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(9)AR 092110 APPROVAL TO EXTEND THE TERM OF THE PSA FOR URBAN FUTURES, INC.
Colton
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2010 - 2019
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2010
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09/21/2010 06:00 PM
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STAFF REPORTS:
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SR2
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Approval to Extend the Term of the Professional Services Agreements for Urban Futures, Inc., Hall and Foreman Inc., Michael Brandman Associates, CSG Advisors. [Staff Person: M. Tomich]
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(9)AR 092110 APPROVAL TO EXTEND THE TERM OF THE PSA FOR URBAN FUTURES, INC.
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2/23/2014 6:25:08 PM
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Agenda Item
Meeting Date
9/21/2010
Meeting Time
6:00:00 PM
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FOURTH AMENDMENT TO <br />PROFESSIONAL SERVICES AGREEMENT <br />BETWEEN THE CITY OF COLTON <br />AND <br />CSG ADVISORS INCORPORATED <br />1. PARTIES AND DATE. <br />This Fourth Amendment to the Professional Services Agreement ("Fourth Amendment") <br />is made and entered into this 21St day of September, 2010 by and between Redevelopment <br />Agency for the City of Colton ("City") and CSG Advisors Incorporated ("Consultant"). City <br />and Consultant are sometimes individually referred to as "Party" and collectively as "Parties" in <br />this Fourth Amendment. <br />2. RECITALS. <br />2.1 Agreement. City and Consultant entered into that certain Professional Services <br />Agreement dated October 10, 2007 ("Agreement"), its First Amendment on July 1, 2008, its <br />Second Amendment on December 16, 2008, and its Third Amendment on July 21, 2009 <br />(collectively "Agreement"), whereby Consultant agreed to provide assistance in developing and <br />overcoming impediments to implementation of a plan of finance for tax allocation bond <br />financing and housing consulting services. <br />2.2 Amendment. City and Consultant desire to amend the Agreement for the Fourth <br />time to extend the term of the Agreement to June 30, 2011. <br />3. TERMS. <br />3.1 Term. Section 3.1.2 of the Agreement is hereby deleted in its entirety and <br />replaced with the following: <br />"The term of this Agreement is hereby modified to extend <br />the term of the Agreement to June 30, 2011" <br />3.2 Continuing Effect of Agreement. Except as amended by this Fourth <br />Amendment, all provisions of the Agreement shall remain unchanged and in full force and effect. <br />From and after the date of this Fourth Amendment, whenever the term "Agreement" appears in <br />the Agreement, it shall mean the Agreement as amended by this Fourth Amendment. <br />3.3 Counterparts. This Fourth Amendment may be executed in duplicate originals, <br />each of which is deemed to be an original, but when taken together shall constitute but one and <br />the same instrument. <br />[SIGNATURES ON FOLLOWING PAGE] <br />RVPUB\NSTUBBS\635122.2 <br />
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