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SECTION 1: That the Director of Finance be and she hereby is authorized to request <br />proposals from certified public accountants to provide GAAP conversion assistance services in <br />connection with the preparation of the 2020 CAFR. <br />SECTION 2: That the Mayor be and he hereby is authorized, upon approval of the Board <br />of Control, to enter into an agreement with the professional person or firm selected in the RFP <br />process for a term of five (5) years. Said agreement shall provide for the requested services to be <br />rendered by the selected professional for the preparation of the 2020 through 2024 CAFR and <br />also for optional services for an additional two (2) years, with such option to be exercised on <br />behalf of the City by the Board of Control upon the recommendation of the Director of Finance. <br />Said agreement shall further be in a form and substance that is not substantially adverse to the <br />City and which is approved by the Director of Law. The character of any such changes as not <br />being substantially adverse to the City shall be evidenced conclusively by the execution of the <br />agreement by the Mayor and the approval of the agreement by the Director of Law. <br />SECTION 3: That this Ordinance is hereby declared to be an emergency measure <br />immediately necessary for the preservation of the public health, safety and welfare, and for the <br />further reason that it is necessary to have a GAAP conversion professional in place and ready to <br />be scheduled by the Auditor of State within a time frame to meet the deadline, and further <br />provided it receives the affirmative vote of two-thirds of all members of Council, it shall take <br />effect and be in force immediately upon its passage and approval by the Mayor. <br />PASSED. bcy(,onlF F <br />ATTEST-HAMATTEST- <br />HAMM q,4S,MROLO H <br />Clerk of Council <br />APPROVED: <br />MA AOR KEVIN M. KENNEDY <br />2 <br />First Reading: <br />.Second Reading: <br />Third Reading: <br />Committee. F��sticN <br />NICOLE DAILEY J S <br />President of Counc l <br />APPROVED AS TO LEGAL FORM: <br />A/ Michael R. Gareau, Jr. <br />MICHAEL R. GAREA U, JR. <br />Director of Law <br />