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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MARCH 20, 2018 <br />TITLE: <br />AUTHORIZE THE CITY MANAGER AND CITY <br />ATTORNEY TO ENTER INTO AGREEMENTS <br />RELATED TO REVENUE GENERATION IN AN <br />AMOUNT NOT TO EXCEED $100,000, THROUGH <br />DECEMBER 31, 2018 <br />{STRATEGIC PLAN NOS. 1 THROUGH 7} <br />� � <br />r <br />I MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 15' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and City Attorney to enter into agreements related to revenue <br />generation in an amount not to exceed $100,000, through December 31, 2018. <br />BACKGROUND <br />On February 5, 2018, at a Special Council Meeting, the City Manager and Executive Director of <br />Finance provided the Mayor and City Council with an update on CalPERS, a mid -year budget <br />update, a preliminary budget for FY 2018/19, and a revised Five -Year Forecast. During this <br />presentation, it was noted that the current Fiscal Year 2017/18 budget has a $9.3 million deficit, <br />with the next two fiscal years having a projected $16.9 million and $31.8 million, respectively. <br />Staff, in consultation with the Mayor and City Council, are working diligently to find ways to <br />address our budgetary challenges, while maintaining services to the community. This has <br />included looking at ways to provide services alternatively, reviewing purchasing practices, and <br />also looking at revenue generation. <br />In order to continue pursuing options for the City Council to consider, staff requires the <br />assistance of experts from a cross sections of industries. This expertise must be retained in order <br />to properly evaluate options. At this time staff has begun preliminary research to identify various <br />firms, however no decisions have been made. Because time is of the essence, staff is requesting <br />this authority. In order to properly track these costs, a project activity code will be created within <br />the City's accounting software and no expenditures will be made without the concurrence of both <br />the City Manager and City Attorney. <br />6513-1 <br />