TITLE
Recommendation to authorize City Manager, or designee, to compensate MuniServices, LLC, dba Avenu MuniServices, LLC, of Fresno, CA, for its contractual share of new or misallocated sales, use, and transaction and use tax revenue, contingent on actual revenues received from the California Department of Tax and Fee Administration (CDTFA), as a direct result of Avenu MuniServices, LLC’s detection and correction efforts pursuant to the terms of Contract Number 34743, including payment for such revenues received following close of said Contract; and
Authorize City Manager, or designee, to compensate Hinderliter, de Llamas & Associates dba HdL Companies, of Diamond Bar, CA, for its contractual share of new or misallocated sales, use, and transaction and use tax revenue, contingent on actual revenues received from CDTFA, as a direct result of HdL Companies’ detection and correction efforts pursuant to the terms of Contract Number 35162, including payment for such revenues received following close of said Contract. (Citywide)
DISCUSSION
City Council approval is requested to authorize payment to MuniServices, LLC, dba Avenu MuniServices, LLC (Avenu), and Hinderliter, de Llamas & Associates (HdL Companies) due after the expiration of each vendor’s contract with the City of Long Beach (City). Compensation is on a contingency basis, where each vendor will receive their contractual share of new or misallocated sales, use, and transaction and use tax revenue received by the City as a direct result of each company’s auditing efforts while under contract. The timing of payments due to each vendor is subject to when the CDTFA reviews, approves and remits actual revenues to the City. Due to these timing considerations, which may extend beyond each contract’s end date, the Financial Management Department requests authorization to continue to process payments for compensation due after each contract ends.
The City previously retained Avenu for sales, use, and transactio...
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