HomeMy WebLinkAboutContract 62037-A1CSC No. 62037-A1
AMENDMENT NO. 1
TO CITY OF FORT WORTH CONTRACT 62037
This Amendment is entered into by and between the City of Fort Worth (hereafter
"City"), and Mariner Institutional, LLC ("Vendor"). City and Vendor may be referred to
individually as a Party and collectively as the Parties.
WHEREAS, on September 18, 2024, the Parties entered into City Secretary Contract
62037 for Vendor to provide consulting services for the City's 457 Deferred Compensation Plan
("Agreement");
WHEREAS, the Parties wish to amend the Agreement to increase the total compensation
amount allowed under the Agreement by $10,000.00 for a new total annual amount up to
$57,500.00.
NOW, THEREFORE, the Parties, acting herein by and through their duly authorized
representatives, enter into the following agreement:
1.
AMENDMENTS
Section 3, the Compensation provision of the Agreement, shall be deleted in its entirety and
amended to read as follows:
City shall pay Vendor in accordance with the fee schedule in Exhibit B and in accordance with the
provisions of this Agreement. Total annual payment made under this Agreement will be an amount
up to Fifty -Seven Thousand Five Hundred Dollars ($57,500.00). After the first year, there will be
a three percent (3%) annual escalator. This fee shall be billed quarterly, in arrears. City will pay
invoices within 30 days of receipt. Vendor shall not provide any additional items or 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 shall not be liable for any additional
expenses of Vendor not specified by this Agreement unless City first approves such expenses in
writing.
2.
ALL OTHER TERMS SHALL REMAIN THE SAME
All other provisions of the Agreement which are not expressly amended herein shall
remain in full force and effect.
3.
ELECTRONIC SIGNATURE
This Amendment may be executed in multiple counterparts, each of which shall be
an original and all of which shall constitute one and the same instrument. A facsimile copy
or computer image, such as a PDF or tiff image, or a signature, shall be treated as and shall
have the same effect as anoriginal.
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
ACCEPTED AND AGREED:
CITY OF FORT WORTH:
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By: Dianna Giordano (Apr 15,2025 18:12 CDT)
Name: Dianna Giordano
Title: Assistant City Manager
Date: Apr 15, 2025
APPROVAL RECOMMENDED:
By:
Name: Holly Moyer
Title: Interim Director, Human Resources
ATTEST: an
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By:
Name: Jannette Goodall
Title: City Secretary
VENDOR:
Mariner Institutional LLC
By:
Name: Sara Searle
Title: Vice President, Compliance & CCO
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.
By:
Name: Meagan Hailey
Title: Human Resources Coordinator
APPROVED AS TO FORM AND LEGALITY:
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By:
Name: Jessika Williams
Title: Assistant City Attorney
CONTRACT AUTHORIZATION:
M&C: N/A (Professional Services)
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX