Memorandum
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The document is a memorandum regarding a City Council action request for a third amendment to the Consultant Agreement with The Pun Group, LLP, for grant fund monitoring services. It recommends increasing the maximum total compensation by $30,000, bringing it to $731,500, to ensure proper closure of the contract by June 30, 2025. The Housing Department is responsible for monitoring grant activities, and the additional funds will cover outstanding payments. The funding will come from the Housing Program Development and Monitoring appropriation in the Community Development Building Grant Fund.
Key points
- Subject: Third Amendment to the Consultant Agreement with The Pun Group, LLP.
- Recommendation to increase total compensation by $30,000 from $701,500 to $731,500.
- The amendment is necessary for the completion of outstanding payments and contract closure.
- The funding source is the Housing Program Development and Monitoring appropriation.
- No ongoing fiscal impact to the General Fund.
Limitations
- The document does not specify the exact date of the original agreement with The Pun Group, LLP.
- There are unresolved placeholders in the document regarding the council agenda and item details.
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