Report Prepared by: Leah Brown, Management Analyst, Development Services
Title
SUBJECT: Approval of a First Amendment to the Agreement for Professional Services with RSG Inc. for Affordable Housing Consulting Services
REPORT IN BRIEF
Considers approving the First Amendment to the Agreement for Professional Services with RSG Inc. for Affordable Housing Consulting Services
RECOMMENDATION
City Council - Adopt a motion:
A. Approving the First Amendment to the Agreement with RSG Inc. for Affordable Housing Consulting Services by extending the end date; and,
B. Authorizing the City Manager or Deputy City Manager to execute the agreements.
Body
ALTERNATIVES
1. Approve the agreement, as recommended by staff; or
2. Deny; or
3. Refer to staff for reconsideration of specific items.
AUTHORITY
Charter of the City of Merced, Section 200, et seq.
CITY COUNCIL PRIORITIES
As provided for in the 2022-2023 Adopted Budget and the City Council’s Prohousing Policies.
DISCUSSION
In August 2021, City Council approved an Agreement for Professional Services, with RSG Inc. for $192,060. The term of that agreement was for the Fiscal Years 2021-22 and 2022-23, ending on June 30, 2023.
RSG Inc. provides services to the City and the City’s Housing Successor Agency (HSA) through the evaluation of existing resources, development strategies, disposition of Housing Successor assets, and technical knowledge regarding the State of California’s complex Housing Successor Agency Regulations. Additionally, they assist City staff with coordinating and preparation of the Annual Housing Successor Report to ensure the City remains in compliance with State of California regulations for Housing Successor Agencies.
The two-year period of the current agreement allows for flexibility especially given the complex nature and timeliness of the potential projects and transactions over the contract period. The overall goal is to continue to provide ongoing support and technical assistance to the City and Housing Successor to provide support on projects and issues. It also includes additional specific services and tasks, such as: project proforma review, Subsidy Layering Analysis for HUD, compliance monitoring, preparation of regulatory agreements and affordability covenants.
There are remaining funds in the agreement to support the scope of work for the next Fiscal Year. The proposed amendment only affects the term of the agreement; there is no increase in funds needed. The extension to June 30, 2024, allows the original scope of services to be fulfilled.
IMPACT ON CITY RESOURCES
No additional appropriation of funds is needed.
ATTACHMENTS
1. Original Agreement for Professional Services with RSG Inc.
2. 1st Amendment to the Agreement for Professional Services with RSG Inc.