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HomeMy WebLinkAboutContract 47421-R1A1 CITY SECRETARY' I p,�CEI�ED CONTRACT N0. "t 4 I DEC 2 6 7V C�,Vs( n ST RENWAL AND AMENDMENT OF CITY SECRETARY CONTRACT NUMBER 47421, A NON-EXCLUSIVE ATM LICENSE AGREEMENT THIS FIRST RENEWAL AND AMENDMENT OF FORT WORTH SECRETARY CONTRACT NUMBER 47421 ("First Renewal and Amendment') is made and entered into by and between the City of Fort Worth("Licensor"),a home-rule municipal corporation acting by and through its duly authorized Assistant City Manager, and Fort Worth City Credit Union("Licensee"), a credit union chartered by the State of Texas,acting by and through its duly authorized representative. The Licensor and Licensee may be referred to herein individually as a Party,or collectively as the Parties. WHEREAS,the Licensor and Licensee are parties to an a license agreement whereby the Licensee has been granted a non-exclusive license to install,operate,and maintain ATMs in certain locations within the Fort Worth Convention Center,the same being City Secretary Contract Number 47421 ("Agreement'); WHEREAS,the Agreement provides for an initial term of two years,beginning on December 1, 2015 and expiring on November 30,2017; WHEREAS, the Agreement may be renewed for three additional one-year periods at the sole discretion of the Licensor; WHEREAS,the parties desire to amend the Agreement to allow for two optional two-year renewal periods instead of three additional one-year renewal period; WHEREAS,the Licensor desires to exercise the first renewal term of one year,effective beginning on December 1,2017 and expiring on November 30,2018; NOW,THEREFORE,the Parties agree to renew and extend the Agreement for the first renewal term as follows: I. AMENDMENT Section 3(b)of the Agreement concerning the Term is amended to revise the renewal period to two additional two-year terms and reads as follows: "(b)This Agreement may,however,be renewed for two(2)additional two-year periods at the sole discretion of the Licensor(each a"Renewal Term")." II. RENEWAL The Parties agree to renew and extend the Agreement for a first renewal tern of two years,effective beginning December 1,2017 and expiring on November 30,2019. III. MISCELLANEOUS All terms and conditions of the Agreement that are not expressly amended pursuant to this First Renewal and Amendment shall remain in full force and effect. OFFICIAL.RECORD First Renewal and Amendment of CSC 47421 CITY SECRETARY 1 of 2 F Ii 91OWN J TX All terms in this First Renewal and Amendment that are capitalized but not defined shall have the meanings assigned to them in the Agreement. IN WITNESS WHEREOF,the parties hereto have executed this First Renewal and Amendment in multiples in Fort Worth,Tarrant County, Texas. CITY OF FORT WORTH: FORT WORTH CITY CREDIT UNION: By:5Z2QLBy: f/" S san Alanis IFRon Fox Assistant City Manager President RECOMMENDED: /A�"' KirO§IaughtW Director Public Events Department Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract,including ensuring all performance and reporting requirements. Name: Title: Q�/ APPROVED AS TO FORM AND LEGALITY: ' Tyler F. Wallach Assistant City Att�p/e FORT ATTEST: ,:••' (} Mary Kay.Ver , City Secre . ` OFFICIAL RECORD CITY SECRI�MARY First Renewal and Amendment of CSC 47421 �.��I'ly � 2 of 2