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INFORMATIONAL MEMO <br />Page 2 <br />It is in the best interest of the City to continue to use their services. Accordingly, revised contract <br />terms are recommended to extend the contract amount and service term, as follows: <br />Contract Terms <br />Original <br />Amendment 1 <br />Amendment 2 <br />Expiration date <br />June 1, 2016 <br />December 31, 2017 <br />December 31, 2020 <br />Amount <br />$40,000 <br />$130,000 <br />$300,000 <br />FINANCIAL IMPACT <br />The financial advisory fees will be paid for from bond proceeds. <br />RECOMMENDATION <br />The Council is being asked to approve the contract amendment and consider this item at the <br />November 6, 2017 Regular Meeting Consent Agenda. <br />ATTACHMENTS <br />Contract amendment 14-086(b) <br />Original contract 14-08 <br />36 <br />