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Chief Administrative Office, Economic Development Division, recommending the Board approve continuation of perpetual Agreement No. 213-S0910 with TransUnion LLC for Fiscal Year 2015/16 for a total amount not to exceed $1,000 for consumer reporting services and provision of FICO scores for the County's Housing Rehabilitation and Economic Development loan programs.
FUNDING: Federal Community Development Block Grants Funds and County Housing and Economic Development Program Income. (Federal Funds)
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Fiscal Impact/Change to Net County Cost
No change to Net County Cost. The Agreement is 100% federally funded through Community Development Block Grants and the Housing and Economic Development Program Income. The estimated annual cost for this Agreement is $1,000 and funds for these services are included in the FY 2015-16 County Budget.
Background
The Chief Administrative Office, Economic Development Division, Housing, Community and Economic Development Programs provides Housing Rehabilitation and Economic Development loans to qualified applicants to make repairs to an existing home, establish a new business or expand an existing business. Credit analysis is an important aspect in determining an applicant’s eligibility for a loan in these programs.
On October 28, 2008 (Legistar 08-1587 item # 3), the Board authorized the Chair to sign TransUnion Master Agreement for Consumer Reporting and Ancillary Services #213-S0910 with TransUnion LLC for credit reporting services. On March 8, 2011 (Legistar 11-0183 item #6), the Board authorized an addendum to the Master Agreement for the provision of FICO scores. The Agreement and Addendum have been executed and shall continue until terminated.
Reason for Recommendation
The Department is bringing this matter before the Board pursuant Board policy C-17, "Procurement," Section 4.5 which states that Departments must obtain authorization from the Board of Supervisors, initially and on an annual basis, to utilize any...
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