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HomeMy WebLinkAboutAGR-7828.1 - GRANT THORNTON, LLP. - BUDGET RISK & ECONOMIC ADVISORY SERVICESDocusign Envelope ID:873C80B7-3E1E-4DE3-A17F-OF428289527B c Initial AGR-7828.1 FIRST AMENDMENT TO MASTER SERVICES AGREEMENT Budget Risk and Economic Advisory Services] THIS FIRST AMENDMENT TO MASTER SERVICES AGREEMENT (the "First Amendment") is made and entered into as of September 1.0 , 2025,by and between the CITY OF ORANGE, a municipal corporation ("City"), and GRANT THORNTON LLP, a Delaware limited liability company,with offices at 171 N. Clark St., Suite 200, Chicago, IL 60601 ("Grant Thornton"), with reference to the following: A. City and Grant Thornton entered into a Master Services Agreement (Agreement No. 7828) dated as of April 22, 2025, which is incorporated herein by this reference (the "Original Agreement"); and B. City and Grant Thornton desire to amend the Original Agreement to modify, amend and supplement certain portions of the Original Agreement by increasing the compensation to incorporate travel expenses that were incurred in the completion of services detailed in the Original Agreement. NOW, THEREFORE, the parties hereby agree as follows: Section 1. Defined Terms. Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement. Section 2. Cross-References. City and Contractor agree that all references in this First Amendment are deemed and construed to refer to the Original Agreement, as implemented by this First Amendment. Section 3 Compensation. The total compensation of$116,600 for the services rendered in the Original Agreement is increased by FIVE THOUSAND FIFTY-FOUR DOLLARS and 14/100 5,054.14). The total not-to-exceed compensation for the services to be rendered as set forth in the Original Agreement is hereby amended to ONE HUNDRED TWENTY-ONE THOUSAND SIX HUNDRED FIFTY-FOUR DOLLARS and 14/100 ($121,654.14). Section 5. Authority of City Manager. Pursuant to Section 3.08.430 of the Orange Municipal Code,the City Manager is authorized to approve and execute amendments to the Agreement to adjust the compensation as provided herein. Section 6. Integration. This First Amendment amends, as set forth herein, the Original Agreement and, except as specifically amended hereby, the Original Agreement shall remain in full force and effect. To the extent that there is any conflict or inconsistency between the terms and provisions of this First Amendment and the terms and provisions of the Original Agreement,the terms and provisions of this First Amendment shall control and govern the rights and obligations of the parties. Docusign Envelope ID:873C80B7-3E1E-4DE3-A17F-OF428289527B IN WITNESS of this First Amendment, the parties enter into this First Amendment on the year and day first above written. CONTRACTOR" CITY" GRANT THORNTON LLP, a Delaware limited CITY OF ORANGE, a municipal corporation liability company DocuSigned by: Signed by: By: SLawe, SitWa By:riarta , N1l.D.un ira.n,d, PrinteameR 49F4ghawn Stewart ccri FD 1Mbrand, City Manager Title: Principal ATTEST: r—DocuSigned by: iukkive iTmefact°8164r'1ian, City Clerk APPROVED AS TO FORM: e—DocuSigned by: atfiale°Aaourian Senior Assistant City Attorney 2