City Council

(8)\n22-1236-S1\nCOMMUNICATIONS FROM THE CITY ADMINISTRATIVE OFFICER\n(CAO) relative to the Second Amendment to a contract with NBS\nGovernment Finance Group Incorporated, to continue services related\nto the proposed increase of property tax assessments for street\nlighting.\nRecommendation for Council action:\nAUTHORIZE the President, Board of Public Works (BPW), or two\nmembers, to execute the Second Amendment to Contract No. C-\n138383 with NBS Government Finance Group Incorporated, to\nincrease the total compensation of the contract by $312,018, from\n$1,539,000 to $1,851,018, and continue services related to the\nproposed increase of property tax assessments for street lighting\nthrough December 15, 2027, subject to the approval of the City\nAttorney as to form.\nFiscal Impact Statement: The City Administrative Officer (CAO)\nreports that there is no direct General Fund impact. Funding for the\nproposed amendment will be provided by the Street Lighting\nMaintenance Assessment Fund. Funding for subsequent years of the\nagreement is subject to Mayor and Council approval, the availability of\nfunds, and will be appropriated through the City annual budget\ndevelopment process. The City’s financial obligation is limited to the\nextent of appropriations approved by the Council and Mayor.\nFinancial Policies Statement: The CAO reports that the above\nrecommendation complies with the City’s Financial Policies as the\nliability of the City is limited to the extent appropriations are approved\nby the Mayor and Council.