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HomeMy WebLinkAboutC23-001 Valuewest_first amendmentFIRST AMENDMENT TO AGREEMENT BETWEEN EAGLE COUNTY, COLORADO AND VALUEWEST, INC. THIS FIRST AMENDMENT (“First Amendment”) is effective as of January 1, 2023 by and between ValueWest, Inc. a Colorado corporation (hereinafter “Consultant” or “Contractor”) and Eagle County, Colorado, a body corporate and politic (hereinafter “County”). RECITALS WHEREAS, County and Consultant entered into an agreement (C22-035) dated the 1st day of January, 2022, for certain Services (the “Original Agreement”); and WHEREAS, the Original Agreement contemplated that the Consultant would perform certain Services with compensation in an amount not to exceed $54,000.00 per year; and WHEREAS, the County desires to have Consultant perform additional Services for additional compensation as set forth below; and WHEREAS, the term of the Original Agreement expires on the 31st day of December, 2023. FIRST 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 include additional Services as described in Exhibit 1, which is attached hereto and incorporated herein by reference. 2. The compensation for the additional Services set forth in Exhibit 1 shall not exceed $16,000.00 or a total maximum compensation under the Original Agreement and this First Amendment of $70,000.00. 3. Capitalized terms in this First Amendment will have the same meaning as in the Original Agreement. To the extent that the terms and provisions of the First Amendment conflict with, modify or supplement portions of the Original Agreement, the terms and provisions contained in this First Amendment shall govern and control the rights and obligations of the parties. 4. Except as expressly altered, modified and changed in this First 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 First Amendment shall be binding on the parties hereto, their heirs, executors, successors, and assigns. DocuSign Envelope ID: 1E2C3EF4-378E-4363-A419-A691F2C998EA 2 ValueWest Amendment 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 VALUEWEST, INC By: _____________________________________ Print Name: ______________________________ Title: ___________________________________ DocuSign Envelope ID: 1E2C3EF4-378E-4363-A419-A691F2C998EA President John Zimmerman EXHIBIT 1 ADDITION TO SCOPE OF WORK EAGLE COUNTY COLORADO 2023 REAPPRAISAL At the request of the Eagle County Assessor, ValueWest Inc. is pleased to offer the following “Addition to the Scope of Work” for Commercial Reappraisal Services in Eagle County. ValueWest, Inc will work with and at the direction of the Eagle County Appraisal Manager and the “in- house” Commercial Appraisal Staff to develop the 2023 valuations and support documentation for the Basalt and El Jebel Commercial Market Area (Otherwise known as the “Super Neighborhood 2900”). In addition to all responsibilities currently included in our existing contract, for the assigned properties, ValueWest, Inc will physically review all qualified sales, update sales records, develop market valuation models in the Tyler Eagle Assessor software, ensure audit compliance and adequately train ‘in house’ staff on how to support and defend the values in this Super Neighborhood 2900. The level of value will be June 30, 2022 based on sales which occurred during the legal data collection period. Cost: The cost for this additional work shall be $16,000 paid over four months in equal $4000 increments beginning January 2023 and ending April 2023. Billing will be made as a separate line item on the existing monthly contracted billing for the existing contract. Acceptance of this “Additional Scope of Work” shall not in any way change the responsibilities or cost of the existing contract between Eagle County and ValueWest, Inc. The existing contract is in force through December 31, 2022 and set for “automatic renewal through December 2023” as of January 1, 2023. DocuSign Envelope ID: 1E2C3EF4-378E-4363-A419-A691F2C998EA