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RESOLUTION NO. – 2023
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF EAST PALO ALTO
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE AN AGREEMENT WITH URBAN FUTURES, INC (UFI) TO PROVIDE A 10-YEAR
FINANCIAL FORECAST MODEL IN AN AMOUNT TO EXCEED THIRTY-FIVE THOUSAND ONE HUNDRED DOLLARS ($35,100) AND A TERM THROUGH DECEMBER 31, 2023
WHEREAS, a 10-year financial forecast is a critical tool that will help the City of East Palo Alto plan for the future, manage finances effectively, and maintain transparency and accountability with the community; and
WHEREAS, a 10-year financial forecast is a East Palo Alto City Council Priority; and
WHEREAS, on March 1, 2023 the City of East Palo Alto (“City”) issued a Request for Proposals (RFP) to solicit bids for a 10-year financial forecast model; and WHEREAS, March 24, 2023 was the initial close of the bidding period and the City received only one bid which was rejected due to the price; and WHEREAS, the bid period was then reopened with a new deadline of April 7, 2023 and the original bidder was offered the opportunity to rebid at a lower cost; and WHEREAS, only UFI provided a proposal and bid in the amended period; and WHEREAS, the bid provided by UFI meets all of the City’s requirements and cost constraints.
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NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE
CITY OF EAST PALO ALTO HEREBY
1. Finds the foregoing recitals true and correct and incorporated by reference into this action; and
2. Authorizes the City Manager to negotiate and execute an agreement with Urban Futures, Inc (UFI) to provide a 10-Year Financial Forecast Model in an amount to exceed Thirty-Five Thousand One Hundred Dollars ($35,100) and a term through December 31, 2023.
PASSED AND ADOPTED this 2nd day of May 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Lisa Gauthier, Mayor
ATTEST: APPROVED AS TO FORM:
James Colin, City Clerk John D. Lê, City Attorney