City Council

12.16 Consideration and Approval of a First Amendment to Extend the Professional Services\nAgreement with Placer.ai to Provide Market Intelligence Analytics for the City of El\nMonte Economic Development Department for an Aggregate Not-to-Exceed Amount\nof $37,800 for the Extended 1-Year Term.\nRECOMMENDATION OF BUSINESS ITEM UNDER CONSIDERATION:\nIt is recommended that the City Council:\nEl Monte City Council ♦ El Monte Housing Authority ♦ El Monte Financing Authority\n♦ El Monte Parking Authority ♦ El Monte Water Authority\nPage 11 of 22\nCity Council Meeting of September 17, 2024\n1. Approve a First Amendment to extend the Professional Services Agreement with\nPlacer.ai to provide market intelligence analytics for the City of El Monte Economic\nDevelopment Department for an aggregate not-to-exceed amount of $37,800 for the\nextended 1-year term; and\n2. Authorize the City Manager, or the Interim Community and Economic Development\nDirector, to make all conforming modifications and edits and execute all implementing\ndocuments.\nTotal Cost: $37,800 Account No: 100-61-613-6111\nIs the cost of this item budgeted? Yes