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HomeMy WebLinkAboutChandler 1st Contract AmendmentFIRST AMENDMENT TO THE AGREEMENT BY AND BETWEEN THE CITY OF NATIONAL CITY AND CHANDLER ASSET MANAGEMENT, INC. THIS FIRST AMENDMENT TO THE AGREEMENT, is entered into this 18th day of March, 2014, by and between the CITY OF NATIONAL CITY, a municipal corporation (the "CITY"), and Chandler Asset Management, Inc., a California Corporation (the "CONSULTANT"). RECITALS WHEREAS, the CITY and CONSULTANT entered into an Agreement on November 15, 2011, ("the Agreement") wherein the CONSULTANT agreed to provide investment management and advisory services for the City. WHEREAS, the Agreement expired on November 15, 2013. WHEREAS, the City desires to reinstate and extend the Agreement for an additional year to November 15, 2014. AGREEMENT NOW THEREFORE, the CITY and CONSULTANT agree as follows: 1. The Agreement is reinstated as of November 15, 2013; 2. The Agreement is extended for a one-year period from November 16, 2013 through November 15, 2014; and. 3. The parties agree that each and every term and provision of the Agreement dated November 15, 2011 not specifically amended shall remain in full force and effect. IN WITNESS THEREOF, the parties hereto have executed this First Amendment to the Agreement on the date and year first above written. CITY OF NATIONAL CITY By: Ron Morrison, Mayor APPROVED AS TO FORM: Claudia G. Silva City Attorney (Title) CHANDLER ASSET MANAGEME T, INC. (Corporation — signatures o wo corporate officers req ed) By: (Nae) F ' f I, b. L / S f L �. (Print) r;: U ; href jf.1.'u'c.ft1n.in O tit tY - (Title) By: t (Name) (Print) 000/mo