Reso 2020-3052 - Laserfiche WebLink

Home Browse Search

• • : FIRST AMENDMENT TO THE AGREEMENT BETWEEN THEE CITY OF SUNNY ISLES BEACH AND PFM FINANCIAL ADVISORS, LLC CONTRACT NO. C6411-1617-040 This First Amendment to the Agreement between. the CITY OF SUNNY ISLES BEACH ("City") and PFM FINANCIAL ADVISORS, LLC ("Consultant") executed this day of , 2020, is made a part of the original Agreement ("Agreement") dated March 16, 2017, between the City and Consultant, a copy of which attached hereto as Attachment "A", whose Federal Identification# is 81-1642787. The City and Consultant hereby agree as follows: 1. OPTION TO RENEW. The City hereby wishes to exercise its first. option to renew the Agreement for two (2) years in accordance with Section 3 of the original Agreement which was entered on March 16, 2017 and which is, incorporated herein by reference. The City shall have the option to extend this Agreement for one(1)additional two(2)year renewal term. 2. ADDITIONAL COMPENSATION. The City wishes to amend Section 5 of the Agreement ("Compensation"); to provide additional compensation for this two (2) year renewal term in the amount not to exceed Fifty Thousand Dollars($50,000.00)per year, for a total of One Hundred Thousand Dollars ($1.00,000.00) for the two-year renewal term. This amount will bring the total contract amount not to exceed Two Hundred Fifty Thousand Dollars($250,000.00). 3. PROHIBITION AGAINST CONTRACTING WITH SCRUTINIZED COMPANIES. Pursuant to Florida Statutes Section 217.4725,contracting with any entity that is listed on the Scrutinized Companies that Boycott Israel List or that is engaged in the boycott of Israel is prohibited. Contractors must certify that the company is not participating in a boycott of Israel.Any contract for goods or services of One Million Dollars ($1,000,000) or more shall be terminated at the City's option if it is discovered that the entity submitted false documents of certification, is listed on the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List,or has been engaged in business operations in Cuba or Syria after July 1,2018. Any contract entered into or renewed after July 1, 2018 shall be terminated at the City's option if the company is listed on the Scrutinized Companies that Boycott Israel List or engaged in the boycott of Israel. Contractors must submit the certification that is attached to this agreement as Attachment "B". Submitting a false certification shall be deemed a material breach of contract. The City shall provide notice, in writing, to the Contractor of the City's determination concerning the false certification. The Contractor shall have ninety (90) days following receipt of the notice to respond in writing and demonstrate that the determination was in error. If the Contractor does not demonstrate that the City's determination of false certification was made in error, then the City shall have the right to terminate the contract and seek civil remedies pursuant to Florida Statute Section 215.4725. 4. OTHER PROVISIONS REMAIN IN EFFECT. Except as specifically modified herein, all terms and conditions of the original.Agreement betweenthe parties, dated March 16, 2017, and attached hereto as Attachment"A",shall remain in full force and effect. 5. CONFLICTING PROVISIONS. The terms,statements, requirements,or provisions contained in this First Amendment shall:prevail and be given superior effect and priority over any conflicting or inconsistent terms,statements,requirements or provisions contained in any other document or attachment, • including but not limited to Attachments"A"and"B."