Lake Forest extends EcoNomics solid waste consulting pact | City of Lake Forest | ECONOMICS INC

Scope & details

The full contract record, as filed.

Contract amount

$802,440 (not-to-exceed)

Contract type

CONSULTING

Contract term

February 1, 2022 – June 30, 2027

Renewal date

2027-06-30

Renewal

Initial agreement began February 1, 2022 with two optional one-year extensions; First Amendment on April 2, 2024 added $165,000; Second Amendment on January 28, 2025 added $130,000 and extended term to June 30, 2026; Third Amendment uses the final one-year extension to June 30, 2027 and increases funding by $160,000 with a 3.01% CPI rate adjustment.

Document type

Agenda

Source document

Lake Forest City Council Meeting Agenda April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the consulting contract by City of Lake Forest?

Economics Inc was awarded this consulting contract by City of Lake Forest, as recorded on April 7, 2026. The contract value is $802,440 (not-to-exceed).

How much is the Economics Inc contract with City of Lake Forest worth?

The Economics Inc contract with City of Lake Forest is valued at $802,440 (not-to-exceed), covering consulting work.

What type of contract is this?

This is a Consulting contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Lake Forest City Council Meeting Agenda April 2026 (Agenda), dated April 7, 2026 from City of Lake Forest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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