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HomeMy WebLinkAboutContract 45387-A9 CSC No. 45387-A9 AMENDMENT NO. 9 TO FORT WORTH CITY SECRETARY CONTRACT NO. 45387 AGREEMENT FOR ARBITRAGE REBATE COMPLIANCE SERVICES This Amendment No. 9 to Fort Worth City Secretary Contract No. 45387 ("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 Hilltop Securities Asset Management,LLC,formerly known as First Southwest Asset Management,Inc., a Delaware Corporation ("First Southwest" or"Consultant"). WHEREAS,Issuer and First Southwest previously entered into an agreement for arbitrage rebate compliance services, the same being Fort Worth City Secretary Contract No. 45387 (the "Agreement"); and WHEREAS, the Agreement provided for an initial term of one year and two one year renewal options; and WHEREAS, the Agreement was subsequently renewed twice and amended three times, with each amendment extending the term for an additional one year period, those renewals and amendments being Fort Worth City Secretary Contracts 45387-A1,A2,A3,A4, and A5; and WHEREAS, in 2019 the parties again entered into an amendment to extend the term and also to add language conforming with changes in Texas law, that amendment being Fort Worth City Secretary Contract No. 45387-A6; and WHEREAS, in 2020 and 2021 the parties again entered into amendments to extend the term,those amendments being Fort Worth City Secretary Contract Nos. 45387-A7 and 45387-A8; and WHEREAS,the current renewal term expires on January 31, 2022; and WHEREAS,the Issuer and Consultant wish to again amend the Agreement, as previously amended by Fort Worth City Secretary Contract No. 45387-A6, to provide an additional twelve month extension for continued services. NOW, THEREFORE, City and Consultant, acting herein by and through their duly authorized representatives, agree as follows: 1. That Section 7,"Effective Date of Agreement," of Fort Worth City Secretary Contract No. 45387, as previously amended, is hereby further amended and revised to provide that the OFFICIAL RECORD Amendment No.9—Arbitrage Rebate Compliance Services Agreement CITY SECRETARY FT.WORTH, TX Agreement shall continue in effect under the same terms and agreements until January 31, 2023, unless terminated earlier in accordance with Section 7 of the Agreement. 2. All other provisions of the Agreement, as amended, that are not expressly amended herein shall remain in full force and effect. 3. This Amendment may be executed in several counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. A signature received via facsimile or electronically via email shall be as legally binding for all purposes as an original signature. IN WITNESS WHEREOF,the parties have executed this Amendment to be effective February 1,2022. CITY OF FORT WORTH: CONSULTANT: By: Reginald ZenoTreb 28,202210:28 CST) By: Name: Reginald Zeno Name: Bill Johnson Interim Assistant City Manager gd4a��n� Tale: Managing Director 7/j�f�fnTLTLn \� /y//j ooa FORr aFeb 28 2022 XoDate: pr ° o °FIY °°o° 0. = ATTEST: ddd me a Ay By: Jannette S.Goodall(Feb 28,2022 11:32 CST) City Secretary 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. By: V V Name: Alex Laufer,Debt Manager APPROVED AS TO FORM AND LEGALITY: By: (�t�- Denis C.McElroy,Assistant City Attorney OFFICIAL RECORD Contract Authorization: M&C 21-0012 CITY SECRETARY FT.WORTH, TX Amendment No.9—Arbitrage Rebate Compliance Services Agreement