The URL can be used to link to this page

Home My WebLink AboutContract5$&(3028 0(025$1'802)81'(567$1',1* 5HJDUGLQJWKH2QJRLQJ3DUWQHUVKLSEHWZHHQWKH(DVWUDLO5HJLRQDO$GYLVRU\&RXQFLO DQG(DVWUDLO3DUWQHUV 7KLV0(025$1'802)81'(567$1',1*LVPDGHE\DQGDPRQJ.,1*&2817<612+20,6+ &2817<7+(&,7<2)%(//(98(7+(&,7<2).,5./$1'7+(&,7<2)5('021'7+( &,7<2)5(17217+(&,7<2):22',19,//($&(175$/38*(76281'5(*,21$/ 75$16,7$87+25,7<38*(76281'(1(5*<7+(($676,'(*5((1:$<$//,$1&(DQG ($675$,/ 3$571(56 FROOHFWLYHO\ WKH ³3DUWLHV´ 7KLV 028 VHWVIRUWK WKH 3DUWLHV¶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³3DUWLHV´ 7KLV 028 VHWVIRUWK WKH 3DUWLHV¶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x(3ZLOOFRQWLQXHWRSOD\DXQLI\LQJUROHDVSULPDU\SRLQWRIFRQWDFWRQFRRUGLQDWHGDSSURDFKHVIRU VWDWHDQGIHGHUDOJRYHUQPHQWDOHQJDJHPHQWDQGIXQGLQJRSSRUWXQLWLHVDVDFRPSOHPHQWWRDQGLQ DVVRFLDWLRQZLWKOHJLVODWLYHDJHQGDDFWLRQVE\LQGLYLGXDO5$&PHPEHUHQWLWLHV x7KH5$&ZLOOSDUWQHUZLWK(3WREULQJWKH5$&¶VVXSSRUWDQGRUWKDWRIVSHFLILF5$&PHPEHUV WRDGYRFDF\RSSRUWXQLWLHV x(3ZLOOEXLOGDQGPDLQWDLQUHODWLRQVKLSVZLWK(DVWVLGHIRFXVHGEXVLQHVVHVLQFOXGLQJSRVVLEOH IDFLOLWDWLRQRIFDSLWDOSURMHFWGHOLYHU\ x(3WKH5$&DQGWKH3ULQFLSDOV6WDII7HDPZLOOSDUWQHUWRFRQWLQXHGHYHORSLQJDQG LPSOHPHQWLQJDFRPPXQLFDWLRQVIUDPHZRUNIRUVKDUHGZRUNWRHQVXUH oZRUNSODQJRDOVDUHDFKLHYHG oJRRGLQWHUQDOFRPPXQLFDWLRQVEHWZHHQVWDII5$&PHPEHUVDQG(3LQFOXGLQJ FRPPXQLFDWLQJSURDFWLYHO\ZLWK(3RQSURMHFWIXQGLQJDQGVWDWXVDQG oJRRGH[WHUQDOFRPPXQLFDWLRQVRQSURMHFWVWDWXVWUDLOFORVXUHVDQGRSHQLQJVDQGIXQGLQJ x(3WKH5$&DQGWKH3ULQFLSDOV6WDII7HDPZLOOFROODERUDWHRQWKHGHYHORSPHQWLPSOHPHQWDWLRQ DQGRUVXSSRUWRIFRPPXQLW\DFWLYDWLRQHYHQWV x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¶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rmondo Pavone Mayor Attest (City of Renton): _____________________ Jason A. Seth, City Clerk August 11, 2021