MBIA MuniServices - Use/Audit Services Consulting - Amendment No. 1 (2018)AMENDMENT NO. 1 TO
CONSULTING SERVICES AGREEMENT
This Amendment No. 1 is made as of December 17, 2018, by and between the City of Gilroy, a municipal
corporation ("City'), and MuniServices, LLC a Delaware limited liability company ("Consultant")
collectively the Parties.
RECITALS
A. On or about December 29, 1993, City and Consultant entered into an agreement for Sales/Use
Tax Audit services (the "Agreement").
B. The compensation for providing the audit services was a contingency fee of 25%.
C. Consultant has agreed to reduce the contingency fee to 15%.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained here, the
Parties agree as follows:
AGREEMENT
1. Amend Exhibit A Compensation & Expenses for Sales/Use Tax Allocation Audit Compensation.
Remove the first paragraph in its entirety and replace with the following:
Effective January 1, 2019, Contractor's compensation for providing the allocation audit
service is 15% of the new sales/use tax revenue received by the City as a result of
Contractor detecting and correcting the related point-of--sales/use distribution error.
Said 15% applies to all corrections identified on or after January 1, 2019.
2. Other terms:
All other terms and conditions of the Agreement remained unchanged.
IN WITNESS WHEREOF, the parties are signing this Amendment on the date stated in the introductory
paragraph.
Consultant
MuniServices, LLC
D7j�ensen
Senior Vice President
Approved as to Forme
Gilroy Cit, Attorney's Office
By
City Attorney
City of Gilroy,
a Municipal Corporation
(Dl-/
�(signature)
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(p nt name/title)
ATT T:
City lark