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2021/05/05 Council Agenda Packet
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2021/05/05 Council Agenda Packet
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5/12/2021 8:59:41 PM
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Council Agenda Packet
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5/5/2021
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The modifications in 1) through 4) above do not apply to years 2022 and after. <br />2. Section 3 of the Agreement is modified to read as follows: <br />The City shall pay Contractor only for completed Services. The compensation in <br />this Section is complete compensation for the Services (including without <br />limitation labor, materials, vessel costs, and fuel). <br />Compensation under this Contract for each Contract year is determined as <br />follows: <br />2019 <br />$109,000 <br />2020 <br />$0 (cancelled due to COVID-19, as set forth in <br />Amendment No. 1) <br />202I <br />$99,300 (This amount includes base <br />compensation of $99,000, which has been <br />adjusted for CP[-U, plus an additional $300.00 <br />for additional COVID-19 PPE requirements.) <br />2022 <br />$109,000 which will be adjusted based on CPI <br />using CPI-U, December 2018 data from <br />https://data.bl s.gov/tuneseries/CU URS49DSAO. <br />The purpose of using 2018 data is to "catch up" <br />CPI increases, so that compensation in 2022 is <br />same as it would have been if CPI increases had <br />occurred in 2020 and 2021 based on the <br />$109,000 initial 2019 compensation. <br />2023 and after <br />Previous year's compensation adjusted based <br />CPI change from previous year to current year <br />All CPI adjustments are based on the Consumer Price Index — Seattle -Tacoma - <br />Bellevue — CPI-U, Series Id: CUURS49DSA0 - not seasonally adjusted. <br />The CPI adjustments for 2022 and after shown in the table above will only occur <br />if requested by the Service Provider. Such request must be submitted in writing 90 <br />days prior to the effective date of the price revision and submitted to the <br />Procurement Professional in the City Procurement division. <br />3. If a governmental order restricts vessel passenger capacity to 49% or less of full <br />capacity during 2021, then the City may by written notice to Service Provider <br />terminate or suspend the 2021 season, in which case Service Provider will be <br />compensated a pro -rated amount of the 2021 compensation based on Services <br />actually rendered in 2021 prior to the termination or suspension date. This right to <br />terminate or suspend the 2021 season is addition to and does not affect the City's <br />termination right in the General Conditions. <br />4. Section 12, Force Majeure of the Agreement is added to read as follows: <br />
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