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HomeMy WebLinkAboutContract 47368-A1 CITY SECRETARY. CONTRACT NO. FIRST AMENDMENT TO CITY SECRETARY CONTRACT NO. 47368 AGREEMENT BETWEEN THE CITY OF FORT WORTH AND GRAPHIC CONTENT, INC. FOR FINAL DESIGN AND COMMISSION OF PUBLIC ART FOR VICTORY FOREST COMMUNITY CENTER This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NO. 47368 ("First Amendment") is made and entered into by and between the City of Fort Worth, a home-rule municipal corporation of the State of Texas, acting by and through its duly authorized Assistant City Manager, and Graphic Content, Inc., a Texas corporation acting by and through its duly authorized President, Arturo Garcia. City has designated the Arts Council of Fort Worth and Tarrant County, Inc., to manage this Agreement on its behalf. The Contract Manager shall act through its designated Public Art project manager. WHEREAS, on December 24, 2015, the City and Artist made and entered into City Secretary Contract No. 47368, an agreement for Final Design and Commission of Public Art ("Agreement"); WHEREAS, in the course of enlisting a fabricator for the Work, Artist determined the need to adjust the payment schedule to fulfill the requirements set forth in the Agreement; and WHEREAS, it is the desire of City to amend the payment schedule to allow Artist the necessary cash flow to proceed with the fabrication and installation of the Work; NOW, THEREFORE, City and Artist, for and in consideration of the covenants and agreements hereinafter set forth,the sufficiency of which is hereby acknowledged, agree as follows: I. The parties wish to revise Article 3 of the Agreement titled "Compensation and Payment Schedule" to amend the payment installment schedule to change the cash flow without altering the total contract amount of$62,360.00. Article 3.2 (Payment Schedule) is replaced in its entirety to be and read as follows: OFRECOR" CITY SECRETARY Jr WORTH,TX Amendment 1,Contract Number 47368,Agreement with with Graphic Content,Inc.for Final Design and Commission of Public Artwork for Victory Forest Community Center Execution Copy 9/1/16 1 of 3 "3.2. Payment Schedule. City agrees to pay Artists in the following installments set forth below, each installment to represent full and final,non-refundable payment for all services and materials provided prior to the due date thereof. a. THREE THOUSAND DOLLARS AND NO CENTS ($3,000.00) upon execution of this Agreement. b. TWENTY THOUSAND DOLLARS AND NO CENTS ($20,000.00) within thirty (30) days after Artist submits the Final Design Deliverables, as required in Article 2.4. of this Agreement, and the Final Design is approved by the FWAC. c. TEN THOUSAND DOLLARS AND NO CENTS ($10,000.00) upon the Contract Manager's verification that fabrication of the sculpture is 50%complete. d. TEN THOUSAND DOLLARS AND NO CENTS ($10,000.00) upon the Contract Manager's verification that fabrication of the sculpture is 100%complete and ready to install. e. TEN THOUSAND DOLLARS AND NO CENTS ($10,000.00) upon the Contract Manager's verification that the Work is installed on the site. f. TWO THOUSAND, SIX HUNDRED SIXTY DOLLARS AND NO CENTS ($2,660.00) within thirty-five (35) calendar days after Final Acceptance and receipt by City of such documentation it may require concerning payment of supplies and services rendered to Artist[see Article 2.9]. g. City may pay Artist contingency funds in an amount up to SIX THOUSAND SEVEN HUNDRED DOLLARS AND NO CENTS ($6,700.00)for costs associated with the Work that are incurred by the Artist due to unforeseen changes in fabrication or installation costs, including an administrative fee of fifteen percent (15%). Such payment will be made upon (i) receipt of supporting documentation by the Contract Manager from the Artist and (ii) approval by the Contract Manager of the additional costs." II. Funds previously paid to the Artist prior to this First Amendment shall apply toward the total compensation paid to the Artist. III. All terms and conditions of the Agreement that are not expressly amended pursuant to this First Amendment shall remain in full force and effect. Amendment 1,Contract Number 47368,Agreement with with Graphic Content,Inc.for Final Design and Commission of Public Artwork for Victory Forest Community Center Execution Copy 9/1/16 2of3 IN WITNESS WREREOWay arties he to have executed four copies of this First Amendment in Fort Worth, Texas, this of , 2016. CITU Oh hORT 1VOlIT1-1 GRAPHIC CONT NT, INC. by: �� by: —__ Fernando Costa Arturo Garcia Assistant City Manager President Date: ZZA/1 Date: 11-29-16 APPRO D AS TO FORM AND LEGALITY: '//�A n//" Jessica 5Agsvang Assistant ity Attorney II Form 1295: Not Required FOr ATTESTED BY: �QFm000-- 0 0 00 a y J.'Ka r City Secretary - °,G�p o�oCP&P M&C— No N1&C Required OFFICIAL RECORD CITY SECRETARY FT.WORTH,TX Amendment I,Contract Number 47368,Agreement with with Graphic Content, Inc. for Final Design and Commission of Public Artwork for Victory Forest Community Center Execution Copy 9/1/16 3 of 3