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HomeMy WebLinkAboutContract 58064-A1CSC No. 58064-A1 AMENDMENT NO. 1 TO CITY OF FORT WORTH CONTRACT NO. 58064 This Amendment is entered into by and between the CITY OF FORT WORTH (hereafter "City"), a home rule municipality, with its principal place of business at 200 Texas Street, Fort Worth, Texas, and SPLIT ROCK JUMPING TOUR, LLC ("Contractor"), City and Contractor may be referred to individually as a Party and collectively as the Parties. WHEREAS, on September 6, 2022, the Parties entered into City Secretary Contract 58064 to provide event support for the 2022 Fort Worth International CSI4*-W split rocking jumping tour event("Agreement/Contract"); WHEREAS, the Parties wish to amend the Agreement to correct a reference to the amount of the City's contribution to the Office of the Governor Economic Development and Tourism office to accurately reflect the correct amount and modify the amount of the total fund the City may elect to distribute. NOW, THEREFORE, the Parties, acting herein by the through their duly authorized representatives, enter into the following agreement: 1. AMENDMENTS The Contract is hereby amended as indicated below: Section 4 of the Contract, entitled "Trust Fund Deposit" is hereby amended to read as follows: 4. TRUST FUND DEPOSIT. In consideration of Company's selection of Will Rogers Memorial Center as the sole site for the Event, the City will remit a total of $6,011.00 for the Event to the EDT, as set forth in the August 31, 2022, letter that was issued by the EDT estimating the incremental increase in tax revenue under the Act as a result of the Event and setting forth the contribution to the Fund by the City ("City Remittance"). The City Remittance is intended to trigger the State of Texas contribution to the Fund under the terms of the Act. The City Remittance plus the contributions by the State of Texas to the Fund in accordance with the Act shall be referred to herein as the "Total Fund Amount." Section 5(b)(iii) of the Contract is hereby amended to read as follows: 5. GENERAL OBLIGATIONS OF THE PARTIES b. City. (iii) The City shall be responsible for distributing the Total Fund Amount to reimburse OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX the City and Company for the expenses set forth in Section 5, with the Company receiving reimbursement for actual expenses incurred by the Company up to a maximum of 100% of the Total Fund Amount. 2. ALL OTHER TERMS SHALL REMAIN THE SAME All other provisions of the Agreement which are not expressly amended herein shall remain in full force and effect. 3. ELECTRONIC SIGNATURE This Amendment may be executed in multiple counterparts, each of which shall be an original and all of which shall constitute one and the same instrument. A facsimile copy or computer image, such as a PDF or tiff image, or a signature, shall be treated as and shall have the same effect as anoriginal. ACCEPTED AND AGREED: CITY OF FORT WORTH: By: WilhamJohnson (Fe 23,202309:57CST) Name: William Johnson Title: Assistant City Manager Date: APPROVAL RECOMMENDED: LM Name: Mike Crum Title: Public Events Director ATTEST: pO�an4Il� FORT�dd o t Ax,pads o *„ By: ddnn °E4p544 Name: Jannette S. Goodall Title: City Secretary SPLIT ROCK JUMPING TOUR, LLC By: Name: Derek Braun Title: Founder/Manager Date: 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. LN Name: Christopher Roden Title: Program Coordinator APPROVED AS TO FORM AND LEGALITY: By: Name: Taylor Paris Title: Assistant City Attorney CONTRACT AUTHORIZATION: M&C: 1295: OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX