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' � ✓ <br /> Fiscal impact <br /> Funds are appropriated for professional services in the 2004-2005 Agency budget <br /> sufficient to fund this second amendment to the agreement. Funding will be split <br /> between the Agency general budget and the Agency housing budget. As proposed, <br /> this agreement would continue into the next fiscal year and would come back to the <br /> Agency Board for further action when the not-to-exceed cap has been reached. At that <br /> time the agreement would require another amendment if KMA services were still <br /> needed. <br /> Alternatives <br /> 1. Approve the agreement with a lower not-to-exceed cap. A consequence of this <br /> alternative would be that the agreement would be presented to the board for <br /> amendment with greater frequency. <br /> 2. Direct staff to seek proposals from other economic consultants. <br /> Conclusion <br /> Staff recommends this proposed amendment to the agreement with KMA in the amount <br /> of $50,000. These funds will only be spent with direct authorization from the Agency <br /> staff. In addition, the agreement will provide the staff with flexible economic consulting <br /> resources during this period of intense development activity. Finally, KMA — <br /> represented by Tim Kelly, as well as Debbie Kern in terms of housing — has provided <br /> high quality assistance to the Agency for many years on a variety of complex projects. <br /> � , <br /> % �/ �/ <br /> � / <br /> w. .�Lu. -(�a r' <br /> Susan Moeller � Joel tterson vere <br /> Redevelopmerrt, Housing Community Development City Manager <br /> & Economic Development Services Director <br /> Manager <br /> SFM:cje <br /> vs�n�x��, n�� zooaro9-2ooais�t�t�-xnsn <br /> Attachments <br /> 1. Exhibit A-Keyser Marston Associates, Inc. Scope of Services <br /> 2. Exhibit B-Keyser Marston Hourly Fee Schedule <br /> 3. Amendment No. 2 to Agreement for Professional Consultant Service <br /> Page 3 of 3 <br />