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2 4 6 7 RESOLUTION NO. 14604 A RESOLUTION OF THE CITY COUNCIL OF THE CiTY OF RIVERSIDE, CALIFORNIA, AUTHORIZING WAIVER OF FORM3%L BIDDING AS REQUIRED BY P~SOLUTION NO. 12231, AS ~34ENDED, AND WAIVI~IG THE FORMAL CONSDLTANT SELECTION PROCESS TO PERMIT A CONTRACT TO BE AWARDED TO MUNICIPAL RESOURCE CONSULTANTS FOR CONDUCTING A PROPOSED SALES TAX ANALYSIS AND AUDIT OF SALES TAX REVENUE DISTRIBUTED TO CITIES. WHEREAS Municipal Resource Consultants offer a unique auditing service to cities which will identify and recover sales tax income that is currently unreallzcd due to distribution errors; and WHEREAS Municipal Resource Consultants appear to be a sole source provider who will provide said service on a con- tingency fee basis at no additional budgeted cost to the City; and WHEREAS the potential recovery averages 5% of total sales tax revenues which, if realized, would approximate $600,000 per year on a continuing basis; and ?~EREAS the audits performed by the State Board of Equalization to ensure that the proper sales tax is collected and remitted to the State are not sufficient due to lack of staff and the resulting inability to concentrate on "point of sale" distribution; and WHEREAS distribution errors can go undetected and cause sales tax revenue to be distributed to the wrong city; and W}{EREAS Municipal Resource Consultants will identif~ and correct point ~f sale distribution errors and thereby generate new sales tax income for the City for a f~e equal to 20% of new sales tax income recovered during the first four quarters following the audit, but not to exceed $120,000; NOW, THEREFORE, BE IT ~{SOLVED by the City Council of the City of Riverside that the formal consultant selection process as established by Administrativ~ Manual Policy Nos. II-4 and II-5 dated August 1981 be waived and that a contract for conducting