City of Maricopa - File #: CON 16-16

• File #: CON 16-16
• Version: 1
• Name: Piper Jaffray Amendment
• Type: Contract
• Status: Passed
• File created: 4/1/2016
• In control: City Council Regular Meeting
• On agenda: 4/5/2016
• Final action: 4/5/2016
• Title: The Mayor and City Council shall discuss and possibly take action on approval of a First Amendment to Professional Services Agreement with Piper Jaffray & Co. for financial services and authorize the City Manager to move forward with appealing the transfer/loss of primary property tax revenue. Discussion and Action.

Date	Ver.	Action By	Action	Result
4/5/2016	1	City Council Regular Meeting	Approved	Pass

TITLE

The Mayor and City Council shall discuss and possibly take action on approval of a First Amendment to Professional Services Agreement with Piper Jaffray & Co. for financial services and authorize the City Manager to move forward with appealing the transfer/loss of primary property tax revenue.  Discussion and Action.

AGENDA ITEM DESCRIPTION

On April 5, 2011, City Council approved a Professional Services Agreement with Piper Jaffray & Co. for financial services.  The initial term of the agreement was for five (5) years.  The City would like to amend the Agreement to extend the initial term for one year.  During this time, Piper Jaffray & Co. will be assisting the city with certain financial projects including, but not limited to, the appeal of the transfer/loss of primary property tax revenue as set forth in the attached proposal from Piper Jaffray.  Staff is requesting funding not to exceed $17,000 from Contingency Funds (10010000-99000) for this contract amendment.

STAFF RECOMMENDATION

 Staff recommend approval of the First Amendment to Professional Services Agreement with Piper Jaffray & Co and funding not to exceed $17,000 to be provided from Contingency Funds (10010000-99000).