HomeMy WebLinkAbout07-19-2016 BCA/Matchfire - First Extension of AgreementFIRST EXTENSION OF AGREEMENT
PHIS FIRST EXTENSION OF AGREEMENT is made and entered into in the City of San Luis Obispo on this
day of ow l , by and between the CITY OF SAN LUIS OBISPO, a municipal corporation,
hereinafter referred to as City, and BCAIMatchfire (as successor in interest to Studio Good), hereinafter referred to as
Contractor.
WITNESSETH:
WHEREAS, on July 8, 2014, the City entered into an Agreement with Contractor for marketing services (the
"Agreement"). The term of the Agreement was for two years terminating on June 30, 2016. The Agreement allowed for two
two -year extensions by mutual consent of the parties; and
WHEREAS, the Contractor has performed the terms and conditions of the Agreement to the City's and TBID's
satisfaction; and
WHEREAS, on June 8, 2016 the TBID received a presentation from Contractor regarding a first extension of the
Agreement for fiscal years 2016 -17 and 2017 -18 based on the TBID's request; and
WHEREAS, the TBID reconunended extending the Agreement for a two -year term as permissible wider the initial
Agreement terms; and
WHEREAS, the City considered the TBID's recommendation and approved the Agreement extension.
NOW THEREFORE, in consideration of their mutual promises, obligations, and covenants hereinafter contained,
the parties hereto agree as follows:
1. The term of the Agreement is hereby extended for an additional two years, terminating on June 30, 2018
unless further extended by mutual agreement of both parties.
City will pay and Contractor shall receive compensation in a total sum not to exceed $814,500 for 2016-
17 and $814,500 for 2017 -18.
3. All other terms and conditions in the Agreement shall remain in full force and effect and are incorporated
herein by this reference.
[Signatures on following page]
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed the day and year lust above
written.
ATTEST:
City G k
AS TO FORM:
CITY OF SAN LUIS OBISPO,
A Municipal Corporation
By:
Jan V 11 MU, Mayor
CONTRACTOR:
Barnett & Associates
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