,165 plus expenses not to exceed $1,750. The annual fee for Fiscal Year 2004-2005 is anticipated to be $20,770 plus expenses not to exceed $1,750. There is no General Fund impact. ENVIRONMENTAL IMPACT None. On May 6, 2002 the CFD Commission voted 5-0 to recommend to the City Council the approval of the CFD Consultant Services Agreement between the City of Colton and Scott & Associates for a three-year term. Staff concurs with the CFD Commission and recommends approval of the City's standard professional services agreement, with any minor revisions approved by the City Manager, City Attorney and Risk Manager as necessary and authorize the City Manager to sign all related documents. n REVIEW TEAM ONLY n City Attorney: C%Y' — Finance Director- City Manager: OTHER: