HomeMy WebLinkAboutSR - R25410A - CA1 - RDA Consulting SvcsREQUEST:
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PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
APPROVAL OF AMENDMENT TO KEYSER MARSTON
ASSOCIATES, INC. CONSULTING CONTRACT NO. R25410A
SUBMITTED BY: ARLA K. SCOTT, SENIOR FINANCIAL ANALYST
CONSULTANT: KEYSER MARSTON ASSOCI kTMES, I N DATE
500 S, GRAND AVE. --
LOS ANGELES, CA 90071 lJ CONTINUED TO
DATE:
CONTENTS:
Recommendation:
NOVEMBER 16, 2006 ❑ PASSED TO 2ND READING
AMENDMENT NO. 1 TO COP_ '1,1'11 ^
By Minute Motion, that the Agency Board:
1) Approve Amendment No. 1 to Contract No. R25410A with Keyser
Marston Associates, Inc. by an additional $30,000;
2) Authorize the Chairman to execute the above -mentioned contract.
Executive Summary:
The Agency staff needs to amend the Keyser Marston Associates contract by an
additional $30,000, in order to provide for hotel development analysis.
Discussion:
Currently, staff is using Keyser Marston Associates to analyze financial feasibility of a
resort development at Desert Willow proposed by a third party developer. We have
given them various scenarios to perform analysis on so that staff can make a more
informed recommendation. These were not anticipated when the original contract was
approved to provide for general agency analysis at the June 22, 2006 City Council
meeting. Therefore, an additional $30,000 needs to be added to their original contract.
This requires approval by the Agency prior to amending the contract.
Staff Report
Approval of Amendment to Keyser Marston Associates Contract R25410A for Consulting
Services
Page 2
November 16, 2006
Staff is recommending that the Redevelopment Agency Board approve the amendment
to the Keyser Marston Associates contract for Fiscal Year 2006-2007.
Submitted By:
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Arla K. Scott
Senior Financial Analyst
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Approval:
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J in McCarthy
CM edevelopme
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Carlos L. O a
Executive Director
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Department Head:
`�-bavid Yrigo
Director development/Housing
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Paul S. Gibson
Director of Finance
PALM DOIRT UMVIELOnUNT AGENCY
SIR iu AMIENSWNY
Contract Purpose Financial Consulting F/Y 2006-07
Consultant's Name Keyser Marston Associates, Inc.
Address: 55 Pacific Avenue Mall
San Francisco, CA 94111
Contract # / P.O. # I R25410A None
Amendment/ If 1
Change Order No.
Contingency: YES NO X
Account No.
Project No.
Vendor No. 8896
i
You are hereby requested to comply with the following changes from the contract plans and specifications:
DECREASE INCREASE
DESCRIPTION OF CHANGES In Contract Price In Contract Price
Hotel development analysis 30,000.00
TOTALS: - 30,000.00
NET CHANGE IN CONTRACT PRICE: 30,000.00
JUSTIFICATION:
TOTAL BUDGET FOR PROJECT: + 30,000.00 CONTINGENCY:
Less: Expend. & Encumb. To Date: - 30,000.00 Amount Approved by Board: +
Less: This Change Order Amount: - 30,000.00 Less: Prior Amendment(s): -
BALANCE OF BUDGET Less: This Amendment: -
REMAINING FOR PROJECT: (30,000.00) Balance Remaining of Contingency: -
The amount of the Contract will be (Desfeased) Increased by the Sum of: Thirtv Thousand and NO/100
Dollars ($30,000.00).
G \RDA\Laurel Knutson\Word Data\RDA\Amndmts - Chng Ordrs\Keyser Marston R2541OA doc See reverse
Contract R25410A Amendment No. 1 Continued from front
This Contract Amendment covers changes to the subject contract as described herein. The consultant shall perform
all work as necessary or required to complete the Contract Amendment items for a lump sum price agreed upon
between the Consultant and the Palm Desert Redevelopment Agency, otherwise referred to as Owner.
Contract Time Extension N/A Days.
Revised Contract Total $60,000.00
The undersigned Consultant approves the foregoing Contract Amendment # R25410A as to the changes, if any, in
the contract price specified for each item including any and all supervision costs and other miscellaneous costs
relating to the change in work, and as to the extension of time allowed, if any, for completion of the entire work on
account of said Contract Amendment # 1 . The Consultant agrees to furnish all labor and materials and perform all
other necessary work, inclusive of that directly or indirectly related to the approved time extension, required to
complete the Contract Amendment items. This document will become a supplement of the contract and all provisions
will apply hereto. It is understood that the Contract Amendment shall be effective when approved by the Owner.
Execution of this Contract Amendment by the Consultant constitutes a binding accord and satisfaction that fully
satisfies, waives, and releases the Owner from all claims, demands, costs, and liabilities, in contract, law or equity,
arising out of or related to the subject of the Contract Amendment, whether known or unknown, including but not
limited to direct and indirect costs and/or damages for delay, disruption, acceleration, and loss of productivity, as well
as any and all consequential damages.
This document will become a supplement to the Contract and all provisions will apply hereto, all items included above
must have required signatures as per the purchase resolution.
REQUESTED BY:
CERTIFIED
FUNDS AVAILABLE:
EXECUTIVE DIRECTOR
FINANCE DIRECTOR
NOTE: No payments will be made
prior to Executive Director and
Agency Board approval
2. ACCEPTED BY:
CONSULTANT
4. APPROVED BY:
JIM FERGUSON, CHAIRMAN
SECRETARY
11/16/06
Date Approved
11 /16/06
Date Approved
G tRDA\Laurei KnutsontWord DatatRDA\Amndmts Chng OrdrstKeyser Marston R2541OA doc See reverse