AGREEMENT NO. 2015-47A
FIRST AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT
This First Amendment to Agreement No. 2015-47 (Amendment) is entered into between the City of Camarillo, a California general law city and Municipal corporation (hereinafter referred to as “CITY”), and HdL Coren & Cone, a California corporation, (hereinafter referred to as “CONTRACTOR”) collectively referred to as the Parties. The effective date of this Amendment is July 01, 2026.
RECITALS
A. On June 24, 2015, the City Council approved Professional Services Agreement No. 2015-47 with HdL Coren & Cone for Property Tax Management, Consulting/Audit and Information Services (“AGREEMENT”) in the amount of $15,840 for a period as outlined by Section 7.4 of agreement 2015-47, June 24, 2015 (Agreement).
B. WHEREAS, the Parties desire to amend the AGREEMENT to update Compensation and Payment rates and additional terms and language pursuant to Section 11.3.
C. All capitalized terms not defined in this Amendment have the meaning set forth in the Agreement.
Section 1. Amendment. The AGREEMENT is herein amended to add the following:
a. Section 2.0 BASE SERVICES is amended to read as the attached “Exhibit B”
b. Section 6.2 OPTIONAL SERVICES hourly rate will be replaced herein with:
Partner $250 per hour
Principal $225 per hour
Programmer $200 per hour
Associate $175 per hour
Senior Analyst $125 per hour
Analyst $90 per hour
Administrative $70 per hour
Hourly rates are exclusive of expenses and are subject to adjustment by CONTRACTOR annually. On July 1st of each year CONTRACTOR shall provide CITY with an updated schedule of hourly rates. The rates will not be increased by more than five percent (5%) per year.
c. Section 8.1 Representative of Contractor will be updated herein as follows:
Nichole Cone-Morishita
HdL COREN & CONE
120 S. State College Blvd., Suite 200
Brea, CA 92821
d. Exhibit A of the AGREEMENT is hereby amended and replaced with the attached new “Exhibit A”.
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e. Pursuant to Section 6.1 of the AGREEMENT, the current annual fee shall remain unchanged until the 2026 CCPI-U adjustment is applied. The final sentence of Section 6.1 is hereby amended to state: “Beginning in June 2026, and each June thereafter, the annual fee shall be adjusted by the lesser of the percentage change in the CCPI-U or five percent (5%).”
Section 2. Compensation and Payment. The not-to-exceed amount for Fiscal Year 2027 shall be $22,519.05, resulting in a revised total Agreement amount of $199,720.49.
Thereafter, the annual not-to-exceed amount shall be adjusted by the lesser of the February-to- February percentage change in the CCPI-U or five percent (5%), as provided herein.
Section 3. Continuation of Terms of Agreement. Except as expressly modified by the terms and provisions of this document, the remaining terms and provisions of the Agreement remain in full force and effect.
THE AUTHORIZED REPRESENTATIVES of the Parties have caused this Amendment, Agreement No. 2015-47A, to be executed as of the Effective Date.
CITY OF CAMARILLO
Greg Ramirez, City Manager
ATTEST:
Silvia Jaquez, Assistant City Clerk
CONTRACTOR:
HdL COREN & CONE
A California Corporation
Nichole Cone-Morishita, CFO
APPROVED AS TO FORM:
Attachments: Exhibit A
Exhibit B
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EXHIBIT “A”
SCHEDULE OF PERFORMANCE
TIMELINE FOR DELIVERABLES
July/August Data available for purchase from counties September 30 Data available on HdLCC’s web-based property tax application September/October Unsecured audits performed and forwarded to county assessor October Appeals quarterly updates emailed in counties where the data is available October-February Delivery of preliminary property tax reports January Appeals quarterly updates emailed in counties where the data is available January/February General Fund Budget Projections
April Appeals quarterly updates emailed in counties where the data is available April/May Final Books – Addendums emailed to clients
July Appeals quarterly updates emailed in counties where the data is available Ongoing Secured and Unsecured Audits – City
Property sales reports
City and Successor Agency mid-year budget reviews and budget projections
Analytical work at the request of clients
Monthly updates of database with property sale information
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EXHIBIT “B”
2.0 BASE SERVICES
CONTRACTOR shall perform all the following duties as part of the Base Services provided hereunder, unless otherwise specified in writing by the Contract Officer:
2.1 Analysis And Identification Of Misallocation Errors (Contingent Fee)
(a) In the first year of this Agreement, and as necessary thereafter but not less than once every two (2) years, CONTRACTOR shall conduct an analysis to identify and verify CITY parcels on the secured Property Tax Roll which are not properly attributed to CITY and will provide the correct TRA designation to the proper County agency. Typical errors include parcels assigned to incorrect TRAs within CITY or an adjacent city, and TRAs allocated to wrong taxing agencies. (b) CONTRACTOR shall annually reconcile the annual A uditor- Controller assessed valuations report to the assessor's lien date rolls and identify discrepancies.
(c) CONTRACTOR shall annually review parcels on the unsecured Property Tax Roll to identify inconsistencies such as value variations, values being reported to a mailing address rather than the situs address, and errors involving TRAs (to the extent records are available).
(d) CONTRACTOR may audit general fund or tax increment property tax revenue or other revenues attributable to CITY departments, Successor Agency, and districts (including but not limited to base year value audits; administration of tax sharing agreements; tax increment allocation reviews; county allocation and payments reviews).
2.2 Annual Services (Fixed Fee)
Annually, after the Property Tax Roll is available:
(a) CONTRACTOR shall establish a Data Base for CITY available through CONTRACTOR’S online property tax application
(b) Utilizing the Data Base, CONTRACTOR will provide:
(1) A listing of the major property owners in CITY, including the assessed value of their property.
(2) A listing of the major property taxpayers by net assessed value.
(3) A listing of property tax transfers which occurred since the prior lien date.
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(4) A listing of parcels that have not changed ownership since the enactment of Proposition XIIIA
(5) A comparison of property within CITY by county- use code designation
(6) A listing by parcel of new construction activity to identify non-residential parcels with new construction activity and to provide reports for use in CITY's preparation of Gann (Propositions 4 and 111) State Appropriation Limit calculations
(7) Tracking of Proposition 8 parcel reductions and
restorations
(8) Calculate an estimate of property tax revenue anticipated to be received for the fiscal year by CITY. This estimate is based upon the initial information provided by the County and is subject to modification. This estimate shall not be used to secure the indebtedness of CITY.
(9) Development of historical trending reports involving taxable assessed values for CITY, median and average sales prices and related economics trends.
(10) Upon written request, analyses based on geographic areas designated by CITY to include assessed valuations and square footage computations for use in community development planning. (11) One and five-year budget projections for CITY’S general fund and related special districts. This report is interactive for tax modeling. (12) Prepare a Newsletter summary for public and elected distribution.
2.3 Successor Agency Services
Successor Agency Services including but not limited to:
(a) Annual tax increment projections and, as requested, cash flow analysis for the Successor Agency by Project Area
(b) Review of Redevelopment Obligation Payment Schedules (ROPS) as requested.
(c) Provide property tax information to the Oversight Board at the direction of the Successor Agency
(d) Provide access to the Oversight Board to CITY and former redevelopment agency documents at the direction of the Successor Agency (e) Monitor the County distribution of tax-sharing revenues to the taxing entities of the former redevelopment agency
(f) Advice and consultation, as requested, on the CITY/Successor Agency’s preparation of required reports, such as revenue projections; review of Doc ID: 85e1253b6016f72af341e691a26482b7fb4ad184
ROPS, submittals to the Oversight Board and/or County or State agencies, and new or revised legislative requirements
(g) Analysis of legislative and judicial matters impacting Redevelopment Property Tax Trust Fund (RPTTF) revenues to the Successor Agency and to CITY.
2.4 Quarterly Services/Monthly Services (Fixed Fee)
CONTRACTOR shall perform the following services quarterly:
(a) A listing of property tax appeals filed on properties in CITY (selected counties)
(b) A listing of property transfers that have occurred since the last report
(c) Monthly update of CONTRACTOR’S web- based software
program to include parcel transfer data and, in select counties, appeal updates
2.5 On-Going Consultation (Fixed Fee)
During the term of this Agreement, CONTRACTOR will serve as CITY's resource staff on questions relating to property tax and assist in estimating current year property tax revenues.
On-going consultation would include, but not be limited to, inquiries resolved through use of CITY’s database.
Doc ID: 85e1253b6016f72af341e691a26482b7fb4ad184
CC 2015-47A HdLCC_First Amendment
CC_2015-47A_HdLCC_First_Amendment.pdf
85e1253b6016f72af341e691a26482b7fb4ad184
MM / DD / YYYY
Signed
06 / 24 / 2026
18:42:22 UTC
Sent for signature to Nichole Cone-Morishita
([email protected]) from
[email protected]
IP: 104.28.24.20
06 / 24 / 2026
18:44:06 UTC
Viewed by Nichole Cone-Morishita
([email protected])
IP: 107.135.46.241
06 / 24 / 2026
18:46:05 UTC
Signed by Nichole Cone-Morishita
([email protected])
IP: 107.135.46.241
The document has been completed.
06 / 24 / 2026
18:46:05 UTC