Resolution No. XX-2022 1 of 2
RESOLUTION NO. XX – 2022
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF EAST PALO ALTO
AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE PROFESSIONAL
SERVICES AGREEMENT WITH DAVID ROSEN & ASSOCIATES FOR FINANCIAL CONSULTING SERVICES TO INCREASE THE NOT-TO-EXCEED AMOUNT TO $165,000 AND EXTEND THE TERM
BY ONE YEAR
WHEREAS, on February 5, 2019, via Resolution No. 5081, the City Council authorized the City Manager to execute a Professional Services Agreement (“Agreement”) with David Rosen & Associates (“DRA”) in an amount not to exceed $125,000 for a three-year term for financial consulting services; and
WHEREAS, DRA has performed analyses under this Agreement to support the City of East Palo Alto’s (“City”) affordable housing and development work, including development of its Inclusionary Housing ordinance and program; and
WHEREAS, at a public hearing on December 22, 2021, the City Council considered an East Palo Alto Opportunity to Purchase Act Ordinance (“EPA OPA”) and directed staff to return with an updated ordinance and accompanying analysis of real estate trends and potential impacts of EPA OPA for City Council consideration; and
WHEREAS, the City Council wishes to engage DRA, as an experienced real estate economics consultant, for an analysis of EPA OPA; and
WHEREAS, at the City Council Priority-Setting Session on January 8, 2022, the City Council directed staff to return in February or March with a study of City revenue options to support affordable housing, an analysis that was most recently completed by DRA in February 2020; WHEREAS, completion of these tasks and other activities under the Agreement will require additional funds.
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF EAST PALO ALTO HEREBY:
1. Appropriates $40,000 from the following Funds: Housing Successor (F220), Measure HH (F219), and General Fund (010); and
2. Authorizes the City Manager to execute an amendment to the Agreement with DRA that increases the not-to-exceed amount to $165,000 and allows for an additional one-year extension of the contract term with approval of the City Manager.
Resolution No. XX-2022 2 of 2
PASSED AND ADOPTED this 18th day of January 2022 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Ruben Abrica, Mayor
ATTEST: APPROVED AS TO FORM:
City Clerk Rafael E. Alvarado Jr., City Attorney