1 THIRD AMENDMENT TO THE AGREEMENT
FOR CONSULTING SERVICES BETWEEN THE CITY OF REDONDO BEACH AND VERONICA TAM & ASSOCIATES, INC.
This Third Amendment to the Agreement for Consulting Services (“Third Amendment”) is made between the City of Redondo Beach, a chartered municipal corporation (“City”) and Veronica Tam & Associates, Inc., a California S Corporation (“Consultant” or “Contractor”).
WHEREAS, on October 20, 2020, the parties entered into the Agreement for Consulting Services between the City and Consultant (the “Agreement”); and WHEREAS, on June 7, 2022, the parties entered into a First Amendment (“First Amendment”) to the Agreement and extended the term to December 31 2022, and increased the compensation by $10,440; and
WHEREAS, on October 4, 2022, the parties entered into a Second Amendment (“Second Amendment”) to the Agreement to extend the term to March 31, 2023 and to increase the compensation by $1,500.00 for additional duties required by HCD; and WHEREAS, the parties desire to again extend the term of the Agreement, amend the scope of services to include additional duties the Consultant is to provide to the City regarding the financial evaluation of inclusionary housing and to increase the compensation amount for these additional duties.
NOW THEREFORE, in consideration of the promises and mutual covenants contained herein, and intending to be legally bound, the parties hereby agree to make the following amendments to the Agreement:
1. Scope of Services. Exhibit “A” of the Agreement is hereby amended to include the following additional duties that Consultant shall provide to the City:
“Consultant shall provide the additional duties regarding the financial evaluation of inclusionary housing as outlined below:
1) update the sales prices, rents and household incomes to reflect 2022 information.
2) add a low-income rental category at 80% of AMI.
3) update the in-lieu fee analysis to account for a fee payable on fractional units. 4) prepare presentations for use at public meetings.
5) attend up to two Planning Commission meetings and two City Council meetings.”
2. Term. Exhibit “B” of the Agreement is hereby amended to extend the term until December 31, 2023, unless terminated earlier pursuant to the terms of the Agreement.
2 3. Compensation. Exhibit “C” of the Agreement is hereby amended to include additional compensation in the amount of $12,500.00 for the additional duties detailed in this Third Amendment and an additional $625 contract management fee for a total added compensation of $13,125.
4. No Other Amendments. The Agreement, the First Amendment, the Second Amendment and this Third Amendment constitute the entire agreement between the parties and supersede any previous oral or written agreement with respect to the subject matter hereof. In the event of any inconsistency between the terms of the Agreement, the First Amendment, the Second Amendment and this Third Amendment the terms of this Third Amendment shall govern.
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3 IN WITNESS WHEREOF, the parties have executed this Second Amendment in Redondo Beach, California, as of this 20th day of December, 2022.
CITY OF REDONDO BEACH, VERONICA TAM & ASSOCIATES, INC.
a chartered municipal corporation a California S Corporation __________________________ By: _______________________
William C. Brand, Mayor Name: _______________________
Title: _______________________
ATTEST: APPROVED AS TO FORM:
__________________________ __________________________
Eleanor Manzano, City Clerk Michael W. Webb, City Attorney APPROVED:
___________________________
Diane Strickfaden, Risk Manager