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CONTRACT 3313A Amendment Agreement No. 3313A Agreement No. 3313 FIRST AMENDMENT TO PROFESSIONAL SERVICES AGREEMENT BETWEEN 1-HE CITY OF EL SEGUNDO AND HINDERLITE14,! DE LLAMAS&ASSOCIATES FOR SALES TAX AND USE TAX AUDIT AND INFORMATION SERVICES This First Amendment is entered into this 2131 day of June, 2019,by and between the CITY OF EL SEGUNDO,a municipal corporation and general law city("CITY")and HINDERLITER,DE LLALMAS AND ASSOCIATES,a California Corporation("CONSIJLTAN"r"). 1. Section 5 (A)of Agreement No. 3313 C'AgreenicnV)executed by the parties on April 1,2004 is amended to read as follows: "For creating databases; providing reports and analysis; and making software available to the CITY, as described in Exbibit B, CITY will pay CONSULTANT $550.00 leer month, invoiced quarterly("monthly fee"). 2. This Amendment may be executed in any number or counterparts, each of Which will be an original,but all of which together constitutes one instrument executed on the same date. 3. Except as modified by this Amendment,all other terms and conditions of Agreement No. 3313 remain the same. [Signatures on next page] Agreement No. 3313A Agreement No. 3313 IN WITNESS WHEREOF the parties hereto have executed this Amendment the day and year first hereinabove written. CITY OF E,, SEGUNDO HINDERLITER DE LLAMAS& ASSOCIATES Greg Car en Andy4N�0,Vkcr s o,n City er President ATTEST: Taxpayer ID No. 33-0008507 I Jacy 6 eaver, City Clerk APPROVED AS TO FORM: D:� ��%, for Dark D. Hensley, City Attorney -2- Agreement No. 3313A 134(1 valley Vista Drive tW Suite 200 1 Fax 409,861.7726 Diamond Bar 888.861.0220 `; A `-j Califomia 91765 www.hdtcomparijes.corn April 7,2017 Joseph Lillio Finance Director City of El Segundo 350 Main Street El Segundo,CA 90245 Dear Joseph: The long and valued relationship between the City of El Segundo and HdL goes back over 12 years. HdUs sales and use tax contract fee of$500/month has been hold at the current level since the agreement was originally executed on 4/112004. Over the past 12 years we have significantly expanded out service level, number and quality of management reports and added detailed sales tax budget estimates to our scope of services. Additionally,over the past 12 years the City's economic base and Wes tax revenue grow by more than 51%. Through our affiliation with Beacon Economics we now provide: clients with our quarterly Consensus Forecast of state-wide sales tax and economic trends. This forecast is a key component for the development of our highly accurate sales tax revenue projections that are usually within 1%of actual receipts, We also developed a client web-based sales tax application that provides immediate access to the City's latest sales tax information. Moving to web-based software has eliminated the need for city staff to tmck and install updates that were formerly provided on CDs and ensures that you are always using the most current information available. The web site also includes an archive ofthe City's quarterly sales tax reports in PDF format, Enclosed is a draft contract for your review. This updated agreement incorporates ourcurrent compensation language and will bring El Segundo in line with what other cities of similar size and complexity are paying for the same set-vices, The new compensation increases our monthly service fee from $500 to $550. We hope this proposed contract meets with your satisfaction. If you would like to discuss the fee increase or if the timing of the increase is problematic,please contact me and we can discuss the matter. We took forward to continuing our relationship with the City of HI Segundo. Andy Nickerson President Enclosure