Title
Amendment to Agreement for Financial Advisory Services
Overview
On April 23, 2018, the Orange County Transportation Authority Board of Directors approved an agreement with Sperry Capital, Inc., to provide financial advisory services for a three-year initial term and one, two-year option term. Board of Directors’ approval is requested to exercise the option term effective May 1, 2021 through April 30, 2023.
Recommendation(s)
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 2 to Agreement No. C-7-2137 between the Orange County Transportation Authority and Sperry Capital, Inc., to exercise the option term of the agreement, to extend the term through April 30, 2023 and increase the amount by $400,000, for a total contract value of $1,065,000, to provide continued financial advisory services.