The council will be asked to add about $150,000 to an existing contract with a financial advisory firm that assists various city departments and agencies with financial planning and debt-related services.
The Public Resources Advisory Group signed a $100,000 five-year contract with City Hall last summer. The agency is anticipated to assist in various ongoing financial matters and as a result, city staff is recommending that the firm’s contract be extended to $250,000.
Originally published in the Santa Monica Daily Press print edition on February 26, 2008. Read the original PDF.