To: MAYOR AND CITY COUNCIL
From: STEPHANIE MEYER, FINANCE DIRECTOR
TITLE
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APPROVE AN AGREEMENT WITH HDL COREN AND CONE, INC. FOR PROPERTY TAX MANAGEMENT, DATA ANALYSIS, PROPERTY DATABASE, AND PARCEL AUDIT SERVICES IN A FIVE-YEAR AMOUNT NOT TO EXCEED $128,679, PLUS 25% OF FUNDS RECOVERED FROM IDENTIFYING AND CORRECTING ANY MISALLOCATED PROPERTY TAXES, FOR THE TERM AUGUST 17, 2026 TO AUGUST 16, 2031
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EXECUTIVE SUMMARY
The City’s contract with HdL Coren and Cone (“HdLCC”) to provide property tax management, data analysis, reporting, and parcel auditing services has expired. As a result, the Financial Services Department requested quotes from HdLCC and Neumo (formerly known as Avenu Insights & Analytics). Neumo did not respond to multiple requests for a proposal by the Financial Services Department.
Property tax revenue is the City’s largest single revenue source, contributing approximately $39.8 million, or about 46% of the City’s General Fund tax revenue in the FY 2026-27 Adopted Budget. HdLCC’s services also support the City in analyzing and forecasting other property tax related revenues, including Property Tax in Lieu of Vehicle License Fee (VLF) and Property Transfer Tax. The City relies on specialized property tax consulting, reporting, and auditing services to assist the City with budget forecasting; fiscal and economic planning; and to recover any misallocated property tax revenues.
HdLCC has consistently provided the City with reliable and high-quality specialized property tax consulting services for many years. These services also include access to a proprietary, web-based software database with the City’s parcel and property tax data and information that is utilized by multiple City Departments. HdLCC is recognized as one of the most experienced and reputable firms in California that performs property tax consulting, data analysis and parcel auditing. HdLCC currently provides these services to over 300 cities and special di...
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