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HomeMy WebLinkAboutContract 45144-A4 n CITY SECRETARY CONTRACT NO. AMENDMENT NO. 4 TO FORT WORTH CITY SECRETARY CONTRACT NO. 45144 FINANCIAL ADVISORY AGREEMENT This Amendment No. 4 to Fort Worth City Secretary Contract No. 45144 ("Amendment") is made and entered into by and between the City of Fort Worth, a home rule municipal corporation of the State of Texas ("Issuer"or"City"), and FirstSouthwest,A Division of Hilltop Securities,Inc., a Delaware Corporation("FSC" or"Consultant"). WHEREAS, Issuer and FSC previously entered into an agreement for financial advisory services,the same being Fort Worth City Secretary Contract No. 45144 (the "Agreement"); and WHEREAS,the Agreement provided for an initial term of one year and two one year renewals; and WHEREAS,the Agreement was subsequently amended three times,with each amendment extending the term for an additional one year period, those amendments being Fort Worth City Secretary Contracts 45144-A1,A2, and A3; and WHEREAS,the most recent amendment provided for a term that expires on July 31,2019; and WHEREAS, the Issuer and FSC wish to again amend the Agreement to provide an additional one year extension for continued services and to incorporate recently applicable changes in state law. NOW, THEREFORE, City and Consultant, acting herein by and through their duly authorized representatives, agree as follows: 1. That Section II, "TERM OF AGREEMENT," of Fort Worth City Secretary Contract No. 45144, as previously amended, is hereby further amended and revised to provide that the Agreement shall continue in effect under the same terms and agreements until July 31,2020,unless terminated earlier in accordance with Section III of the Agreement. 2. That Section V, "MISCELLANEOUS,"of Fort Worth City Secretary Contract No.45144, as previously amended, is hereby further amended to add a new paragraph 4 to read as follows: Amendment No.4—Financial Advisory Agreement OF�jP#kRECORD CITY SECRETARY FT WORTH,TX 4. Compliance with Chapter 2270. FSC acknowledges that in accordance with Chapter 2270 of the Texas Government Code,Issuer is prohibited from entering into a contract with a company for goods or services unless the contract contains a written verification from the company that it: (1) does not boycott Israel; and (2) will not boycott Israel during the term of the contract. The terms "boycott Israel' and "company" shall have the meanings ascribed to those terms in Section 808.001 of the Texas Government Code. By signing this Amendment, FSC certifies that FSC's signature provides written verification to the Issuer that FSC and any wholly owned subsidiary, majority-owned subsidiary, parent company, or affiliate of FSC (1) do not boycott Israel; and (2) will not boycott Israel during the term of the Agreement, as amended and extended. 3. All other provisions of the Agreement, as amended,that are not expressly amended herein shall remain in full force and effect. IN WITNESS WHEREOF,the parties have executed this Amendment to be effective August 1, 2019. CITY OFF T WORTH: FIRSTSOUTHWEST, A DIVISION OF HILLTOP SECURITIES,INC. By: By: _ Lau•�� Name: Kevin Gunn f� _ Name: el- w— InterimAssistantCityManager fit' .d �' " .Title: ate:Date: / Z0� r ATTES TTEST: Az By. By. City Secretary Title: V,� CONTRACT COMPLIANCE MANAGER: By signing I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performaneq and report' requirements. By: Name: John Samfor , ss ant Finance Director APPRO T AND LEGALITY: By: 6TT,7 Denis C.McEI ,Assis t City Attorney Contract Authorization: M&C C-29164 OFFICIAL RECORD CITY SECRETARY Amendment No.4—Financial Advisory Agreement FT. VIl< P ,011(