Report Prepared by: Melanie Karle, Accountant I, Finance
Title
SUBJECT: Approval of the First Amendment to Community Facilities Districts (CFD) Administration Contract with Goodwin Consulting Group, Inc. to Add an Additional Term from November 2, 2019 to November 3, 2022 at the Rates Set Forth on Exhibit 2 to the Amendment
REPORT IN BRIEF
Considers renewing the Community Facilities Districts (CFD) Administration Services Contract with Goodwin Consulting Group, Inc. for additional three year term.
RECOMMENDATION
City Council - Adopt a motion approving the first amendment to Community Facilities Districts (CFD) Administration Services Contract with Goodwin Consulting Group, Inc., and authorizing the City Manager or the Assistant City Manager to sign the necessary documents.
Body
ALTERNATIVES
1. Approve as recommended; or
2. Deny; or,
3. Refer to staff
AUTHORITY
Charter of the City of Merced, Section 3.04.110.
CITY COUNCIL PRIORITIES
As provided for in the 2019-20 Adopted Budget.
DISCUSSION
In 2003, the City of Merced approved a policy requiring all new development
within the boundaries of the City to form or annex into a Community Facilities District pursuant to the Mello-Roos Act of 1982 for services to be provided including all or a portion of the following: police and fire protection services, maintenance of parks, landscaping, street lighting, storm drain maintenance and other services authorized by the Act.
In addition, there were three Community Facilities Districts formed for the purpose of infrastructure financing. These districts require additional disclosure and reporting services as set forth in the financing agreement.
Goodwin Consulting Group, Inc. has been providing the Community Facilities Districts Administration Services since November 2, 2009. In 2014 the City of Merced completed a Request for Proposal and Goodwin Consulting Group, Inc. had the best overall score and a contract was awarded. The current contract is for five year term with an option to renew for additional three year term upon mutual agreement of both parties. The current contract expires on November 2, 2019.
The City of Merced and Goodwin Consulting Group, Inc. mutually agreed to renew this contract for additional three year term. The City of Merced and Goodwin Consulting Group, Inc. have worked together on several projects including all four CFD formations. Goodwin Consulting Group, Inc. also provided special tax consulting for both the Services and Infrastructure Financing Districts. We have an established rapport and they have always provided great service and excellent work.
It is recommended that Goodwin Consulting Group, Inc. continues to provide CFD administration services to the City of Merced for additional three year term using the renew option within the current contract.
IMPACT ON CITY RESOURCES
No budget appropriation is required; the CFD administration cost is included in the fiscal year 2019-20 budget and is fully paid by the CFD special tax assessment.
ATTACHMENTS
1. First Amendment
2. Original contract