HomeMy WebLinkAboutContract 49145-A1 CSC NO. L '
AMENDMENT NO. #1 TO
CITY SECRETARY CONTRACT NO. #####
PFM GROUP CONSULTING LLC
PFM FINANCIAL ADVISORS LLC
PFM ASSET MANAGEMENT LLC
AGREEMENT FOR CONSULTING SERVICES
This Amendment is entered into by and between the City of Fort Worth (hereafter
"City"), a home rule municipal corporation organized under the laws of the State of Texas, and
PFM Group Consulting LLC, a Delaware limited liability company(the "Contractor"or"PFM
Consulting"), together with its affiliates, PFM Financial Advisors LLC, a Delaware limited
liability company ("Financial Advisors"), and PFM Asset Management LLC, a Delaware
limited liability company ("Investment Advisors") ("Financial Advisors" and "Investment
Advisors"referred to collectively as the "Affiliates").
WHEREAS, the parties have previously entered into an agreement for professional
consulting services related to the Fort Worth Employees' Retirement Plan, the same being Fort
Worth City Secretary Contract No.jqy (the"Contract"); and
WHEREAS, the Contract, as executed, did not provide for reimbursement of the
reasonable expenses of the Contractor and Affiliates; and
WHEREAS,the parties now wish to amend the Contract to address such reimbursement.
NOW, THEREFORE, City, Contractor and Affiliates, acting herein by and through
their duly authorized representatives, do hereby agree as follows:
1.
That Section III. COMPENSATION of Fort Worth City Secretary Contract9lyj
is hereby amended to add a new Paragraph 3 to read as follows:
3. Reimbursable Expenses
In addition to fees for services, Contractor and the Affiliates will be reimbursed
for necessary, reasonable, and documented out-of-pocket expenses incurred, including
travel, meals, lodging, telephone, mail, and other ordinary cost and any actual
extraordinary cost for graphics, printing, data processing and computer time which are
incurred by each, with estimated total expenses of $28,511. Documentation of such
expenses will be provided upon submission of any invoice for payment of expenses.
Contractor will include requests for reimbursement of expenses as part of the
monthly invoices it issues to the City of Fort Worth under Paragraph 1 of this Section.
Each invoice shall distinguish as between Contractor and each Affiliate and shall
separately state the fees and expenses for each.
2.
That all other provisions of Fort Worth City Secretary Contract f q/ ' -which are not
expressly amended herein shall remain in full force and effect.
Executed on this the 4ay of ' 2017.
CITY OF FORT WORTH: PFM GROUP CONSULTING LLC
By: CLG— By:
S an Alanis Name: Michael Nadol
Assist t City Manager Title: Managing Director
Date: W- d?o 1-7 Date: 5/24/17
ATT
ES PFM FINAN IAL ADVISORS LLC
By: By:
Mary Kayser Name: De is Wale
City Secretary, /� Title: anaging Director
Date: C,Mli? Date: s-3o-r'T
APPROVED AS TO FORM PFM ASSET MANAGEMENT LLC
AND LE ALIT
By: By:
d
DWISC-AcOXXI Name: l yric
Assistant Ci ttorney Title: Managing Director
Date:
Contract Authorization:
No M&C Required
Amendment No. 1 to CSC No. �)
Page 2 of 2
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.
A , a A4,!
Nam o mployee
Title