HomeMy WebLinkAboutAgreement - Pun Group LLP - Financial Statement Audits of City - Signed 2020-03-164835-2267-0361v1
LAC\04706083 -1-
FIRST AMENDMENT TO THE AGREEMENT FOR SERVICES BETWEEN THE CITY OF
GILROY AND THE PUN GROUP LLP.
The Pun Group LLP
entered into that certain agreement entitled Agreement for Services , effective on March 16, 2020,
WHEREAS, City and The Pun Group LLP., have determined it is in their mutual interest to
amend certain terms of the Original Agreement.
NOW, THEREFORE, FOR VALUABLE CONSIDERATION, THE PARTIES AGREE AS
FOLLOWS:
1.The first paragraph of Article 1 (Term of Agreement) of the Original Agreement shall be
amended to read as follows:
This Agreement will become effective on March 16, 2020 and continue in effect through March
31, 2025 unless terminated in accordance with the provisions of Article 7
2.Article 4, Section A (Consideration) of the Original Agreement shall be amended to read as
follows:
CONSULTANT the amounts set forth in
however shall the total compensation paid to CONSULTANT exceed $388,363.00, which
includes a 10% contingency.
3.D Payment Schedule) of the original agreement is hereby replaced with the attached
Exhibit D
4.This Amendment shall be effective on June 1, 2023.
5.Except as expressly modified herein, all of the provisions of the Original Agreement shall remain
in full force and effect. In the case of any inconsistencies between the Original Agreement and this
Amendment, the terms of this Amendment shall control.
6.This Amendment may be executed in counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of the
dates set forth besides their signatures below.
DocuSign Envelope ID: 6A5CC685-D5ED-4571-9D4F-7295B601B97E
4835-2267-0361v1
LAC\04706083 -1-
CITY OF GILROY THE PUN GROUP LLP.
By:
By:
[signature]
Jimmy Forbis [signature]
Kenneth H. Pun
[employee name]
City Administrator [name]
Managing Partner
[title/department] [title]
Date: Date:
Approved as to Form ATTEST:
City Attorney City Clerk
DocuSign Envelope ID: 6A5CC685-D5ED-4571-9D4F-7295B601B97E
6/29/2023
PAYMENT SCHEDULE
Maximum Fees
Not to exceed amounts for year ended June 30.
Fiscal Year Amount 10% Contingency Total
2020 66,500$ 6,650$ 73,150$
2021 68,495 6,850 75,345
2022 70,550 7,055 77,605
2023 72,666 7,267 79,933
2024 74,846 7,485 82,331
DocuSign Envelope ID: 6A5CC685-D5ED-4571-9D4F-7295B601B97E