HomeMy WebLinkAboutMINUTES - 05202003 - C89 TO: REDEVELOPMENT AGENCY Contra
FROM: John Sweeten, Executive DirectorCosta
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DATE: May 20, 2003
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SUBJECT: Contract Amendment with Macias Gini & Company or
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
APPROVE and AUTHORIZE the Redevelopment Director to execute a contract amendment
with Macias Gini & Company to increase the payment limit by $10,000 to a new payment limit
not to exceed $79,000 to provide technical assistance in the accounting and financial
management functions of the Redevelopment Agency, with no change in term through June
30, 2003.
FISCAL IMPACT:
No General Funds are involved. Contract will be paid from Pleasant Hill BART, Bay Point,
Rodeo and North Richmond Redevelopment Project Area funds.
BACKGROUND:
The Redevelopment Agency is mandated by law to submit various annual reports to the State
Controller's Office. In order to submit these annual reports, the Agency has need of technical
accounting assistance and guidance to maintain current and accurate records for financial
transactions in the various financial arenas in which the Agency maintains an active
participation.. Some of these spheres of financial activities include the various Redevelopment
Project Areas, tax allocation bonds, capital markets financing, and multifamily bond issues.
Execution of this contract amendment will enable the Agency to ensure the accuracy of the
complex accounting procedures necessary for these and other financial transactions.
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CONTINUED ON ATTACHMENT: ,,__YES SIGNATURE:
ECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATI AGENCY C MI EE
APPROVE OTHER
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SIGNATURES}"»,_
ACTION OF AGE ON 1�t3Y 20, 2033 APPROVE AS RECOMMENDED— X OTHER
VOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A TRUE
' AND CORRECT COPY OF AN ACTION TAKEN
UNANIMOUS(ABSENT } AND ENTERED ON THE MINUTES OF THE
ON THE DATE REDEVELOPMENT AGENCY012002lmacias
AYES: NOES: SHOWN.
ABSENT: ABSTAIN:
**District III Seat VAC" x*
ATTESTED may 20. 2003
CONTACT: Jim Kennedy 335-1255 JOHN SWEETEN
CC: Community Development AGENCY SECRETARY
Redevelopment Agency
County Counsel
CAO r
Auditor Controller
via>s Redevelopment Agency BY DEPUTY
Macias Gini&Company
Ihbt012002tmaciasamd.bos