AMENDMENT NO. 1 TO AGREEMENT BETWEEN THE CITY OF SAN MARINO AND ECONOMICS, INC.
THIS AMENDMENT NO. 1 TO THE AGREEMENT ("Amendment No. 1") by and between the CITY OF SAN MARINO ("City") and Economics, Inc., a California corporation ("Consultant") is effective as of October 11, 2023. City and Consultant are collectively referred to as the "Parties."
RECITALS
A. City and Consultant entered into that certain Agreement for Professional Services dated May 22, 2023 ("Original Agreement") whereby Consultant agreed to provide those professional services specified in the Original Agreement.
City and Consultant now desire to amend the Original Agreement, in accordance with Section 16 of the Agreement to increase the compensation amount by $180,000. The total agreement compensation amount is now $210,000.
TERMS
Contract Changes. The Original Agreement is amended as provided herein.
A. Section 3 of the Original Agreement is amended to read as follows:
3.0 Consultant's Compensation
City will pay consultant in accordance with the fee schedule set forth in Exhibit B but in no event will the City pay more than $210,000. Any additional work authorized by the City pursuant to Section 1.4 will be compensated in accordance with the fee schedule set forth in Exhibit B, unless otherwise approved by City in writing. Pursuant to Section 2.06.05 of the San Marino City Code, this Agreement shall not be effective unless previously approved by the City Council if it is for professional services greater than thirty thousand dollars ($30,000.00). 2 Continuing Effect of Agreement. Except as amended by this Amendment No. 1, all provisions of the Original Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 1, whenever the term "Agreement" appears in the Agreement, it shall mean the Original Agreement, as amended by Amendment No. 1.
3. Authority. The persons executing this Amendment No. 1 on behalf of the Parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment No. 1 on behalf of said party, (iii) by so executing this Amendment No. 1, such party is formally bound to the provisions of this Amendment No. 1, and (iv) the entering into this Amendment No. 1 does not violate any provision of any other agreement to which said party is bound.
Doc No. 2547482
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment No. 1 as of the date and year first hereinabove written.
City of San Marino Economics, Inc.
By: Philipe By:=
Philippe Eskandar, Signature
City Manager
Will in Name and dete O' Toole Pres
Date: 10/12/23 Dac: October 12, 2023
ATTEST: APPROVED AS TO FORM:
Wish Walkn
Alison Walker Joe Montes
City Clerk City Attorney
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