HomeMy WebLinkAbout10 - CC-6 - Attachment A - 2/18/2014ATTACHMENT:A
AMENDMENT NUMBER THREE
TO AGREEMENT FOR FINANCIAL CONSULTING SERVICES
This Amendment is made and entered into this 18th day of February, 2014,
("Effective Date") among the SUCCESSOR AGENCY TO THE COSTA MESA
REDEVELOPMENT AGENCY, CITY OF COSTA MESA, CALIFORNIA, ("Successor
Agency") serving as successor agency of the dissolved community redevelopment agency
pursuant to Division 24, Community Redevelopment Law of the California Health and
Safety Code in particular Parts 1.8 and 1.85 added by Assembly Bill XI 26 ("Dissolution
Act")and 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 Successor Agency, 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, City of Costa Mesa and Consultant entered into an original agreement on July 1,
2012, to provide financial consulting services (the "Agreement"); and
WHEREAS, Consultant and Costa Mesa amended the Agreement on December
14, 2012, to increase the amount of compensation from One Hundred and Ten Thousand
Dollars ($110,000.00), to a total amount not to exceed One Hundred Thirty Thousand
Dollars ($130,000.00); and
WHEREAS, Consultant and Costa Mesa amended the Agreement again on May
21, 2013, to increase the amount of compensation from One Hundred and Thirty
Thousand Dollars ($130,000.00), to a total amount not to exceed One Hundred Forty
Thousand Dollars ($140,000.00); and
WHEREAS, Consultant and Costa Mesa desire to amend the Agreement to adjust
the amount of compensation from the existing limit of One Hundred and Forty Thousand
Dollars ($140,000.00), to a total not -to -exceed amount of Two Hundred Thousand
Dollars ($200,000.00).
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
wbich is hereby acknowledged, the Parties agree as follows:
1. 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 Two Hundred
Thousand Dollars ($200,000.00).
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2. All terms not herein defined shall have the same meaning and use as set forth in
the Agreement.
3. 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
AND COSTA MESA ACTING AS SUCCESSOR HOUSING AUTHORITY
AGENCY TO THE COSTA MESA a public body corporate
and politic
REDEVELOPMENT AGENCY
Chief Executive Officer of Costa Mesa Housing Authority Executive Director
Date:
KEYSER MARSTON ASSOCIATES, INC.
"Consultant"
Date:
Signature
Kathleen H. Head, Vice President
Name and Title
94-2363741
Taxpayer ID Number
APPROVED AS TO CONTENT:
Date:
Project Manager
Date:
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APPROVED AS TO FORM:
Date:
City Attorney
KMA AMEND THREE