HomeMy WebLinkAboutAddendum - 2AMENDMENT NO. 2 TO AGREEMENT CAG 22-191 FOR COSTAR
SERVICES
THIS AMENDMENT, dated for reference purposes only as August 16, 2023, is by and between
the City of Renton (the “City”), a Washington municipal corporation, and Costar Realty
Information, Inc. (“Consultant”), a foreign (Delaware) 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-22-191,
dated May 31, 2022, to provide necessary services for the CoStar Suite Services (referred to
herein as the “Agreement”);
Whereas, the Parties wish to amend the Agreement to extend the time for performance an
increase the rate of compensation in order to extend the contract for an additional year of
service.
NOW THEREFORE, It is mutually agreed upon that CAG-22-191 is amended as follows:
1.Time of Performance: Section 3, Time of Performance, is amended pursuant to the
schedule(s) set forth in Exhibit A-1. All Work shall be performed by no later than May 31.
2024.
2. Compensation: Section 4, Compensation, is amended so that the maximum amount of
compensation payable to Consultant is increased by $11,203.80 from $10,569.60 to
$21,773.4, plus 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-2.
3.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.
[SIGNATURES ON FOLLOWING PAGE]
CAG-22-191, Adden #2-23
PAGE 2 OF 2
IN WITNESS WHEREOF, the Parties have voluntarily entered into this Amendment as of the date
last signed by the Parties below.
CITY OF RENTON
By:_____________________________
CONSULTANT
By:____________________________
Vanessa Dolbee
Interim CED Administrator
Scott Wheeler
Chief Financial Officer
_____________________________
Date
_____________________________
Date
Approved as to Legal Form
By: __________________________
M. Patrice Kent
Sr. Assistant City Attorney
Contract Template Updated 06/17/2021
(contract/2023/2660)
8-24-2023
Approved by Patrice Kent via 8/16/2023 email
8/24/2023
City of Renton Economic Development Dept.
1055 S Grady Way, Suite 600 Renton, WA 98057-3232
360587 Brandon King
Addendum to License Agreement
This Addendum to the License Agreement (the “Addendum”) is made as of the date hereof by and
between CoStar Realty Information, Inc. ("Licensor") and City of Renton Economic Development
Dept. ("Licensee") and is executed pursuant to and made a part of the License Agreement signed by
Licensee on May 31, 2022 for the provision of Licensor's commercial real estate information service(s)
(the "License Agreement"). Any capitalized term used in this Addendum and not otherwise defined
shall have the meaning set forth in the Agreement.
NOW THEREFORE, Licensor and Licensee agree that the License Agreement shall be amended as
follows:
1. Notwithstanding anything to the contrary in Section 5 of the License Agreement, effective
June 1, 2023 the monthly License Fee for Licensee’s existing services shall be increased from
$880.80 to $933.65 (before taxes) and such amount for these services shall not be increased
during Licensee’s June 1, 2023 through May 31, 2024 Renewal Term.
2. Licensor and Licensee agree that, except as expressly provided above, all of the terms of the
Agreement will remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Addendum on the day and year set
forth below and do each hereby warrant and represent that their respective signatories, whose
signatories appear below, have been and are on the date hereof duly authorized by all necessary and
appropriate action to execute this Addendum.
CoStar Realty Information, Inc.: Licensee:
By: By:
Name: Name:
Title: Title:
Date: Date: