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HomeMy WebLinkAboutMINUTES - 06052012 - C.107RECOMMENDATION(S): APPROVE and AUTHORIZE the Director - Conservation and Development, or designee, to execute, on behalf of the Successor Agency to the Contra Costa County Redevelopment Agency, a contract amendment with Macias, Gini & O'Connell, increasing the payment limit by $190,000 to a new total payment limit of $366,000, and extending the term of the contract from the original termination date of June 30, 2012 to December 31, 2012, to provide continuing special accounting services as recommended by the Contra Costa County Oversight Board. FISCAL IMPACT: None to the General Fund. This expenditure is included in the draft Recognized Obligations Payment Schedule (ROPS) approved on April 17, 2012, by the Board of Supervisors acting as the Governing Board of the Successor Agency, and approved on April 18, 2012, by the Oversight Board. State approval and certification of the ROPS are pending. BACKGROUND: The Successor Agency to the Contra Costa County Redevelopment Agency has an ongoing need of technical accounting services to assist with the dissolution of the Redevelopment APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 06/05/2012 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor Federal D. Glover, District V Supervisor Contact: Maureen Toms - 674-7878 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: June 5, 2012 David Twa, County Administrator and Clerk of the Board of Supervisors By: June McHuen, Deputy cc: C.107 To:Successor to the Contra Costa County Redevelopment Agency From:Catherine Kutsuris, Conservation and Development Director Date:June 5, 2012 Contra Costa County Subject:Contract Amendment with Macias, Gini & O'Connell for Special Accounting Services BACKGROUND: (CONT'D) Agency and implementation of the Recognized Obligations Payment Schedule (ROPS) and new accounting requirements. Approval of this amendment will enable the Agency to continue to ensure the accuracy of the complex accounting procedures necessary for these financial transactions and to comply with state reporting requirements. CONSEQUENCE OF NEGATIVE ACTION: The Successor Agency would not be able to access special accounting services necessary to maintain records and meet accounting requirements dictated by statute. ATTACHMENTS Macias Gini O'Connel Amndt 4-12