Reso 2022-3363 - Laserfiche WebLink

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SV{_INY IpL SECOND AMENDMENT TO THE AGREEMENT BETWEEN 1? THE CITY OF SUNNY ISLES BEACH AND LIGHT `ER UP LLC °I W. CONTRACT NO. 2021-7668 This Second Amendment to the Agreement between the CITY OF SUNNY ISLES BEACH ("City") and LIGHT `ER UP LLC, ("Contractor"), executed this C)2. day of 2022 is made a part of the original Agreement between the parties dated August 1, 021 ontLct No. 2021-7668 (the "Agreement"), as amended, attached hereto as Attachment "A", and the City and the Contractor hereby agree to amend the Agreement as follows: 1. AMENDNG COMPENSATION. Upon frill execution of this Second Amendment, Section 4 of the original Agreement, titled "Compensation" shall be deleted in its entirety and substituted with the following language: During the term of this Agreement, in whatever capacity rendered, the City shall pay Contractor for Services performed under this Agreement in an amount not to exceed Four Hundred Forty -One Thousand One Hundred Ninety -Four Dollars artd Fifty -Five Cents ($441,194.55), which amount includes One Hundred Fifty - Nine Thousand Seven Hundred Fifty Dollars ($159,750.00) as compensation for the Services in year one ("Year One Compensation"), One Hundred Fifty -Six Thousand Four Hundred Forty -Four Dollars and Fifty -Five Cents ($156,444.55) as compensation for the Services in year two ("Year Two Compensation"), and One Hundred Twenty Five Thousand Dollars ($125,000.00) as compensation for the Services in year three ("Year Three Compensation"). Payment to Contractor for all charges and tasks under this Agreement shall be in accordance with the Contract Documents and the schedule of charges as reflected in Attaclunent "A", under the following conditions: Disbursements. There are no reimbursable expenses associated with this contract except for expenses approved by the City Manager. b. Payment Schedule. Invoices received from the Contractor pursuant to this Agreement will be reviewed by the initiating City Department. Upon full execution of this Agreement, payment of a deposit shall be made by the City to the Contractor in the amount of Fifty Percent (50%) of Year One Compensation. Upon successful installation of the Services by the Contractor, the City shall pay Contractor Twenty- Five Percent (25%) of Year One Compensation. The remainder Twenty -Five Percent (25%) balance shall be paid by the City following the removal and frill satisfaction of the Services by the Contractor. For years two and three of the initial term, the payment schedule shall be as follows: Twenty -Five Percent (25%) of that year's compensation upon on the anniversary of the execution date of this Agreement: Fifty 50%) of that year's compensation upon successful installation of the Services; and the remaining Twenty -Five Percent (25%) of that year's compensation following removal and successful completion of the Services. Page 1 of 3