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Report regarding a resolution authorizing the City Manager to execute an amendment to the consulting services agreement with MuniServices, LLC to extend its terms for an additional two-year period ending on June 30, 2024, for access to the Sales Tax Analytics & Reporting and Forecasting Services and Sales and Use Tax Audit Services and a resolution authorizing the examination of sales or transactions and use tax records by MuniServices, LLC. (Karen Chang, Director of Finance)
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RECOMMENDATION
It is recommended that the City Council adopt a resolution authorizing the City Manager to execute an amendment to the consulting services agreement with MuniServices, LLC to extend for an additional two-year period ending on June 30, 2024, for access to the Sales Tax Analytics & Reporting and Forecasting Services and Sales and Use Tax Audit Services, and a resolution authorizing the examination of sales or transactions and use tax records by MuniServices, LLC.
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BACKGROUND/DISCUSSION
The City and MuniServices, entered into a Consulting Services Agreement on or about July 1, 2017 (hereinafter "Agreement") for a five-year term ending on June 30, 2022, with an option to extend for an additional two-year period, to perform Sales Tax Analytics & Reporting and Forecasting Services and Sales and Use Tax Audit Services. Over the past 5 years, MuniServices was successful to recover over $5 million ($4.6 million of Bradley Burns and $0.4 million of District tax) in sales tax revenues. Based on the quality of services provided, the City desires to exercise the option contained in the Agreement and extend the contract term for an additional two years. The proposed Amendment No. 1 would memorialize this extension.
Pursuant to Ordinance Nos. 02-2016, the City of South San Francisco entered into a contract with the State Board of Equalization ("Board") to perform all functions incident to the administration and collection of the Transactions and Use Tax Ordinances and...
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