HomeMy WebLinkAboutContract 52965-A1 t,
}x CITY SECRETARY
CONTRACT NO. .5 aZ q b 5-Al
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G� FIRST AMENDMENT TO CITY SECRETARY CONTRACT NO. 52965
A MANAGEMENT AND IMPROVEMENT SERVICES AGREEMENT
Fort Worth Public Improvement District No. 15(Sun Valley)
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 52965("First
Amendment")is made and entered into by and between the CITY OF FORT WORTH("City"),a homc-
rule municipal corporation organized under the laws of the State of Texas,acting by and through its duly
authorized Assistant City Manager, and ORASI DEVELOPMENT, LLC, a Texas limited liability
company,("Contractor")acting by and through its duly authorized representative.
WHEREAS, the City and Contractor are parties to a Management and Improvement Services
Agreement for Fort Worth Public Improvement District No. 15, the same being City Secretary Contract
Number 52965("Agreement");
WHEREAS, Contractor identified the need to revise the budget to increase expenses associated
with additional printing costs for the District;
WHEREAS,on May 5,2020,the City Council authorized a resolution approving a revised Fiscal
Year 2019-2020 budget and five-year service plan,taking into account the revised budget;
WHEREAS,the parties wish to amend the Agreement to incorporate the revised budget;and
NOW,THEREFORE,for and in consideration of the mutual covenants,promises,and agreements
contained herein,the City and Contractor do hereby covenant and agree to amend the Agreement as follows:
1. Exhibit A to the Agreement concerning the Budget and Service Plan for the District is
replaced with, and superseded by, a new Exhibit A that is attached to this First Amendment, which is
incorporated into the Agreement for all purposes.
2. All terms of this First Amendment that are capitalized but not defined have the meanings
assigned to them in the Agreement.
3. All terms and conditions of the Agreement that are not expressly amended pursuant to this
First Amendment will remain in full force and effect.
IN S WHEREOF,the undersigned have caused this First Amendment to be executed on
j4day of 2020,in Fort Worth,Tarrant County,Texas.
CITY OF FORT WORTH: ORASI DEVELOPMENT,LLC
a Texas limited liability company
B ��� B •
Y Y
Jay Chapa ac Thomps
Deputy City Manager M mber
Fim Amaammi to CSC 52965 1► ► it 7
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ATTEST: : .s
44 By:
Miry J. K s
City Sccrcta
APPROVED AS TO FORM AND LEGALITY:
By:
Senior Assistant City Attorney
Contract Compliant Manager:
By signing. I acknowledg that I am the person responsible for the monitoring and administration of this
contract,including ensuring all performance and reporting requirements.
rystal inojosa
Sr.Contract Compliance Specialist
M&Cs: 19-0109(August 27,2019)and 20-0275 (May 5,2020)
Form 1295:2019-521914
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH,TX
First Amcndmrnt to CSC 52965 2 of 3
Exhibit "A"
city of Fort Worth
Flee Yaw Sawa Plat
PuI)Oc Inwmrernwa District No,15•Fort Worth
■&Yea RwAaon
FY10R0 FY20121 FY21M FY22f" FY2124
REVENUES
PID Assasanats St02.!7_' 11104145 S107,372 $110,503 3113.911
Mdpw Reve rwa SIOZ122 SIK245 $107,372 f110,503 $113,911
Use o1 Fund Balance 55078
Total Revers" 11107,200 =104,245 11 07,372 $110,593 5113,011
EXPENSES
Maagement Fee 12000 12.000 12D00 12,ODO 12,000
Seeelty Erdnnoameres 73,000 73,DW 73,000 73.WO 73,OD0
E*4pmwt Ra+fal 8.5w 8.500 85DO 8.500 8,500
Trek MekiwKe 4 000 4.000 4,DW 4.000 4,000
knuranee 800 80o Goo eoo 800
Prlhsegrw Services 3.600 IWO 3,000 ISDO 3 6CO ,
Webstdsallwen 5111O 500 WO 500 000
Printing 3.000 250 250 250 250
Clly AdmkWlrativs Fee 2000 2.000 200o 2,OM 2.0011
BtdOw Eiparea 107.2W lot 104,450 104,4W 104,550
ConWltlon to Furl Balance
Toll Eipersea 3107.200 f18t450 $18050 3"4.450 $104,550
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first Amendment to CSC 52%5 3 of 3