HomeMy WebLinkAboutAddendum - 3AMENDMENT NO. 3 TO AGREEMENT FOR WHOLESALE
LOCKBOX SERVICES WITH RETAIL LOCKBOX, INC. CAG-18-142
THIS AMENDMENT, dated for reference purposes only as March 1, 2023, is by and between the
City of Renton (the “City”), a Washington municipal corporation, and Retail Lockbox, Inc.
(“Consultant”), a Washington corporation. The City and the Consultant are referred to collectively
in this Amendment as the “Parties.” Once fully executed by the Parties, this Amendment is
effective as of the last date signed by both parties.
Whereas, the City engaged the services of the Consultant under Agreement CAG-18-142, dated
July 12, 2018, to provide necessary services for the wholesale lockbox services(referred to herein
as the “Agreement”);
Whereas, the Parties wish to amend the Agreement to change the compensation in order to
cover the costs of wholesale lockbox services as part of this contract’s autorenewal.
NOW THEREFORE, It is mutually agreed upon that CAG-18-142 is amended as follows:
1. Compensation: Section 4, Compensation, is amended so that the maximum amount of
compensation payable to Consultant is increasedby $76,000from $124,000 to $200,000,
plus any applicable state and local sales taxes. The additional compensation shall be paid
based upon Work actually performed according to the rate(s) or amounts specified in
Exhibit A of the Agreement.
2.All terms of the Agreement not explicitly modified herein shall remain in full force and
effect and such terms shall apply to Work performed according to this Amendment as if
fully set forth herein.
IN WITNESS WHEREOF, the Parties have voluntarily entered into this Amendment as of the date
last signed by the Parties below.
CAG-18-142, Adden #3-23
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CITY OF RENTON
By:_____________________________
CONSULTANT
By:____________________________
Armondo Pavone
Mayor
Craig Dawson
President
_____________________________
Date
_____________________________
Date
Attest
_____________________________
Jason A. Seth
City Clerk
Approved as to Legal Form
By: __________________________
Shane Moloney
Renton City Attorney
Contract Template Updated 06/17/2021
05/16/2023