Loading...
HomeMy WebLinkAbout2021 CON Keyser Marston Associates, Inc - consulting services - First AmendmentAMENDMENT TO THE AGREEMENT BY AND BETWEEN THE CITY OF NATIONAL CITY AND KEYSER MARSTON ASSOCIATES, INC. THIS FIRST AMENDMENT TO THE AGREEMENT is entered into this 30th day of September 2021, by and between the CITY OF NATIONAL CITY, a municipal corporation ("CITY"), and KEYSER MARSTON ASSOCIATES, INC., a real estate and affordable housing financial consultant (the "CONSULTANT"). RECITALS WHEREAS, the CITY and the CONSULTANT entered into an Agreement on July 6, 2020 '("the Agreement"), wherein the CONSULTANT agreed to provide as -needed consulting services related to proposed affordable housing developments, transaction structuring, and policy evaluation. WHEREAS, the Agreement's original term is for a twelve (12) month period through June 30, 2021, for a not -to -exceed amount of $50,000.00. WHEREAS, the Agreement allows for an extension of the Agreement for one year and such extension. is contingent upon mutual agreement between the CITY and the CONSULTANT. WHEREAS, the parties desire to amend the Agreement by extending the term for one year, expiring June 30, 2022. AGREEMENT NOW, THEREFORE, the parties hereto agree as follows: 1. The Agreement entered into on July 6, 2020, is hereby amended to extend the term of the Agreement for one (1) year, expiring June 30, 2022. 2. The City Manager is authorized, pursuant to the Agreement, to extend the term of the Agreement for an additional one-year term by mutual agreement between the CITY and the CONSULTANT. 3. The CITY and the CONSULTANT further agree that the provisions of the Agreement executed on July 6, 2020 shall remain in full force and effect with the extension. Amended Agreement Page 1 of 2 City of National City and Revised March 2021 Keyser Marston Associates, Inc. IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to the Agreement on the date and year first above written. CITY OF NATIONAL CITY KEYSER MARSTON ASSOCIATES, INC. By:. By: Bract Raulston City Manager APPROVED AS TO FORM: By: Charles E. Bell Jr. City Attorney Paul Marra Vice President, Managing Principal Amended Agreement Page 2 of 2 City of National City and Revised March 2021 Keyser Marston Associates. Inc.