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HomeMy WebLinkAboutCORRESPONDENCE - RFP - 8822 CITY PARK NINE GOLF PROFESSIONAL / CONCESSIONAIRE (2)Official Purchasing Document Last updated 3/2018 Page 1 of 2 AMENDMENT #03 AGREEMENT BETWEEN THE CITY OF FORT COLLINS AND MATTHEW MAGLEY DBA THE PIN SEEKER COMPANY This Third Amendment (Amendment #03) is entered into by and between the CITY OF FORT COLLINS (the “City”) and MATTHEW MAGLEY DBA THE PIN SEEKER COMPANY (the “Contractor”). WHEREAS, the Contractor and the City entered into an Agreement effective January 1, 2019 (the “Agreement”); and WHEREAS, the Contractor and the City entered into an Amendment effective October 27, 2020 (the “Amendment #01”); and WHEREAS, the Contractor and the City entered into an Amendment effective January 7, 2022 (the “Amendment #02”); and WHEREAS, Contractor and the City desire to amend the Agreement to incorporate the annual fee adjustment for 2023 and adjust the term of the Agreement. NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises herein contained, the parties agree as follows: 1. Article 7, Term, Subparagraph 7.1 is hereby revised to include the following: The final renewal term of this Agreement shall run for thirteen (13) consecutive months, from January 1, 2023 through January 31, 2024, to align the Agreement term with fiscal reporting and annual fee adjustments. 2. Article 8, Fee for Services/Free for Conduction Business, Subparagraph 8.1, Tables 1, 2, and 3 are hereby revised and replaced with the following: The 2023 fees effective February 1, 2023 are as follows: Table 1 5 YEAR GROSS REVENUE SUMMARY 2018 2019 2020 2021 2022 Average Green Fees $517,389 $532,335 $644,187 $738,385 $816,000 $649,659 Cart Fees $92,809 $89,765 $126,457 $152,212 $153,000 $122,849 Driving Range $71,252 $73,247 $87,013 $139,559 $142,000 $10,2614 Total $681,450 $695,347 $857,657 $1,030,156 $1,111,000 $875,122 DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 Official Purchasing Document Last updated 3/2018 Page 2 of 2 Table 2 Description Calculation 5 Year Average Gross Revenue $ 870.122 14 % Gross Revenue (Annual Fee for Services) $ 122,517 95% of Annual Fee for Services $ 116,391 Monthly Installment Calculation for 12 Months $ 9,699.27 Table 3 Description Calculation Minimum Wage (2022 rate) $13.65 per hour Plus 28% Overhead $3.82 per hour Total Hourly Allotment Rate $17.47 Total Annual Allotment $56,280 Monthly Installment Calculation for 12 Months $4,690 Except as expressly amended by this Amendment #03, all other terms and conditions of the Agreement shall remain unchanged and in full force and effect. In the event of a conflict between the terms of the Agreement, Amendments #01, #02 and this Amendment #03, this Amendment #03 shall prevail. IN WITNESS WHEREOF, the parties have executed this Third Amendment the day and year shown. CITY OF FORT COLLINS: By: Gerry Paul Purchasing Director DATE: MATTHEW MAGLEY DBA THE PIN SEEKER COMPANY By: Printed: Title: CORPORATE PRESIDENT OR VICE PRESIDENT Date: DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 Owner, Head Golf Professional Matthew Magley 2/13/2023 2/13/2023 BUSINESSOWNERSINSUREDCOPYCO22060DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 ® Important Notice Description(s)INSUREDCOPYCO22060DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 INSUREDCOPYCO22060DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 INSUREDCOPYCO22060DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 INSUREDCOPYCO22060DocuSign Envelope ID: 4E1A7636-7A3B-4A19-86CB-82D54A2B82D6 DocuSign Envelope ID: 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