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HomeMy WebLinkAboutAdden 1 CAG-14-118, Adden 1 ` CITY OF - en on � AMENDMENT N0. CAG-14-118 TO AGREEMENT FOR PROPERTY AND CASUALTY INSURANCE BROKERAGE SERVICES THIS AMENDMENT, dated September 20, 2017, is by and between the City of Renton (the "City"), a Washington municipal corporation, and Alliant Insurance Services, Inc. (hereinafter also called "Consultant", "Contractor", or "Broker"). The City and the Broker 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-14-118, dated January 1, 2015, to provide necessary services for the City of Renton (referred to herein as the "Agreement"); Whereas, the Parties wish to amend the Agreement to extend the time of performance and compensation will increase to allow for continuation of services and cost of services inflation. The Broker's address has also been updated. NOW THEREFORE, It is mutually agreed upon that CAG-14-118 is amended as follows: 1. Time of Performance: Section I, Time of Performance, is amended pursuant to the schedule(s) set forth in Exhibit A. All Work shall continue until December 31, 2020. This Agreement is eligible for time extensions, as negotiated and mutually agreed upon by both parties, unless otherwise cancelled. 2. Compensation: Section II, Compensation, is amended so that the maximum amount of compensation payable to Consultant is increased from $47,500 per year to $48,450 in 2018, $49,419 in 2019, and $50,407 in 2020. 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. 3. Notices: The Broker's address for notices is changed to read: 1420 5th Ave., Suite 1500, Seattle, WA 98101 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 Agreement as of the date last signed by the Parties below. CITY OF RENTON CONSULTANT � ;' By: gy, f Denis Law De orah H. Bovee Mayor Alliant insurance Services, Inc. 1420 5th Ave., Suite 1500 Seattle, WA 98101 �%�7a Date Date Attest � , �� Ja n A. Se `�a��������ni��,,,�� Ci y Clerk `��,.��� pF RF��,,� `�G� `\���,,.,,,����„�,,,�����'.�': � ' 2 Approved as to Legal Form � � '; = � r = * = SE : - _ = AL � _ : i '�,, � .=' � ; r— �'`� 'r�'//rO�A'�����h�N�H����`````` ,��"``` Shane Moloney ���i�,����1;�p�tV;� Renton City Attorney Contract Template Updated OS/30/2017 Page 2 of 2 �