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Agmt21 Pace Supply Corp
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Agmt21 Pace Supply Corp
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Last modified
6/24/2022 10:57:55 AM
Creation date
6/24/2022 10:52:44 AM
Metadata
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Template:
Agreement
Contractor Name
Pace Supply Corp.
PROJECT NAME
Water and Sewer Material Supply Purchases
RMP File Number
304
Date
5/26/2021
MO Ref
21-087
Amendment
Yes
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REV: 05-17-2022 RL <br />AMENDMENT NO. 1 <br />TO MASTER PURCHASE AGREEMENT <br /> Pace Supply Corp. <br />This Amendment No.1 (the “Amendment No. 1”) is entered into and effective as of <br />May 26, 2022, by and between the City of Redwood City, a charter city and municipal <br />corporation of the State of California (“City”), and Pace Supply Corp., a California <br />corporation (“Vendor”) (collectively, the “Parties”). <br />RECITALS <br />A. The Parties previously executed that certain Master Purchase Agreement <br />for Goods, Commodities, and Services, dated as of May 26, 2021, (the “Agreement”). <br />B. The Parties have negotiated and agreed to the terms and conditions set <br />forth in this Amendment No. 1, including any terms and conditions of the attached Exhibit <br />A, incorporated herein by reference. <br />NOW, THEREFORE, in consideration of these recitals and the mutual covenants <br />contained herein, the Parties agree as follows: <br />1. City will pay Vendor a not-to-exceed amount of Five Hundred Fifty-Nine <br />Thousand Ninety-Eight Dollars and Forty-Four Cents ($559,098.44) for the completion of <br />all the services described in Exhibit “A”, which sum will include all costs or expenses <br />incurred by Vendor. Including all amendments through Amendment No. 1, the total <br />amount payable under the Agreement will be a not-to-exceed amount of One Million <br />Ninety-One Thousand Five Hundred Seventy-Three Dollars and Fourteen Cents <br />($1,091,573.14). <br />2. Exhibit A of the Agreement is hereby replaced in its entirety by the Exhibit <br />A attached to this Amendment No. 1, incorporated herein by reference. <br /> <br />3. Unless terminated earlier, the term of this Amendment No. 1 will be a period <br />of one year from the effective date of this Amendment No. 1. Including all amendments, <br />through Amendment No. 1, the total term of this Agreement is two years from the Effective <br />Date of this Agreement. <br />4. All other provisions of the Agreement will remain in full force and effect. <br />5. All requisite insurance policies to be maintained by Vendor pursuant to the <br />Agreement will include coverage for this Amendment No. 1. <br />6. The individuals executing this Amendment No. 1 and the instruments <br />referenced in it on behalf of Vendor each represent and warrant that they have the legal <br />power, right and actual authority to bind Vendor to the terms and conditions of this <br />Amendment No. 1. <br />ATTY/AGR.2022-Amend No. 1/Pace Supply Corp. (Page 1 of 11)
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