Amends a contract with Hilltop Securities, Inc. to add $150,000.00 for a new total of $1,350,000.00 for municipal financial advisory services to the City, to add $150,000, for a new contract total of $1,350,000 and to add nine-months for a new end date of 9-30-2026, citywide (FINAN-201738726/FINAN-202581744-04).

This agenda item authorizes a fourth amendment to the contract with Hilltop Securities, Inc. for municipal financial advisory services. The amendment adds $150,000, increasing the total contract value to $1,350,000, and extends the contract by nine months, with a new end date of September 30, 2026. Hilltop Securities has provided these services since January 1, 2018, advising on various city financial obligations like bonds and certificates of participation. This extension allows for continuity on ongoing financial transactions while a new Request for Proposals (RFP) is developed.

This contract amendment ensures continued expert financial advice for the city's debt management, with no direct cost increase to residents as it is funded by 'Cost of Issuance'.

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