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HomeMy WebLinkAbout2024 CON HUB International Insurance Services Third Amendment - Insurance Brokerage ServicesDomain Envelope ID: 631A02D2-E83D-4C20-BB96-ADFCF65A5DCC THIRD AMENDMENT TO THE AGREEMENT BY AND BETWEEN THE CITY OF NATIONAL CITY AND HUB INTERNATIONAL INSURANCE SERVICES INC. THIS THIRD AMENDMENT TO THE AGREEMENT T is entered into this 1st day of February, 2024, by and between the CITY OF NATIONAL CITY, a municipal corporation ("CITY"), and HUB INTERNATIONAL INSURANCE SERVICES INC., a California corporation (the "CONTRACTOR"). RECITALS WHEREAS, S, the CITY and the CONTRACTOR entered into an Agreement on February 1, 2020 ("the Agreement"), wherein the CONTRACTOR agreed to provide insurance brokerage services; and WHEREAS, the duration of the Agreement was from February 1, 2020 through January 1, 2022, with the option to extend by mutual agreement upon the same terms and conditions for up to three one-year extensions, through January 31, 2025, with any extension of the Agreement subject to approval in writing by the City Manager; and WHEREAS, the First Amendment to the Agreement exercised the first of the three one-year options to extend the term of the Agreement to January 31, 2023; and WHEREAS, the Second Amendment to the Agreement exercised the second of the three one-year options to extend the term ofthe Agreement to January 31, 2024; and WHEREAS, the parties desire to amend the Agreement by exercising the third of the three one-year options to extend the term of the Agreement to January 31, 2025. AGREEMENT NOW, THEREFORE, the parties hereto agree that: . The February I, 2020 Agreement, as previously amended by the First and Second Amendments, is hereby amended by exercising the third of the three one- year options to further extend the term of the Agreement by one year to January 31, 2025. 2. The parties further agree that, with the foregoing exceptions, each and every other term and provision of the February 1, 2020 Agreement, as amended by the First and Second Amendments, shall remain in full force and effect. Amended Agreement Page 1 of2 City ofI atio .ai City and Revised July 2021 HUB international Insurance Services Inc. DocuSign Envelope ID: 631A32D2-E83D-4C20-BB96-ADFCF65A5DCC IN WITNESS WHEREOF, the Parties hereto have executed this Third Amendment to the Agreement on the date and year first above written. CITY OF NATIONAL CITY By: Benjamin A. Martinez, Ci Manager APPROVED AS TO FORM: By: Barry J. S City Attorney HUB INTERNATIONAL INSURANCE SERVICES INC. (Corporation - signatures of two corporate officers required) (Partnership or Sole proprietorship - one signature) B DocuSigned by: (ai n e) Shannon Taylor Pacific Region President, EB (TWO [locuSigned by: 4 4 :. ( nu!) Jesus Mendoza (Print) Senior vice President "Mile) Amended Agreement Page 2 of 2 City of National City and Revised July 2021 HUB International Insurance Services Inc,