HomeMy WebLinkAboutContract 55795-AD2CSCO # 55795-AD2
City of Forth Worth
1120 South Fwy, Suite 106, Fort Worth, TX 76104
2242862 Trae Williams
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Second Addendum to License Agreement
This Second Addendum is made as of the date hereof by and between CoStar Realty
Information, Inc. ("CoStar" or "Licensor") and City of Forth Worth ("Licensee") and is executed
pursuant to and made a part of the License Agreement recorded with the Fort Worth City Secretary
as City Secretary Contract ("CSC") Number 55795, as addended by CSC 55795-A1, for the provision of
Licensor's commercial real estate information service(s) (the "License Agreement"). Any capitalized
term used in this Addendum and not otherwise defined has the meaning set forth in the License
Agreement.
NOW THEREFORE, Licensor and Licensee agree that the License Agreement is further addended
as follows:
1. The term of the License Agreement automatically renewed for an additional year
beginning on October 1, 2022 ("First Renewal Term").
2. Effective as of October 1, 2022, the License Fee for Licensee's existing services during
the First Renewal Term is $2,624.00 per month. City will make the first payment of $15,744.00 within
thirty (30) calendar days after City executes this Second Addendum, with the understanding that such
payment will cover services rendered from October 1, 2022 through March 31, 2023. The City will
make the remaining paying in accordance with the terms of the License Agreement.
3. Except as expressly provided above, all of the terms of the License Agreement will
remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Second Addendum on the day
and year setforth below and do each hereby warrant and represent that their respective signatories,
whose signatories appear below, have been and are on the date hereof duly authorized by all
necessary and appropriate action to execute this Second Addendum.
CoStar Realty Inform tion, Inc.: City of Fort Worth, Texas:
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By: }} L
Name: Scott Wheeler Name: William Johnson
Title: CFO Title: Assistant City Manager
Date: 3/23/2023 Date: Apr3,2023
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
APPROVED AS TO FORM AND LEGALITY:
Tyler F. Wallach
Assistant City Attorney
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By:
Jannette Goodall
City Secretary
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OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX