2024/03/13 Council Agenda Packet

2. Section 3 of the Agreement is modified to read as follows: The City shall pay the Contractor only for completed Services. The compensation in this Section is complete compensation for the Services (including, without limitation, labor, materials, vessel costs, and fuel). Compensation under this Contract for each Contract year is determined as follows: 2019 $109,000, which has been paid in full 2020 $0 2021 $99,300, which has been paid in full 2022 $113,110.88, which has been paid in full 2023 $102,204.46, which has been paid in full 2024 $110,061.90 2025 and after The previous year’s compensation is adjusted based on the CPI percent change from the previous year to the current year. For example, 2025 compensation will be calculated based on CPI percent change from Dec 2023 (344.982) to December 2024. All CPI adjustments are based on the Consumer Price Index – Seattle-Tacoma- Bellevue – CPI-U, Series Id: CUURS49DSA0 - not seasonally adjusted. The CPI adjustments for 2025 and after, shown in the table above, will only occur if requested by the Service Provider. Such request must be submitted in writing 90 days prior to the effective date of the price revision and submitted to the Procurement Professional in the City Procurement division. 3. Regardless of the date(s) on which this Amendment is signed by the parties, the parties agree that the Agreement has been continuously in effect since May 14, 2019. 4. At the sole discretion of the City, the City may consent to the Service Provider’s signature on this Amendment being by email, fax, pdf, or other electronic means, in which case such Service Provider signature will be deemed an original signature for all purposes. The City will be deemed to have given such consent effective upon execution of this Amendment by the Mayor of the City. This Amendment may be signed in counterparts. 5. All provisions in the Agreement shall remain in effect except as expressly modified by this Amendment.