Common Contracts

FROM: Alex D. McIntyre, City Manager SUBJECT: First Amendment to City/County Shelter Financial Support Agreement

Financial Support Agreement • September 8th, 2021 • California

• Contract Type
  Financial Support Agreement
• Filed
  September 8th, 2021
• Jurisdiction
  California

The financial agreement between the City and County for a year-round homeless shelter requires an amendment. The existing agreement did not include provisions for cost overruns and future inflationary adjustments. The proposed amendment adjusts costs and expenses to $1,550,000 for fiscal year 2021-2022 and links future adjustments to inflation by utilizing the Los Angeles/Long Beach Consumer Price Index for all urban consumers.