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HomeMy WebLinkAboutContract 55656City Secretary ContractNo.l 55656 j ��� ����� VENDOR SERVICES AGREEMENT This VENDOR SERVICFS AGREEMENT ("Agreement") is made and entered into by and between the CITY OF FORT WORTH ("City"), a Texas home rule municipal corporation, acting by and through its duly authorized Assistant City Manager, and TIP STRATEGIFS, INC. ("Vendor"), a Texas corporation, and acting by and through its duly authorized representative, each individually referred to as a "party" and collectively referred to as the "parties." L Scope of Services. Vendor agrees to review and update the City's 2017 Economic Development Strategic Plan as set forth in more detail in Exhibit "A," attached hereto and incorporated herein for all purposes ("Services"). 2. Term. This Agreement begins on Apri126, 2021("Effective Date") and expires on August 31, 2021 ("Expiration Date"), unless terminated earlier in accordance with this Agreement ("Term"). 3. Compensation. 3.1 Total compensation under this Agreement will not exceed Ninety-Five Thousand Dollars and No Cents ($95,000.00). 3.2 City will pay Vendor in accordance with the Prompt Payment Act (Chapter 2251 of the Texas Government Code) and provisions of this Agreement, including Exhibit "B," which is attached hereto and incorporated herein for allpurposes. 3.3 Vendor will not perform any additional services or bill for expenses incurred for City not specified by this Agreement unless City requests and approves in writing the additional costs for such services. City will not be liable for any additional expenses of Vendor not specified by this Agreement unless City first approves such expenses in writing. 4. Termination. 4.1. Written Notice. City or Vendor may terminate this Agreement at any time and for any reason by providing the other party with 30 days' written notice of termination. 4.2 Non-appropriation of Funds. In the event no funds or insufficient funds are appropriated by City in any fiscal period for any payments due hereunder, City will notify Vendor of such occurrence and this Agreement will terminate on the last day of the fiscal period for which appropriations were received without penalty or expense to City of any kind whatsoever, except as to the portions of the payments herem agreed upon for which funds have been appropriated. Vendor Services Agreement OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX 4.3 Duties and Obli�ations of the Parties. In the event that this Agreement is terminated prior to the Expiration Date, City will pay Vendor for services actually rendered up to the effective date of termmation and Vendor will continue to provide City with services requested by City and in accordance with this Agreement up to the effective date of termination. Upon termination of this Agreement for any reason, Vendor will provide City with copies of all completed or partially completed documents prepared under this Agreement. In the event Vendor has received access to City Information or data as a requirement to perform services hereundex, Vendor will return all City provided data to City in a machine readable format or other format deemed acceptable to City. Disclosure of Conflicts and Confidential Information. 5.1 Disclosure of Conflicts. Vendor hereby warrants to City that Vendor has made fuIl disclosure in writing of any existmg or potential conflicts of interest related to Vendor's services under this Agreement. In the event that any conflicts of interest arise after the Effective Date of this Agreement, Vendor hereby agrees immediately to make full disclosure to City in writing. 5.2 Confidential Information. Vendor, for itself and its officers, agents and employees, agrees that it will treat all information provided to it by City ("City Information") as confidential and will not disclose any such information to a third party without the prior written approval of City. 5.3 Public Information Act. City is a government entity under the laws of the State of Texas and all documents held or maintained by City are subject to disclosure under the Texas Public Information Act. In the event there is a request for information marked Confidential or Proprietary, City will promptly notify Vendor. It will be theresponsibility of Vendor to submitreasons objecting to disclosure. A determination on whether such reasons are sufficient will not be decided by City, but by the Office of the Attorney General of the State of Texas or by a court of competent jurisdiction. 5.4 Unauthorized Access. Vendor must store andmaintain City Information in a secure manner and will not allow unauthorized users to access, modify, delete or otherwise corrupt City Information m any way. Vendor must notify City immediately if the security or integrity of any City Information has been compromised or is believed to have been compromised, in which event, Vendor will, in good faith, use all commercially reasonable efforts to cooperate with City in identifying what information has been accessed by unauthorized means and will fully cooperate with City to protect such City Information from further unauthorized disclosure. 6. Ri�ht to Audit. Vendor agrees that City will, until the expiration of three (3) years after final payment under this Agreement, or the final conclusion of any audit commenced during the said three years, have access to and the right to examine at reasonable times any directly pertinent books, documents, papers and records, including, but not limited to, all electronic records, of Vendor involving transactions relating to this Agreement at no additional cost to City. Vendor agrees that City will have access during normal working hours to all necessary Vendor facilities and will be provided adequate and appropriate work space in order to conduct audits in compliance with the provisions of this section. City will give Vendor reasonable advance notice of intended audits. 7. Independent Contractor. It is expressly understood and agreed that Vendor will operate as an independent contractor as to all rights and privileges and work performed under this Agreement, and not as agent, representative or employee of City. Subject to and in accordance with the conditions and Vendor Services Agreement Page 2 of12 provisions of this Agreement, Vendor will have the exclusive right to controlthe details of its operations and activities and be solely responsible for the acts and omissions of its officers, agents, servants, employees, Vendors, and subcontractors. Vendor acknowledges that the doctrine of respondeat superior will not apply as between City, its officers, agents, servants and employees, and Vendor, its officers, agents, employees, servants, contractors, and subcontractors. Vendor further agrees that nothing herein will be construed as the creation of a partnership or joint enterprise between City and Vendor. It is further understood that City will in no way be considered a Co-employer or a Joint employer of Vendor or any officers, agents, servants, employees, contractors, or subcontractors. Neither Vendor, nor any officers, agents, servants, employees, contractors, or subcontractors of Vendor will be entitled to any employment benefits from City. Vendor will be responsible and liable for any and all payment and reporting of taxes on behalf of itself, and any of its officers, agents, servants, employees, contractors, or contractors. Liability and Indemnification. 8.1 LIABILITY - VENDOR WILL BE LIABLE AND RESPONSIBLE FOR ANY AND ALL PROPERTY LOSS, PROPERTY DAMAGE AND PERSONAL INJURY, INCL UDING, INCL UDING, BUT NOT LIMI7'ED TO, DEATH, TO ANY AND ALL PERSONS, OFANY KIND OR CHARACTER, WHETHER REAL OR ASSERTED, TO THE EXTENT CAZISED BY THE NEGLIGENT ACT(S) OR OMISSION(S), MALFEASANCE OR INTENTIONAL M7SCONDUCT OF VENDOR, ITS OFFICERS, REPRESENTATNES, AGENTS, SERVANTS, EMPLOYEES, CONTRACTORS, OR SUBCONTRACTORS. 8.2 GENERAL INDEMNIFICATION - VENDOR HEREBY COVENANTS AND AGREES TO INDENINIFY, HOLD HARMLESS, AND DEFEND CITY, ITS OFFICERS, AGENTS, REPRESENTATIVES, SERVANTS, AND EMPLOYEES, FROM AND AGAINST ANY AND ALL CLAIMS OR LAWSUITS OF ANY KIND OR CHARACTER, WHETHER REAL OR ASSERTED, FOR EITHER PROPERTY DAMAGE OR LOSS (INCLUDING ALLEGED DAMAGE OR LOSS TO VENDOR'S BUSINESS AND ANY RESULTING LOST PROFITS) AND PERSONAL INJURY, INCL UDING, BUT NOT LIMITED TO, DEATH, TO ANY AND ALL PERSONS, ARISING OUT OF OR IN CONNECTION WITH TH7S AGREEMENT, TO THEEXTENT CAUSED BY THE NEGLIGENT ACTS OR OMISSIONS OR MAL FEASANCE OF VENDOR, TlS OFFICERS, AGENTS, REPRSENTATIVES, SERYANTS, EMPLOYEES, CONTRACTORS, OR SUBCONTRACTORS. 8.3 INTELLECTUAL PROPERTY INDEMNIF7CATION — Vendor agrees to defend, settle, or pay, at its own cost and expense, any claim or action against City for infringement of any patent, copyright, trade mark, trade secret, or similar property right arising from City's use of the software or documentation in accordance with this Agreement, it being understood that this agreement to defend, settle or pay will not apply if City modifies or misuses the software and/or documentation. So long as Vendor bears the cost and expense of payment for claims or actions against City pursuant to this section, Vendor will have the right to conduct the defense of any such claim or action and all negotiations for its settlement or compromise and to settle or compromise any such claim; however, City will have the right to fully participate in any and all such settlement, negotia�ons, or lawsuit as necessary to protect City's interest, and City agrees to cooperate with Vendor in doing so. In the event City, for whatever reason, assumes the responsibility for payment of costs and expenses for any claim or action brought against C�ty for infringement arising under this Agreement, C�ty will have the sole right to conduct the defense of any such claim or action and all negotiations for its settlement or compromise and to settle or compromise any such claim; however, Vendor will fully participate and cooperate with City in defense of such claim or action. Vendor Services Agreement Page 3 of12 City agrees to give Vendor timely written notice of any such claim or action, with copies of all papers City may receive relating thereto. Notwithstanding the foregoing, City's assumption of payment of costs or expenses will not eliminate Vendor's duty to indemnify City under this Agreement. If the software and/or documentation or any part thereof is held to infringe and the use thereof is enjoined or restrained or, if as a result of a settlement or compromise, such use is materiaIly adversely restricted, Vendor will, at its own expense and as City's sole remedy, either: (a) procure for City the right to continue to use the software and/or documentation; or (b) modify the software and/or documentation to make it non- infringing, provided that such modification does not materially adversely affect City's authorized use of the software and/or documentation; or (c) replace the software and documentation with equally suitable, compatible, and functionally equivalent non-infringing software and documentation at no additional charge to City; or (d) if none of the foregoing alternatives is reasonably available to Vendor terminate this Agreement, and refund all amounts paid to Vendor by City, subsequent to which termination City may seek any and all remedies available to City under law Assignment and Subcontracting. 9.1 Assi�nment. Vendor will not assign or subcontract any of its duties, obligations or rights under this Agreement without the prior written consent of City. If City grants consent to an assignment, the assignee will execute a written agreement with City and Vendor under which the assignee agrees to be bound by the duties and obligations of Vendor under this Agreement. Vendor will be liable for all obligations of Vendor under this Agreement prior to the effective date of the as s ignment. 9.2 Subcontract.IfCitygrantsconsenttoasubcontract,thesubcontractorwillexecute a written agreement with Vendor referencing this Agreement under which subcontractor agrees to be bound by the duties and obligations of Vendor under this Agreement as such duties and obligations may apply. Vendor must provide City with a fully executed copy of any such subcontract. 10. Insurance. Vendor must provide City with certificate(s) of insurance documenting policies ofthe following types and minimum coverage limits that areto be in effectpriorto commencement of any Services pursuant to this Agreement: 10.1 Coverage and Limits (a) Commercial General Liability: $1,000,000 - Each Occurrence $2,000,000 - Aggregate (b) Automobile Liability: $1,000,000 - Each occurrence on a combined single limit basis Coverage will be on any vehicle used by Vendor, or its employees, agents, or representatives in the course of providmg Services under this Agreement. "Any vehicle" will be any vehicle owned, hired and non-owned. Vendor Services Agreement Page 4 of12 (c) Worker's Compensation: Statutory lunits according to the Texas Workers' Compensation Act or any other state workers' compensation laws where the Services are being performed Employers' liability $100,000 - Bodily Injury by accident; each accident/occurrence $100,000 - Bodily Injury by disease; each employee $500,000 - Bodily Injury by disease; policy limit (d) Professional Liability (Errors & Omissions): � Applicable� N/A $1,000,000 - Each Claim Limit $1,000,000 - Aggregate Limit Professional Liability coverage may be provided through an endorsement to the Commercial General Liability (CGL) policy, or a separate policy specific to Professional E&O. Either is acceptable if coverage meets all other requirements. Coverage must be claims-made, and maintained for the duration of the contractual agreement and for two (2) years following completion of services provided. An annual certificate of insurance must be submitted to City to evidence coverage. 10.2 General Requirements (a) The commercial general liability and automobile liability policies must name City as an additional insured thereon, as its interests may appear. The term City includes its employees, officers, officials, agents, and volunteers in respect to the contracted services. (b) The workers' compensation policy must include a Waiver of Subrogation (Right of Recovery) in favor of City. (c) A minimum of Thirty (30) days' notice of cancellation or reduction in limits of coverage must be provided to City. Ten (10) days' notice will be acceptable in the event of non-payment of premium. Notice must be sent to the Risk Manager, City of Fort Worth, 200 Texas Street, Fort Worth, Texas 76102, with copies to the Fort Worth City Attorney at the same address. (d) The insurers for all policies must be licensed and/or approved to do business in the State of Texas. All insurers must have a minimum rating of A- VII in the current A.M. Best Key Rating Guide, or have reasonably equivalent financial strength and solvency to the satisfaction of Risk Management. If the rating is below that required, written approval of Risk Management is required. (e) Any failure on the part of City to request required insurance documentation will not constitute a waiver of the insurance requirement. Vendor Services Agreement Page 5 of12 (f) Certificates of Insurance evidencing that Vendor has obtained allrequired insurance will be delivered to the City prior to Vendor proceeding with any work pursuant to this Agreement. 11. Compliance with Laws, Ordinances, Rules and Re�ulations. Vendor agrees that in the performance of its obligations hereunder, it will comply with all applicable federal, state and local laws, ordinances, rules and regulations and that any work it produces in connection with this Agreement will also comply with all applicable federal, state and local laws, ordinances, rules and regulations. If City notifies Vendor of any violation of such laws, ordinances, rules or regulations, Vendor must immediately desist from and carrect the violation. 12. Non-Discrimination Covenant. Vendor, for itself, its personal representatives, assigns, contractors, subcontractors, and successors in interest, as part of the consideration herein, agrees that in the performance of Vendor's duties and obligations hereunder, it will not discriminate m the treatment or employment of any individual or group of individuals on any basis prohibited by law. IF ANY CLAIM ARISES FROM AN ALLEGED VIOLATION OF TEIIS NON-DISCRIMINATION COVENANT BY VENDOR, ITS PERSONAL REPRFSINTATIVFS, ASSIGNS, CONTRACTORS, SUBCON'IRACTORS, OR SUCCFSSORS IN INTERFST, VENDOR AGREFS TO ASSUME SUCH LIABILITY AND TO INDEMNIFY AND DEFEND CITY AND HOLD CITY HARMLES S FROM SUCH CLAIM. 13. Notices. Notices required pursuant to the provisions of this Agreement will be conclusively determined to have been delivered when (1) hand-delivered to the other party, its agents, employees, servants or representatives, (2) delivered by facsimile with electronic confirmation of the transmission, ar(3) received by the other party by United States Mail, registered, return receipt requested, addressed as follows: To CITY: City of Fort Worth Attn: Assistant City Manager 200 Texas Street Fort Worth, TX 76102-6314 Facsimile: (817) 392-8654 �:f����� TIP Strategies, Inc. Tom Stellman, CEO/Founder 2905 San Gabriel Street, Ste. 205 Austin Texas 78705 Facsimile: (512) 343-9113 With copy to Fort Worth City Attorney's Office at same address 14. Solicitation of Employees. Neither City nor Vendor will, during the term of this Agreement and additionally for a period of one year after its termination, solicit for employment or employ, whether as employee or independent contractor, any person who is or has been employed by the other during the term of this Agreement, without the prior written consent of the person's employer. Notwithstanding the foregoing, this provision will not apply to an employee of either party who responds to a general solicitation of advertisement of employment by either party. 15. Governmental Powers. It is understood and agreed that by execution of this Agreement, City does not waive or surrender any of its governmental powers or immunities. Vendor Services Agreement Page 6 of12 16. No Waiver. The failure of City or Vendor to insist upon the performance of any term or provision of this Agreement or to exercise any right granted herein does not constitute a waiver of City's or Vendor's respective right to insist upon appropriate performance or to assert any such right on any future occasion. 17. Governin� Law / Venue. This Agreement willbe construed in accordance with the laws of the State of Texas. If any action, whether real or asserted, at law or in equity, is brought pursuant to this Agreement, venue for such action will lie in state courts located in Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division. 18. Severability. If any provision of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired. 19. Force Majeure. City and Vendor will exercise their best efforts to meet their respective duties and obligations as set forth in this Agreement, but will not be held liable for any delay or omission in performance due to force majeure or other causes beyond their reasonable control, includmg, but not limited to, compliance with any government law, ordinance, or regulation; acts of God; acts of the public enemy; fires; strikes; lockouts; natural disasters; wars; riots; epidemics or pandemics; government action or inaction; orders of government; material or labor restrictions by any governmental authority; transportation problems; restraints or prohibitions by any court, board, department, commission, or agency of the United States or of any States; civil disturbanc es; other national or regional emergencies; or any other similar cause not enumerated herein but which is beyond the reasonable control of the Party whose performance is affected (collectively, "Force Majeure Event"). The performance of any such obligation is suspended during the period of, and only to the extent of, such prevention or hindrance, provided the affected Party provides notice of the Force Majeure Event, and an explanation as to how it prevents or hinders the Party's performance, as soon as reasonably possible after the occurrence of the Farce Majeure Event, with the reasonableness of such notice to be determined by the City in its sole discretion. The notice required by this section must be addressed and delivered in accordance with Section 13 of this Agreement. 20. Headin�s not Controllin�. Headings and titles used in this Agreement are for reference purposes only, will notbe deemed a part of this Agreement, and are not intended to define or limit the scope of any provision of this Agreement. 21. Review of Counsel. The parties acknowledge that each party and its counsel have reviewed and revised this Agreement and that the normal rules of construction to the effect that any ambiguities are to be resolved against the drafting party will not be employed in the mterpretation of this Agreement or Exhibits A, B, and C. 22. Amendments / Modifications / Fxtensions. No amendment, modification, or extension of this Agreement will be binding upon a party hereto unless set forth in a written instrument, which is executed by an authorized representative of each party. 23. Counterparts. This Agreement may be executed in one or more counterparts and each counterpart will, for all purposes, be deemed an original, but all such counterparts will together constitute one and the same instrument. 24. Warrantyo uf Services. Vendor warrants that its services will be of a high quality and conform to generally prevailing industry standards. City must give written notice of any breach of this warranty within thirty (30) days from the date that the services are completed. In such event, at Vendor's Vendor Services Agreement Page 7 of12 option, Vendor will either (a) use commercially reasonable efforts to re-perform the services in a manner that conforms with the warranty, or (b) refund the fees paid by City to Vendor for the nonconforming services. 25. Immi�ration Nationality Act. Vendor must verify the identity and employment eligibility of its employees who perform work under this Agreement, including completing the Employment Eligibility Verification Form (I-9). Upon requestby City, Vendar will provide City with copies of all I-9 forms and supporting eligibility documentation for each employee who performs work under this Agreement. Vendor must adhere to all Federal and State laws as well as establish appropriate procedures and controls so that no services will be performed by any Vendor employee who is not legally eligible to perform such services. VINDOR WILL INDEMNIFY CITY AND HOLD CITY HARMLFSS FROM ANY PENALTIES, LIABILITIES, OR LOSSES DUE TO VIOLATIONS OF THIS PARAGRAPH BY VENDOR, VENDOR'S EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, OR AGENTS. City, upon written notice to Vendor, will have the right to immediately terminate this Agreement for violations of this provision by Vendor. 26. Ownership of Work Product. City will be the sole and exclusive owner of all reports, work papers, procedures, guides, and documentation that are created, published, displayed, or produced � conjunction with the services provided under tl�is Agreement (collectively, "Work Product"). Further, Cily will be the sole and exclusive owner of all copyright, patent, trademark, trade secret and other proprietary rights in and to the Wark Product. Ownership of the Work Product will inure to the benefit of City from the date of conception, creation or fixation of the Work Product in a tangible medium of expression (whichever occurs first). Each copyrightable aspect of the Work Product will be considered a"work-mad� for-hire" within the meaning of the Copyright Act of 1976, as amended. If and to the extent such Wark Product, or any part thereof, is not considered a"wark-made-for-hire" within the meaning of the Copyright Act of 1976, as amended, Vendor hereby expressly assigns to City all exclusive right, title and interest in and to the Work Product, and all copies thereof, and in and to the copyright, patent, trademark, trade secret, and all other proprietary rights therein, that City may ha�e or obtain, without further consideration, free from any claim, lien for balance due, or rights of retention thereto on the part of City. 27. Si�nature Authority. The person signing this Agreement hereby warrants that they haue the legal authority to execute this Agreement on behalf of the respective party, and that such binding authority has been granted by proper order, resolution, ordmance or other authorization of the entity. Thi� Agreement and any amendment hereto, may be executed by any authorized representative of Vendor. Each party is fully entitled to rely on these warranties and representations in entering into this Agreement or any amendment hereto. 28. Chan�e in Company Name or Ownership. Vendor must notify City's Purchasing Manager, in writing, of a company name, ownership, or address change for the purpose of maintaining updated City records. The president of Vendor or authorized official must sign the letter. A letter indicating changes in a company name or ownership must be accompanied with supporting legal documentation such as an updated W-9, documents filed with the state indicating such change, copy of the board of director's resolution approving the action, or an executed merger or acquisition agreement. Failure to provide the specified documentation so may adversely impact future invoice payments. 29. No Boycott of IsraeL If Vendor has fewer than 10 employees or this Agreement is for less than $100,000, this section does not apply. Vendor acknowledges that in accordance with Chapter 2271 of the Texas Government Code, the City is prohibited from entering into a contract with a company for goods or services unless the contractcontains awritten verification from the company that it: (1) does notboycottIsrael; and (2) will notboycottIsraelduring the term ofthe contract. Theterms "boycottIsraeP' Vendor Services Agreement Page 8 of12 and "company" has the meanings ascribed to those terms in Section 2271 of the Texas Government Code. By signing this Agreement, Vendor certifies that Vendor's signature provides written verification to the City that Vendor: (1) does not boycott Israel; and (2) will not boycott Israel during the term of the Agreement. 30. Electronic Si�natures. This Agreement may be executed by electronic signature, which will be considered as an original signature for allpurposes and have the same force and effect as an original signature. For these purposes, "electronic signature" means electronically scanned and transmitted versions (e.g. viapdf file or facsimile transmission) of an original signature, or signatures electronically inserted via software such as Adobe Sign. 31. Entirety of A�reement. This Agreement contains the entire understanding and agreement between City and Vendor, their assigns and successors in interest, as to the matters contained herein. Any prior or c ontemporaneous oral or written agreement is hereby dec lared null and void to the extent m c onflict with any provision of this Agreement. (signature page follows) Vendor Services Agreement Page 9 of12 IN WITNE.SS WHII2EOF, the parties hereto have executed this Agreement in multiples. City: �' Name: Title: Date: Je$us J. DigitallysignedbyJesusJ. Chapa Chapa OSppz021042808:52:09 Jay Chapa Deputy City Manager Vendor: Digitally signed by Tom �++ Stellman T�m Jlellman Date 2021 04 20 17:48:43 Th,: -O5'00' �-�.r Name: Tom Stellman Title: CEO/Founder Date: FOR CITY OF FORT WORTHINTERNAL PROCESSES: Approval Recommended: Digitally signed by Robert Sturns Robert Sturns oa=e:2o2,.04.22�5:34:32 -�5���� BY: Name: Robert Sturns Title: Director, Economic Development Approved as to Form and Legality T��er VVa��aC� DigitallysignedbyTylerWallach Date: 2021.04.23 08:1534 -O5'00' �• Name: �'yler F. Wallach J Title: Assistant City Attorney Contract Authorization: M&C: jN� Form 1295:�N� Contract Compliance Manager: By signing I acknowledge that I am the person responsible for the monitoring and admmistration of this contract, including ensuring all performance and reporting requirements. Brenda L. H�CkS- DigitallysignedbyBrendaL. Hicks-Sarensen Sorensen Date:2021.04.2116:46:05 Rc �. -05'00' '-'.Y Name: Brenda Hicks-Sorensen Title: Assistant Director, Economic Development City Secretary: By: ��/������� (� Name: Mary Kayser Title: City Secretary OFFICIAL RECORD Vendor Services Agreement CITY SECRETARY FT. WORTH, TX City Secretary ContractNo.l I EXHIBIT A SCOPE OF SERVICES 1. DISCOVERY � What has changed in the last three years? In light of the COVID-19 pandemic, what trends are likely to affect the City going forward? • Project kickoff. Vendor will facilitate a priority-setting conference call with the City to discuss objectives and expectations. • Current conditions. Vendor will prepare a targeted assessment of data and trends integral to re- visiting the plan. • Organizational update. Vendor will interview key personnel to discuss any changes to the City's mission, vision, and major initiatives, as well as any potential challenges or opportunities. TIP can also conduct roundtables with key stakeholders and partners to solicit input on the update. 2. OPPORTUNITY � What new opportunities are open to the City? Which opportunities are no longer relevant? • Goals & objectives. Vendor will collaborate with city staff to conduct a review of the existing plan's goals and objectives. • Tar�et industry refresh. Vendor willrevisit the established sectors and emerging opportunities identified in the 2017 Economic Development Strategic Plan to evaluate how these sectors have been impacted by the pandemic and associated economic uphea�al. • Equity and inclusion. Emphasis will be placed on ensuring the strategies and recommendations in the 2017 Economic Development Strategic Plan are approached through an equity lens. Vendor's current work establishmg an Office of Economic Equity and Opportunity for Harris County will help to inform this work. • Strate�ies. Once the goals and objectives have been confirmed, Vendor will work closely with City staff to build out a matrvc showing current strategies and suggested revisions. IMPLEMENTATION � How ha�e the City's priorities and resources changed? • Recommendations. Vendor will present its findings in an abbreviated written document. Vendor will also collaborate with City staff to prepare an updated implementation matriY. • Rollout presentation. Vendor will prepare a PowerPoint summarizing key findings and highlighting any significant change in direction. If requested by the City, Vendor will also participate in a rollout presentation to the City leadership Vendor Services Agreement Page 11 of12 City Secretary ContractNo.l I EXHIBIT B PAYMEI�IT SCHEDULE COMPINSATION. 1.1 Total compensation will not exceed Ninety-Five Thousand Dollars and Zero Cents ($95,000.00) for all Services performed under this Agreement. Subject to Section 3 of the Agreement, City will pay Vendor in the following installments set forth below: a. Nineteen Thousand Dollars and No Cents ($19,000.00) within thirty (30) calendar days after execution of this Agreement by the City. b. Nineteen Thousand Dollars and No Cents ($19,000.00) after the City receives and approves of an invoice for all Services performed in June of 2021. c. Nineteen Thousand Dollars and No Cents ($19,000.00) after the City receives and approves of an invoice for all Services Performed m July of 2021. d. Nineteen Thousand Dollars and No Cents ($19,000.00) after the City receives and approves of an invoice for all Services Performed in August of 2021. e. Nineteen Thousand Dollars and No Cents ($19,000.00) after Vendor's completion of all of the Services, City's review and acceptance of the same, and receipt and approvalby the City of an invoice. 1.2 Upon completion of each of the milestones listed in Exhibit B, Section 1(a) —(e), the Vendor will provide the City with a fee invoice summarizing the portion of the Services that have been completed. If the City requires additional reasonable information, it will request the same promptly after receiving the above information, and the Vendor will provide such additional reasonable information to the extent the same is available. Invoices mustbe submitted to the City ofFort Worth, Economic Development Department, Brenda Hicks-Sorensen, 1150 South Freeway, Ste. 106, Fort Worth, Texas 76104. Vendor Services Agreement Page 12 of12