HomeMy WebLinkAboutItem No. 15 First Amend. to PSA with Urban Futures, Inc.Text File
City of Lake Elsinore 130 South Main Street
Lake Elsinore, CA 92530
www.lake-elsinore.org
File Number: ID# 17-195
Agenda Date: 5/23/2017 Status: Consent AgendaVersion: 1
File Type: ReportIn Control: City Council
Agenda Number: 15)
Page 1 City of Lake Elsinore Printed on 5/19/2017
Page 1 of 1
REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Grant Yates, City Manager
Prepared by: Jason Simpson, Assistant City Manager
Date:May 23, 2017
Subject:First Amendment to the Professional Services Agreements (PSA) with
Urban Futures, Inc.
Recommendation
1. Approve and Authorize the City Manager to execute the First Amendment in the amount
of $25,000 with Urban Futures, Inc. for Asset Management Work Plan Development.
2. Approve and Authorize the City Manager to execute the First Amendment in the amount
of $25,000 with Urban Futures, Inc. for Economic Development and Real Estate
Advisory Services.
Background
On October 1, 2014, the City entered into an Agreement with Urban Futures, Inc., to provide
Economic Development and Real Estate Advisory. On May 28, 2015, the City entered into an
Agreement with Urban Futures, Inc., to provide Asset Management Work Plan Development
Services.
Discussion
Staff is requesting the increase in contract amounts to continue consulting services regarding
the City’s infrastructure needs with private developers for affordable housing and commercial
development projects within the City. Urban Futures, Inc., has provided excellent services to the
City and continuity is important to complete the work.
Fiscal Impact
Funds are available within existing line item budget.
Exhibits
A First Amendment for Asset Management Work Plan Development
B First Amendment for Economic Development
FIRST AMENDMENT TO AGREEMENT
BETWEEN THE CITY OF LAKE ELSINORE
AND URBAN FURTURES, INC.
FOR ASSET MANAGEMENT WORK PLAN DEVELOPMENT SERVICES
THIS FIRST AMENDMENT is made and entered into as of May 23, 2017,by and between the
City of Lake Elsinore (“City) a municipal corporation, and Urban Futures, Inc. (“Consultant”). In
consideration of the mutual covenants and conditions set forth herein, the parties agree as
follows:
1.This Amendment is made with the respect to the following facts and purposes:
a.On May28, 2015 the City and Consultant entered into that certain agreement
entitled “City of Lake Elsinore for Professional Services”, in the amount of
Twenty-Nine Thousand Two Hundred Fifty Dollars and no cents ($29,2500).
b.The parties now desire to increase the payment for services in the amount of
Twenty-Five Thousand Dollars and no cents ($25,000) and amend the
Agreement as set forth in this Amendment.
2.Section 3. Compensation of the Agreement is hereby amended to read
as follows:
City hereby agrees to pay Consultant a sum not to exceed a total of
$25,000 (Twenty-Five Thousand Dollars and no cents) for the First
Amendment and bringing the total agreement amount to $54,250 (Fifty-
Four Thousand Two Hundred Dollars and no Cents). City shall pay
Consultant for services rendered pursuant to this Agreement at the time
and in the manner set forth herein. Any terms in Exhibit A other than the
payment rates and schedule of payment are null and void.
3.Except for the changes specifically set forth herein, all other terms and conditions
of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year first
set forth above, which date shall be considered by the Parties to be the effective date of this
Agreement.
CITY OF LAKE ELSINORE CONSULTANT
__________________________________________________________
Grant Yates, City Manager Michael Busch, Chief Executive Officer
Date: ____________________Date: ____________________
Attest:
____________________________
Susan M. Domen, MMC City Clerk
Date: ____________________
Approved as to Form:
____________________________
Barbara Leibold, City Attorney
Date: __________________
FIRST AMENDMENT TO AGREEMENT
BETWEEN THE CITY OF LAKE ELSINORE
AND URBAN FURTURES, INC.
FOR ECONOMIC DEVELOPMENT AND REAL ESTATE ADVISORY SERVICES
THIS FIRST AMENDMENT is made and entered into as of May 23, 2017,by and between the
City of Lake Elsinore (“City) a municipal corporation, and Urban Futures, Inc. (“Consultant”). In
consideration of the mutual covenants and conditions set forth herein, the parties agree as
follows:
1.This Amendment is made with the respect to the following facts and purposes:
a.On October 1, 2014 the City and Consultant entered into that certain
agreement entitled “City of Lake Elsinore for Professional Services”, in the
amount of Thirty-Thousand dollars and no cents ($30,000).
b.The parties now desire to increase the payment for services in the amount of
Twenty-Five Thousand dollars and no cents ($25,000) and amend the
Agreement as set forth in this Amendment.
2.Section 3. Compensation of the Agreement is hereby amended to read
as follows:
City hereby agrees to pay Consultant a sum not to exceed a total of
$25,000 (Twenty-Five Thousand Dollars and no cents) for the First
Amendment and bringing the total agreement amount to $55,000 (Fifty-
Five Thousand Dollars and no Cents). City shall pay Consultant for
services rendered pursuant to this Agreement at the time and in the
manner set forth herein. Any terms in Exhibit A other than the payment
rates and schedule of payment are null and void.
3.Except for the changes specifically set forth herein, all other terms and conditions
of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first
set forth above, which date shall be considered by the parties to be the effective date of this
Agreement.
CITY OF LAKE ELSINORE CONSULTANT
__________________________________________________________
Grant Yates, City Manager Michael Busch, Chief Executive Officer
Date: ____________________Date: ____________________
Attest:
____________________________
Susan M. Domen, MMC City Clerk
Date: ____________________
Approved as to Form:
____________________________
Barbara Leibold, City Attorney
Date: __________________