City Council

(8) 22-1236-S1 COMMUNICATIONS FROM THE CITY ADMINISTRATIVE OFFICER (CAO) relative to the Second Amendment to a contract with NBS Government Finance Group Incorporated, to continue services related to the proposed increase of property tax assessments for street lighting. Recommendation for Council action: AUTHORIZE the President, Board of Public Works (BPW), or two members, to execute the Second Amendment to Contract No. C- 138383 with NBS Government Finance Group Incorporated, to increase the total compensation of the contract by $312,018, from $1,539,000 to $1,851,018, and continue services related to the proposed increase of property tax assessments for street lighting through December 15, 2027, subject to the approval of the City Attorney as to form. Fiscal Impact Statement: The City Administrative Officer (CAO) reports that there is no direct General Fund impact. Funding for the proposed amendment will be provided by the Street Lighting Maintenance Assessment Fund. Funding for subsequent years of the agreement is subject to Mayor and Council approval, the availability of funds, and will be appropriated through the City annual budget development process. The City’s financial obligation is limited to the extent of appropriations approved by the Council and Mayor. Financial Policies Statement: The CAO reports that the above recommendation complies with the City’s Financial Policies as the liability of the City is limited to the extent appropriations are approved by the Mayor and Council.