City Council

16. Amendment No. 2 to the License and Software Services Agreement with Power\nSettlements Consulting and Software, LLC, a Wholly Owned Subsidiary of YES Energy\nLLC\nRecommendation:\nA. Pursuant to Vernon Municipal Code Sections 3.32.220 (B) and 3.32.110 (B)(3), find that it\nis commercially unreasonable to rebid the contract for settlement software due to the\nsubstantial financial and operational commitment required from the City, as well as the\nconsiderable learning curve associated with frequent changes in selecting licensing and\nsoftware services from a new vendor;\nB. Approve and authorize the City Administrator to execute Amendment No. 2 to the License\nand Software Service Agreement with Power Settlements Consulting and Software, LLC, a\nwholly owned subsidiary of YES Energy LLC, in substantially the same form as submitted,\nfor license and software services, for a total amount not-to-exceed $303,440, for a three-year\nterm; and\nC. Authorize a contingency amount of ten percent (10%) or $30,344 for unforeseen\nfluctuations in the Consumer Price Index, and grant authority to the City Administrator to take\nsuch actions, as necessary.