HomeMy WebLinkAboutAGENDA REPORT 2005 0921 CC REG ITEM 10FrrEM 10. F.
CITY OF MOORPARK, CALIFORNIA
City Council Meeting
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MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Hugh R. Riley, Assistant City Manager
DATE: September 9, 2005 (City Council Meeting of 9/21/05)
SUBJECT: Rescind Decision to Approve Professional Services with
General Government Management Services as Special Tax
Consultant Relating to the Formation, Financing and
Annual Administration of Moorpark Highlands and Moorpark
Vista Community Facilities Assessment Districts
DISCUSSION
On September 15, 2004 the City Council authorized the City Manager
to enter into a Professional Services Agreement with General
Government Management Services (GGMS) to provide services as a
Special Tax Consultant in connection with the proposed Moorpark
Highlands and Moorpark Vista Community Facilities Assessment
Districts ( "the Districts "), Although GGMS completed some
preliminary work on the Districts, the agreement was never
finalized. It is typical for consulting work on proposed Community
Facilities Districts to be performed by special tax consultants,
bond underwriters, bond counsel and financial advisors with no
guarantee the Districts will be formed or their services ultimately
needed.
The Special Tax Consultant establishes the Special Tax formula for
the collection of the District payments allocates the costs among
the parcels and prepares the maps for the Districts. The consultant
will also provide annual administration services for the Districts.
Staff obtained an alternate proposal for professional services from
MuniFinancial, a firm qualified to serve as the City of Moorpark`s
Special Tax Consultant for the formation, financing and annual
administration of the Districts. The City Council approved an
Agreement with MuniFinancial on September 7.
Fees for these services are paid from the bond proceeds that
finance the Districts. The attached professional service agreement
with MuniFinancial provides a detailed scope of work as well as
costs for each service.
000442
Honorable City Council
September 21, 2005
Page 2
STAFF RECObMNDATION
Rescind September 15, 2005 action to approve agreement for
professional services with General Government Management Services.
000443