HomeMy WebLinkAboutCC AG PKT 2007-09-24 #M
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AGENDA REPORT
DATE: September 4, 2007
TO: Honorable Mayor and Members of the City Council
THRU: David N. Carmany, City Manager
FROM: Greg Beaubien
Interim Director of Administrative ServiceslTreasurer
SUBJECT: Termination of Agreement for Financial Consulting
Services in the Administration of Community Facilities
District 2002-01 "Heron Pointe".
SUMMARY OF REQUEST:
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That City Council approve the tennination of financial consulting services with David
Taussig & Associates for Community Facilities District No. 2002-01 "Heron Pointe".
BACKGROUND:
In October 2005 the City entered into an agreement with David Taussig & Associates for
financial consulting services in lIdm;n;stration of Community Facilities District No.
2002-01. At this time the City wishes to terminate that agreement and have the services
provided by another company. The existing agreement requires a 30 day written notice
of termination. City Council action on this item is needed to start the 30 day notice
requirement. After the 30 days have expired the City can contract with a new vendor for
administration services.
District assessments for the current fiscal year have already been established by the City.
Changing service providers at this time should not create any negative impact on
administration of the district.
FISCAL IMPACT:
There is no fiscal impact to the City.
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RECOMMENDATION:
Staff recommends the termination of financial consulting services with David Taussig &
Associates for Community Facilities District No. 2002-01 "Heron Pointe".
Agenda Item /'?
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Greg Be bien -
Interim Director of Administrative Services/freasurer
NOTED AND APPROVED:
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David N. Carmany
City Manager
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Agenda Item