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will realize a savings of approximately $30,000 over the life of the contract, while <br />maintaining the same quality of service. The next four quarters are projected to see a <br />revenue increase of $623,000 with a contingency fee of approximately $8,000 in fees <br />(net revenue increase of $615,000 as noted above.) <br /> <br />Contingency fees are paid on the eight quarters following the Date of Correction after <br />which revenues are no longer subject to the fees. Taking into account the total <br />additional revenue to be collected by the City and the fees of 15% to be paid on the <br />revenue collected for a specific period of time, the effective rate paid to the consultant <br />will be significantly less than the contractual 15%. <br /> <br />Approval of the Business License Compliance Services agreement with MuniServices, <br />LLC will have no net budgetary impact for FY 2015-16. The 30% contingency fee <br />related to the discovery will not represent any cash outlay (expense) for the City, as it <br />will be netted out from the additional revenue received. <br /> <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under CEQA as defined in CEQA Guidelines, section <br />15378, because it has no potential for resulting in either a direct or foreseeable physical <br />change in the environment. <br /> <br /> <br />MATTHEW MCDONALD <br />FINANCE DIRECTOR <br /> <br /> <br /> <br />ROBERT B. BELL <br />CITY MANAGER <br /> <br />ATTACHMENT <br />1. Agreement with MuniServices <br /> <br />RELATED DOCUMENTS IN CITY CLERK’S OFFICE <br />None <br /> <br />7.1.H. - Page 3