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HomeMy WebLinkAbout062037-A2 - General - Contract - Mariner Institutional, LLCCSC No. 62037-A2 AMENDMENT NO.2 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 $20,000.00 for a new total annual amount up to $81,000.00. WHEREAS, the Parties desire to exercise the first renewal term in accordance with the Agreement; NOW, THEREFORE, the Parties, acting herein by and through their duly authorized representatives, enter into the following agreement: 1. AMENDMENTS Section 2, Term provision of the Agreement, shall be deleted in its entirety and amended to read as follows: The Parties agree to renew the Agreement for the first renewal term, extending the expiration date to September 18, 2027. All other terms and conditions of the Agreement remain unchanged and in full force and effect. Pursuant to the Agreement, the second renewal term shall automatically renew, extending the Agreement through September 18, 2028, unless either party provides written notice of non - renewal at least thirty (30) days prior to the expiration of the first renewal term. Section 3, the Compensation provision of the Agreement, shall be deleted in its entirety and amended to read as follows: The total annual compensation under this Agreement shall not exceed Eighty -One Thousand Dollars ($81,000.00). This amount includes a fixed three percent (3%) annual increase applied at each renewal term. In addition, the Agreement may allow for annual adjustments related to inflationary cost increases, based on current market conditions and applicable Consumer Price Index (CPI) data, subject to City review and written approval. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Fees shall be invoiced quarterly in arrears, and emailed to: Supplierinvoices(afortworthtexas.gov and the City shall remit payment within thirty (30) days of receipt of a correct invoice. Vendor shall not provide additional goods or services, nor invoice the City for expenses not expressly authorized under this Agreement, unless the City provides prior written approval for such additional costs. The City shall not be responsible for payment of any expenses that have not been approved in writing in advance. 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. Signature page follows CITY OF FORT WORTH: Dianna Giordano (Jun 9, 2026 18:33:49 CDT) ame: Dianna Giordano Ole: Assistant City Manager Date: 06/09/2026 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. 18-fi '?Zo-c�- IVAL ame: Erin Roden Title: Human Resources Purchasing MMENDED: Supervisor �a.dto�i ISM.& Kristen Smith Human Resources Director Q.00vvpIlIl TTEST: �po� FORTlo aa 4 Pv8 �=d IIII nEXpsoa4 y: fame: Jannette Goodall itle: City Secretary VENDOR: Mariner Institutional, LLC Date: April St h , 2026 By: -42E �Ov — Name: Sara Searle Title: Vice President, Compliance, & CCO APPROVED AS TO FORM AND LEGALITY: By:� I eanan vlarnews Hall (Jun 326 1 2TMT) Name: Keanan Matthews Hall Title: Sr. Assistant City Attorney CONTRACT AUTHORIZATION: M&C: N/A ( Professional Services) Form 1295: OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX FORT WORTH. City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: Mariner Institutional, LLC Subject of the Agreement: provide consulting services for the City's 457 Deferred Compensation Plan verification services NA 0 NA M&C Approved by the Council? * Yes ❑ No If so, the M&C must be attached to the contract. Is this an Amendment to an Existing contract? Yes ❑ No © NA If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes ❑ No IZI If unsure, see back page for permanent contract listing. Is this entire contract Confidential? *Yes ❑ No © If only specific information is Confidential, please list what information is Confidential and the page it is located. NA NA Effective Date: September 18, 2025 If different from the approval date. Expiration Date: September 17, 2026 If applicable. Is a 1295 Form required? * Yes ❑ No *If so, please ensure it is attached to the approving M&C or attached to the contract. Project Number: If applicable. NA *Did you include a Text field on the contract to add the City Secretary Contract (CSC) number? Yes © No ❑ Contracts need to be routed for CSO processing in the following order: 1. Katherine Cenicola (Approver) 2. Jannette S. Goodall (Signer) 3. Allison Tidwell (Form Filler) *Indicates the information is required and if the information is not provided, the contract will be returned to the department. Signature: A��Z-a,", Email: Kelly. Lane@fortworthtexas.gov