Title
Recommendation to Approve a Sixth Amendment to the Agreement with Keyser Marston Associates (KMA), Inc. for Financial Services through June 30, 2017, and Adding $78,000, for a Total Budget Amount of $277,500. (Community Development 70272)
Body
To: Honorable Chair and Members of the Successor Agency
From: John A. Russo, City Manager
Re: Approve a Sixth Amendment to the Agreement with Keyser Marston Associates, Inc. for Financial Services through June 30, 2017, and Adding $78,000, for a Total Budget Amount of $277,500
BACKGROUND
On February 1, 2012, all redevelopment agencies in the State of California were dissolved pursuant to AB X1 26. The Successor Agencies created by the legislation are charged with winding down former agency operations, overseeing the dissolution process in an orderly manner, and meeting regular reporting requirements. Successor Agencies need to take a number of administrative actions, which must be approved by the Oversight Board, in order to comply with the legislation and ensure payment of enforceable obligations. In addition, on June 27, 2012, the Legislature passed, and the Governor signed, AB 1484. The primary purpose of AB 1484 was to make technical and substantive amendments to AB X1 26. AB 1484 took effective immediately.
On March 1, 2012, the Successor Agency to the Community Improvement Commission of the City of Alameda (Successor Agency) entered into a $29,500 agreement with Keyser Marston Associates, Inc. (KMA) to provide financial services to support Successor Agency staff. On August 1 2012, the Successor Agency approved an amendment to the original agreement adding $44,500, expanding the work scope and extending the term to June 30, 2013. A second amendment was entered into on April 17, 2013, adding $15,000. A third amendment extending the agreement to September 30, 2013, was approved on July 1, 2013. A fourth amendment adding $60,000, and extending the agreement to June 30, 2014, was appr...
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