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File #: 25-0523    Version: 1 Name: Approval to Agreement F002912 to Amend the Scope of Work and Increase Compensation in the Amount of $290,000 with Alvarez & Marsal Public Sector Services LLC.
Type: CC- Consent - Resolution Status: Agenda Ready
File created: 7/15/2025 In control: City Council
On agenda: 8/5/2025 Final action:
Title: RESOLUTION - APPROVAL OF FIRST AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT NUMBER F002912 TO AMEND THE SCOPE OF WORK AND INCREASE COMPENSATION IN THE AMOUNT OF $290,000 WITH ALVAREZ & MARSAL PUBLIC SECTOR SERVICES, LLC RECOMMENDATION: It is recommended by the Finance Department that the Council, by resolution: 1) approve the First Amendment to Professional Services Agreement Number F002912 for budget process improvements, to amend the scope of services and increase compensation with Alvarez & Marsal Public Sector Services, LLC, New York, New York, in an amount of $290,000, and a total cumulative amount not to exceed $389,500; and 2) amend the Fiscal Year 2025-26 General Fund operating budget by increasing appropriations in the amount of $290,000 in the Finance department budget with the source of funds being General Fund reserves.
Sponsors: Finance
Indexes: Exempt Project, Not a Project
Code sections: 15061(b)(3) - General Rule Exemption, 15378 - Not a Project
Attachments: 1. Staff Report, 2. Resolution, 3. Exhibit A - First Amendment F002912