No preview available
HomeMy WebLinkAboutC19-401 Roaring Fork School DistrictFIFTH AMENDMENT TO AGREEMENT BETWEEN EAGLE COUNTY, COLORADO AND ROARING FORK SCHOOL DISTRICT THIS FIFTH AMENDMENT (“Fifth Amendment”) is effective as of ___________________, by and between the Roaring Fork School District whose address is 1405 Grand Avenue, Glenwood Springs, Colorado 81601 (hereinafter “Consultant” or “Contractor”) and Eagle County, Colorado, a body corporate and politic (hereinafter “County”). RECITALS WHEREAS, County and Consultant entered into an agreement dated the 3rd day of January, 2017, for certain Services (the “Original Agreement”); and WHEREAS, by a First Amendment dated the 26th day of September, 2017 the parties increased the compensation to include COLA funding; and WHEREAS, by a Second Amendment dated the 6th day of December, 2017 the parties extended the term of the agreement to December 31, 2018; and WHEREAS, by a Third Amendment dated the 7th day of September, 2018 the parties increased the compensation to include COLA funding and extended the term of the agreement to the 31st day of December, 2019; and WHEREAS, by a Fourth Amendment dated the 25th of June, 2019 the parties increased compensation to include COLA funding; and WHEREAS, the term of the Fourth Amendment expires on the 31st day of December, 2019 and the parties desire to extend the term of the Original Agreement for an additional year. FIFTH AMENDMENT NOW THEREFORE, in consideration of the foregoing and the mutual rights and obligations as set forth below, the parties agree as follows: 1. The Original Agreement shall be amended to extend the term to the 31st day of December, 2020. 2. The compensation for Services shall not exceed $47,304 or a total maximum compensation under the Original Agreement and this Fifth Amendment of $47,304. 3. Capitalized terms in this Fifth Amendment will have the same meaning as in the Original Agreement. To the extent that the terms and provisions of the Fifth Amendment conflict with, modify or supplement portions of the Original Agreement, DocuSign Envelope ID: 926AE226-3824-40CB-8025-A8DF06D67E98  C19-401 2 Eagle County Amendment Ext Term Final 5/14 the terms and provisions contained in this Fifth Amendment shall govern and control the rights and obligations of the parties. 4. Except as expressly altered, modified and changed in this Fifth Amendment, all terms and provisions of the Original Agreement shall remain in full force and effect, and are hereby ratified and confirmed in all respects as of the date hereof. 5. This Fifth Amendment shall be binding on the parties hereto, their heirs, executors, successors, and assigns. IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to the Original Agreement the day and year first above written. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its COUNTY MANAGER By: ______________________________ Jeff Shroll, County Manager CONSULTANT: THE ROARING FORK SCHOOL DISTRICT RE-1, BASALT ELEMENTARY SCHOOL PRESCHOOL By: _____________________________________ Print Name: ______________________________ Title: ___________________________________ DocuSign Envelope ID: 926AE226-3824-40CB-8025-A8DF06D67E98      (;+,%,7$6&23(2)6(59,&(63$<0(17 )((6&+('8/( 'HVFULSWLRQRI6HUYLFHV7KLVFRQWUDFWLVIRUVHUYLFHVSURYLGHGEHJLQQLQJLQ-DQXDU\DQG HQGLQJ'HFHPEHU'LVWULFWLVGHILQHGDV&RQWUDFWRUIRUSXUSRVHVRIWKLV([KLELW &RQWUDFWRUZLOOSURYLGH(DUO\+HDG6WDUWFKLOGFDUHVHUYLFHVIRUXSWRIRXUFKLOGUHQHQUROOHGLQ WKH(DJOH&RXQW\(DUO\+HDG6WDUW ³(+6´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³&&&$3´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ocuSign Envelope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³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ocuSign Envelope ID: 926AE226-3824-40CB-8025-A8DF06D67E98 F 7UDLQLQJZLWKLQIDQWDQGWRGGOHUFRQWHQW G &RQWUDFWRUKDVPRQWKVIURPWKHGDWHRIKLUHWRJHWWHDFKHUWKHPLQLPXP UHTXLUHGTXDOLILFDWLRQV 7KH&RQWUDFWRUDJUHHVWRSURYLGHFKLOGFDUHVHUYLFHVWR(+6SURJUDPIDPLOLHVDVIROORZV  (DUO\FDUHDQGHGXFDWLRQIRULQIDQWVDQGWRGGOHUVZKRVHIDPLOLHVDUHHQUROOHGLQ(+6DQG HQUROOHGE\&RXQW\  &RQWUDFWRUPXVWSURYLGHSULPDU\FDUHJLYLQJDQGFRQWLQXLW\RIFDUHWRDOO(+6LQIDQWVDQG WRGGOHUVDVGHILQHGLQWKHSHUIRUPDQFHVWDQGDUGV D&)5 J  ²*UDQWHHDQGGHOHJDWHDJHQFLHVPXVWHQVXUHWKDWHDFK WHDFKHUZRUNLQJH[FOXVLYHO\ZLWKLQIDQWVDQGWRGGOHUVKDVUHVSRQVLELOLW\IRUQR PRUHWKDQIRXULQIDQWVDQGWRGGOHUVDQGWKDWQRPRUHWKDQHLJKWLQIDQWVDQG WRGGOHUVDUHSODFHGLQRQHJURXS E&)5   L ²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ocuSign Envelope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ocuSign Envelope ID: 926AE226-3824-40CB-8025-A8DF06D67E98  $OOLQIRUPDWLRQUHJDUGLQJFKLOGUHQDQGIDPLOLHVPXVWEHNHSWFRQILGHQWLDO  &RQWUDFWRUPXVWLGHQWLI\DFXUULFXOXPWREHXVHGLQHDFKFODVVURRPDQGLQIRUP&RXQW\ ZKLFKFXUULFXOXPZLOOEHXVHG  &RQWUDFWRUPXVWKDYHDSURFHVVIRUDOOSDUHQWVWRVLJQWKHLUFKLOGUHQLQDQGRXWLQRUGHUWR DVVXUHVDIHW\  &RQWUDFWRUVKDOOZRUNFRRSHUDWLYHO\ZLWK&RDFKLQJDQG&RQVXOWDWLRQDJHQFLHVDVIXQGV DOORZLQWKHLQIDQWDQGWRGGOHUFODVVURRPV  &RQWUDFWRUVKDOOLQYRLFH&&&$3IXQGLQJIRUHOLJLEOH(+6FKLOGUHQ  &RQWUDFWRUVKDOOQRWLI\(DJOH&RXQW\'+6LPPHGLDWHO\RIDOOUHSRUWVRIVXVSHFWHGFKLOG DEXVHRUQHJOHFWLQYROYLQJ&RQWUDFWRULQFOXGLQJEXWQRWOLPLWHGWRHPSOR\HHV YROXQWHHUVDQGFOLHQWV'+6FRQWUDFWRUVDUHFRQVLGHUHGWREHPDQGDWRU\UHSRUWHUVIRU VXVSHFWHGFKLOGDEXVHDQGQHJOHFWDQGDUHWRPDNHWKRVHUHSRUWVGLUHFWO\WRWKH&RORUDGR VWDWHZLGHKRWOLQH 7KHDERYHOLVWHGVHUYLFHVZLOOEHSURYLGHGH[SHGLWLRXVO\WRWKHFKLOGUHQVHUYHGXQGHUWKLV $JUHHPHQW7KHOHJLVODWLRQVXSSRUWLQJWKH(DUO\+HDG6WDUWHIIRUWH[SOLFLWO\VROLFLWVDQG DGYRFDWHVWKHIXOOHVWSRVVLEOHFRRSHUDWLYHDQGVXSSRUWLYHDSSURDFKIURPH[LVWLQJORFDODQGVWDWH DJHQFLHVWRHQKDQFHWKHHIILFDF\RI(DUO\+HDG6WDUWDQGLWVSURSRVHGPHDVXUDEO\SURGXFWLYH SURVRFLDOLPSDFWRQLQYROYHGIDPLOLHV3HUIRUPDQFH6WDQGDUGVDQGWKH+HDG6WDUW$FWDUH ORFDWHGDWWKH(DUO\&KLOGKRRG/HDUQLQJDQG.QRZOHGJH&HQWHU KWWSHFONFRKVDFIKKVJRYKVOF 3D\PHQWDQG)HH6FKHGXOH&RQWUDFWRUVKDOOEHFRPSHQVDWHGIRUWKHSHUIRUPDQFHRIDVVLJQHG VHUYLFHVDVIROORZV  &RXQW\DJUHHVWRSD\WR&RQWUDFWRUSHU\HDUSHUVSDFHIRUXSWRIRXUIXOOWLPH FKLOGFDUHVORWVVWDUWLQJLQ-DQXDU\&RXQW\ZLOORQO\FRPSHQVDWH&RQWUDFWRUIRU VSDFHVEHLQJRFFXSLHGE\DFKLOGRUUHVHUYHGIRU&RXQW\GXULQJHDFKPRQWK6DLGFKLOG FDUHSD\PHQWVPD\QRWH[FHHGDQQXDOO\  &RQWUDFWRUVKDOOQRWLI\&RXQW\ZLWKLQZRUNLQJGD\VRIDFKLOGFDUHVORWYDFDQF\ 9DFDQFLHVRIVXFKVORWVVKDOOEHILOOHGZLWKLQGD\VLIWKHUHLVDZDLWLQJOLVWDWWKHWLPH RIQRWLILFDWLRQ,IWKHFKLOGFDUHVORWLVQRWILOOHGZLWKLQWKLVWLPHIUDPHWKH&RXQW\PD\ GHGXFWDSURUDWDDPRXQWIURPWKHPRQWKO\SD\PHQWIRUWKHWLPHWKHFKLOGFDUHVORW UHPDLQVYDFDQW  &RXQW\ZLOOFRPSHQVDWH&RQWUDFWRUIRUWKHSXUFKDVHRIVXSSO\LWHPVVXFKDVGLDSHUV ZLSHVDQGVXSSOLHVDQGVWLSHQGVIRUWHDFKHUVGRLQJKRPHYLVLWVDVDSSURYHGE\WKH &RXQW\,QIDQW7RGGOHU6SHFLDOLVW6DLGVXSSO\SXUFKDVHVPD\QRWH[FHHGDQQXDOO\  &RXQW\ZLOOSURYLGHIXQGLQJIRU&RQWUDFWRU VVWDIIWUDLQLQJDQGRUGHYHORSPHQWLQFOXGLQJ WXLWLRQWRYRFDWLRQDOWHFKQLFDOVFKRROVFRPPXQLW\FROOHJHVDQGXQLYHUVLWLHVIRUVWDII WUDLQLQJDVLGHQWLILHGLQWKHWUDLQLQJDQGWHFKQLFDODVVLVWDQWSODQDQGWHDFKHUVWLSHQGV  DocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope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¶VLQVWUXFWLRQVDQG SDUHQW VZULWWHQDXWKRUL]DWLRQ  0HGLFDWLRQIRUPVDUHNHSWLQWKHFKLOG VILOHOLVWLQJWKHWLPHDQGGDWHPHGLFLQHZDV JLYHQDPRXQWQDPHRISHUVRQDGPLQLVWHULQJWKHPHGLFLQHDQGWKHGRVHJLYHQ  :DWFKIRUPHGLFDWLRQUHDFWLRQVUHFRUGDQGFRQWDFWSDUHQWVLIQHFHVVDU\  6WDIINQRZOHGJHRISURSHUZD\VRIKDQGOLQJPHGLFDWLRQVIRUWKHVDIHW\RIWKHFKLOGUHQ  DocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope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ocuSign Envelope ID: 926AE226-3824-40CB-8025-A8DF06D67E98 PPP (QFRXUDJHFKLOGUHQWRGRWKLQJVIRUWKHPVHOYHV QQQ 5HJXODUO\DQGFRQWLQXDOO\REVHUYLQJDQGUHFRUGLQJFKLOGUHQ VEHKDYLRUVDQG SURJUHVV RRR .QRZLQJHDFKFKLOG VFDSDELOLWLHVDQGPRGHVRIOHDUQLQJ SSS ,QFOXGHSDUHQWVLQRQJRLQJDVVHVVPHQWV TTT 5HDUUDQJLQJWKHSURJUDPHQYLURQPHQWWRUHVSRQGWRFKLOGUHQ VGHYHORSPHQWDO SURJUHVV UUU ([SDQGLQJJRDOVIRUFKLOGUHQ      DocuSign Envelope ID: 926AE226-3824-40CB-8025-A8DF06D67E98 (;+,%,7& ,QVXUDQFH&HUWLILFDWH   DocuSign Envelope ID: 926AE226-3824-40CB-8025-A8DF06D67E98