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CITY OF COLTON <br />AGENDA REPORT <br />For Council Meeting of September 6, 1994 <br />TO: Honorable Mayor and City Council <br />FROM: Paula Chamberlain, Finance Director <br />SUBJECT: Contract with Muni Financial DATE: August 31, 1994 <br />Services, Inc. For Community Facilities <br />District Administration <br />---------------------------------------------------------------- <br />---------------------------------------------------------------- <br />BACKGROUND: <br />On May 4, 1993, the Mayor and Council approved a thirty year contract <br />agreement with Muni Financial Services, Inc. for consulting services <br />involving Assessment District 79-1, (5) Community Facilities Districts and <br />Landscape Maintenance District #1. <br />DISCUSSION: <br />Staff has continued to utilize Muni Financial Services to calculate the <br />levies for the districts mentioned above for the 1994/95 property tax <br />rolls. The City is now in the second year of the contract and staff is <br />recommending that the City continue the agreement for fiscal year 1994/95. <br />FINANCIAL IMPACT: <br />Total cost for fiscal year 1994/95 will be $31,305.00. This cost will be <br />charged to the districts and has been included in their 1994/95 levies. <br />RECOMMENDATION: <br />Staff recommends that the City Council approve continuation of the contract <br />with Muni Financial Services, Inc. for the one year fixed fee of <br />$31,305.00. <br />RDC/PC/bjw <br />City Manager Concurrence <br />Page 1 of Item No. iM3 <br />