HomeMy WebLinkAbout02 - CC-1 - Attachment 1 - 6/23/2015Exhibit A
AMENDMENT NUMBER FOUR
TO AGREEMENT FOR FINANCIAL CONSULTING SERVICES
This Amendment is made and entered into this 16th day of June, 2015, ("Effective
Date") among THE COSTA MESA HOUSING AUTHORITY, a public body corporate and
politic ("Housing Authority") and the CITY OF COSTA MESA, a California municipal
corporation ("City") (together the Housing Authority and City as referred to as "Costa Mesa"),
and KEYSER MARSTON ASSOCIATES, INC., a California Corporation ("Consultant").
WHEREAS, Successor Agency to the City of Costa Mesa Redevelopment Agency, the
City and Consultant entered into an original agreement on July 1, 2012, to provide financial
consulting services (the "Agreement"); and
WHEREAS, the original Agreement contained a provision for an initial term of one (1)
year with the option to extend the Agreement for up to three (3) one year periods; and
WHEREAS, Consultant and City desire to exercise the third extension, so that the new
termination date shall be June 30, 2016; and
WHEREAS, the Successor Agency to the City of Costa Mesa Redevelopment Agency is
no longer a party to this Agreement; and
WHEREAS, Consultant no longer provides services to the Successor Agency to the
Costa Mesa Redevelopment Agency; and
WHEREAS, Consultant and City desire to amend the Agreement to decrease the current
amount of compensation from Two Hundred Thousand Dollars ($200,000.00), to a total amount
not to exceed One Hundred Seven Thousand Nine Hundred Seventeen Thousand Dollars
($107,917.00); and
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Parties agree as follows:
1. Paragraph 1.1 of the original Agreement shall be amended to read, "Consultant
shall provide the professional services described in Consultant's Scope of Work, a
copy of which is attached hereto as Exhibit "A," and which is incorporated herein
by this reference."
2. Paragraph 2.1 of the original Agreement shall be amended to read, "As
compensation for the provision of services outlined in Exhibit "A" and in
accordance with this agreement, Consultant shall be paid in accordance with the
fee schedule set forth in Exhibit "B," attached hereto and incorporated by
reference. Consultant's total compensation shall not exceed One Hundred Seven
Thousand Nine Hundred Seventeen Thousand Dollars ($107,917.00)."
3. Paragraph 4.1 of the Agreement is hereby amended to read, "This Agreement
shall commence on the Effective Date and continue until June 30, 2016, unless
KMA Amendment Four
previously terminated as provided herein or as otherwise agreed to in writing by
the parties."
4. All terms not herein defined shall have the same meaning and use as set forth in
the Agreement.
5. All other terms, conditions, and provisions of the successor Agreements not in
conflict with this Amendment, shall remain in full force and effect.
IN WITNESS WHEREOF, the Parties hereto have set their hand by their duly
authorized representatives as of the day and year first above written.
CITY OF COSTA MESA, A municipal corporation COSTA MESA
HOUSING AUTHORITY
a public body corporate and politic
Mayor of the City of Costa Mesa
Date:
Department Director
Date:
KEYSER MARSTON ASSOCIATES, INC.
"Consultant"
Date:
Signature
Kathleen H. He
Name and Title
94-2363741
Vice President
Taxpayer ID Number
ATTEST:
City Clerk and ex -officio Clerk
Of the City of Costa Mesa
Housing Authority Executive Director
Date:
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APPROVED AS TO CONTENT:
Date:
Project Manager
APPROVED AS TO FORM:
Date:
City Attorney
APPROVED AS TO INSURANCE:
Date:
Risk Management
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