HomeMy WebLinkAboutContract 59388-R1CSC No. 59388-R1
FIRST RENEWAL OF FORT WORTH
CITY SECRETARY CONTRACT NO.59338
This FIRST RENEWAL OF FORT WORTH CITY SECRETARY CONTRACT
NO.59338 ("Renewal") is made and entered into by and between the City of Fort Worth, a
home -rule municipal corporation of the State of Texas ("City"), acting herein by and through
Valerie Washington, its duly authorized Assistant City Manager, U3 Advisors, Inc. ("Vendor" or
"Contractor"), acting herein by and through Alex Feldman; it's duly authorized Managing
Director. City and Vendor are individually referred to as a "parry" and collectively referred to as
the "parties."
WHEREAS, City and Vendor are currently parties to an agreement wherein Vendor is
contracted to provide advisory services that support the City in its negotiation and development
of various agreements with the development team of Edgemoor+KDC ("Developer") (or its
created Special Purpose Entity) concerning the financing, design southeast quadrant of
downtown Fort Worth, herein referred to as Texas A&M — Fort Worth campus project (the
"Project"), identified as Fort Worth City Secretary Contract No.59338 (the "Agreement");
WHEREAS, the Agreement provides for a twelve-month initial term with up to three (3)
renewal terms at the discretion of the City;
WHEREAS, the initial term of the Agreement was for a period from May 03, 2023 to
May 02, 2024;
WHEREAS, before the conclusion of the initial term, the parties agreed to extend this
Agreement for the initial one-year renewal term. The parties hereby seek to formalize this
extension as the First Renewal, commencing on May 03, 2024, and concluding on May 02, 2025.
NOW, THEREFORE, KNOWN BY ALL THESE PRESENT, City and Vendor,
acting herein by and through their duly authorized representatives, enter into this Renewal as
follows:
Vendor Services Agreement
Between the City of Fort Worth OFFICIAL RECORD
And U3 Advisors CITY SECRETARY Page 1 of 3
FT. WORTH, TX
1.
The City and Vendor hereby agree to enter into this Renewal as permitted under
the Agreement, for a renewal term beginning on May 03, 2024, and ending on May 02, 2025.
2.
Except as expressly modified in this First Renewal, all other terms and conditions of the
Agreement shall remain in full force and effect.
[Signature Page Follows]
IN WITNESS WHEREOF, the par ies hereto have executed this Agreement in multiples.
CITY OF FORT WORTH:
CONTRACT COMPLIANCE MANAGER:
By signing, I acknowledge that I am the person
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responsible for the monitoring and administration
By: valerieWashfogtoo(mar7,2n2a1z20CST)
of this contract, including ensuring all performance
and reporting requirements.
Name: Valerie Washington
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Title: Assistant City Manager
By: .
Date: Mar 7, 2024 12024
Name: Erin L. Roden
Title: Sr. Contract Compliance Specialist
APPROVAL RECOMMENDED:
APPROVED AS TO FORM AND LEGALITY:
By: �
By:
Name: Roger Venables
Title: Aviation Systems Director Name: Jeremy Anato-Mensah
Title: Assistant City Attorney
ATTEST: o�Fogr°y�pd�
per'' °s°o CONTRACT AUTHORIZATION:
Owe '_' M&C: N/A
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By: FORM 1295: N/A
Name: Jannette Goodall
Title: City Secretary
VENDOR: U3 ADVISORS
By: 1.
Name: Alex Feldman
Title: Managing Director
Date: March 4 12024
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX