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Finance and Business

Tuesday, November 10, 2026 · 10:30 AM AM · City & County Building, room 391

TL;DR

The Finance and Business Committee approved a new Business Impact Opportunity Program to provide financial support to small businesses harmed by major city construction projects. The committee also approved several contracts totaling over $3.2 million for financial advisory services and infrastructure consulting, plus an amendment to expand a short-term rental monitoring software contract.

Key Decisions

  • Business Impact Opportunity Program Passed
  • Municipal Financial Advisory Services (Stifel) Approved
  • Infrastructure Advisory Services (Summit Street Group) Approved
  • Airport Financial Advisory Services (Frasca & Associates) Approved
  • Short-Term Rental Monitoring Software Contract Amendment Approved
Agenda PDF

Agenda

  1. Attendance
  2. Action Items
  3. 26-1712 For an ordinance creating a new article XIX, creating the business impact opportunity impact program, offering support to small businesses economically impacted by major city-funded construction projects.
    Bill
  4. 26-1719 For an ordinance establishing a new Fund in the Economic Opportunity Fund Series for the “Business Impact Opportunity” Program (17808).
    Bill
  5. 26-1710 Rescinds budget from General Fund Contingency to appropriate budget in General Fund agencies and appropriate cash transfers to the Liability Claims Special Revenue Fund (SRF), the Risk Management SRF, and the Affordable Housing Property Tax and Other Local Revenue SRF; and authorizes appropriations in the Liability Claims SRF, the Internal Billings and Reimbursements, and the Affordable Housing Property Tax and Other Local Revenue Fund.
    Bill
  6. Consent Items
  7. 26-1707 Approves a contract with Stifel, Nicolaus & Company, Incorporated for $750,000.00 ($150,000.00/year) and for an initial term of three years with two optional 1-year renewals to provide municipal financial advisory services, citywide (FINAN-202686100).
    Resolution
  8. 26-1708 Approves a contract with Summit Street Group, Inc. (“Consultant”) for $925,000.00 with an end date of 9-30-2029 to provide infrastructure advisory services to Department of Finance for city-wide projects, citywide (FINAN-202686371).
    Resolution
  9. 26-1709 Approves a contract with Frasca & Associates, L.L.C. for $1,570,000.00 ($300,000.00/year and an annual escalation of $10,000.00/year) and for an initial term of 3 years with two optional 1-year renewals to provide municipal financial advisory services for Airport-related matters, in connection with financial obligations for and on behalf of the Airport Enterprise, citywide (FINAN-202686334).
    Resolution
  10. 26-1711 Amends a contract with Neumo Group, LLC to add $97,252.70 for a new total of $833,252.70 and to add three years for a new end date of 4-12-2029 for software to monitor short-term rental listings, citywide (EXCIS-202158461/EXCIS-202684235-03).
    Resolution