FIRST AMENDMENT TO AGREEMENT WITH STAY PLEASANT HILL TO
SERVE AS THE OWNERS' ASSOCIATION FOR THE PLEASANT HILL TOURISM
IMPROVEMENT DISTRICT
This First Amendment, dated the of March, 2022, hereinafter referred to as the Effective Date", is by and between the City ofPleasant Hill, a California municipal corporation, hereinafter referred to as " City", and Stay Pleasant Hill, a California non- profit corporation, hereinafter referred to as " Contractor", and collectively referred to as " Parties".
RECITALS
A. On February 7, 2022 the Pleasant Hill City Council approved a resolution authorizing the City Manager to execute an Agreement with Stay Pleasant Hill to serve as the Owners' Association for the Pleasant Hill Tourism improvement District (PHTID), to be effective on April 1, 2022 and continue for five years until March 31, 2027; and B. Section 4 of the Agreement concerns the annual reports. The reports should be completed on a fiscal year basis instead of a calendar year basis. Therefore, it is necessary to change the word " calendar" to " fiscal".
FIRST AMENDMENT TO AGREEMENT
Now, therefore, the parties agree to amend the Owners' Association Agreement as follows:
Section 4 is hereby replaced in its entirety with the following new Section 4,
4. Annual Report By October 30'h of each year, Contractor shall submit to the City Council the report required by Streets and Highways Code section 36650 and the PHTID Management District Plan, hereinafter "the Annual Report". The Annual Report based on the prior fiscal year shall be prepared and submitted to the City Council by October 301 of each year this Agreement is in effect. Each Annual Report shall include an audited financial statement.
All other provisions ofthe Owners;' Association Agreement shall remain as written.
IN WITNESS THEREOF, the parties hereto have executed this Agreement.
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