FIRST AMENDMENT
TO PROFESSIONAL SERVICES AGREEMENT WITH
NHA ADVISORS, LLC
THIS FIRST AMENDMENT is made and entered into this 9 day of September 2024, by and between the CITY OF FORT BRAGG, hereinafter referred to as “City,” and NHA Advisors, LLC, hereinafter referred to as "Consultant.” WHEREAS, the City and Consultant entered into a Professional Services Agreement (“Contract”) on October 4, 2021; and WHEREAS, the Contract states that City proposes to utilize the services for Consulting, Disclosure Reporting, and Annual Debt Reporting Services for a total contract amount Not to Exceed Eight Thousand Eight Hundred Dollars ($8,800.00); and WHEREAS, the parties desire to increase the Consultants compensation to assist with the following projects:
Annual Reporting Disclosures
CALPERS Pension Strategies
Municipal Broadband; and
WHEREAS, sufficient funds are budgeted to cover the costs of these services; and NOW, THEREFORE, for the aforementioned reasons and other valuable consideration, the receipt and sufficiency of which is acknowledged, City and Consultant hereby agree that the Professional Services Agreement for Consulting, Disclosure Reporting and Annual Debt Reporting Services dated October 4, 2021, is hereby amended as follows:
Compensation:
Exhibit B of the Agreement is amended to increase Consultant’s compensation, by $7,818.75. Consultant’s total annual compensation shall not exceed Sixteen Thousand Six Hundred Eighteen Dollars ($16,618.75).
2. All terms not defined herein shall have the same meaning and use as set forth in the Agreement, as amended.
3. All other terms, conditions, and provisions of the Agreement, as amended, shall remain in full force and effect.
4. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original. All counterparts shall be construed together and shall constitute one agreement.
IN WITNESS WHEREOF, the parties have executed this Amendment the day and year first above written.
CITY OF FORT BRAGG:
By:________________________________
Isaac Whippy
City Manager
ATTEST:
__________________________________
Diana Sanchez
City Clerk
APPROVED AS TO FORM:
Baron J. Bettenhausen
City Attorney
CONSULTANT:
By:_____________________________
Eric Scriven
Its: Principal