HomeMy WebLinkAboutLAMAR ADVERTISING OF COLORADO SPRINGS LLC - CONTRACT - RFP - P792 ADVERTISING ON EXTERIOR AND INTERIOR OF BUSESpage 1
Amendment #02 to Services Agreement
This Amendment (“Amendment”) is entered into by and between Lamar Advertising of Colorado
Springs, L.L.C. (the “Contractor”) and the City of Fort Collins, Colorado (the “City”).
WHEREAS, Contractor and the City have mutually entered into a services agreement dated
September 1, 2001 (“Agreement”); and
WHEREAS, on July 21, 2003 the parties executed the Amendment #01 to grant the City the right
to purchase additional advertising spaces for advertising and public announcements at rates set forth in
Exhibit “A” (“Amendment #01”); and
WHEREAS, the City desires to amend the Agreement to change the payment structure and to
update certain provisions; and
WHEREAS, Contractor agrees to same;
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises herein
contained, the parties agree as follows:
1. First paragraph – Change entity name from “Outdoor Promotions, Inc.” to “Lamar Advertising of
Colorado Springs, L.L.C., a Colorado limited liability corporation”.
2. Paragraph 2. b. – Change first sentence to read, “Contractor agrees to provide bus benches and bus
shelters conforming to the requirements of this Section at all bus stops where street furniture is allowed.”
3. Paragraph 2. f. - Delete entire provision.
4. Paragraph 3. Payment. a. - Change entire provision to read, “Contractor agrees to remit to the City
within ten (10) days after the end of each month throughout the remaining term of this Agreement
effective 1/1/2017 an amount equal to one hundred forty thousand four hundred and fifty four ($140,454)
dollars annually in advance. Contractor agrees to pay an annual increase thereafter according to the
Consumer Price Index (CPI) for Denver-Boulder-Greeley as published by the Bureau of Labor Statistics,
US Department of Labor, not to exceed two (2%) percent annually. The below example is provided to
illustrate the annual payment adjustment based on a 2% year over year change in the CPI.
Calendar Year Year 1 Year 2 Year 3 Year 4 Year 5
2017 $140,454
2018 $143,263
2019 $146,128
2020 $149,051
2021 $152,032
5. Paragraph 3. Payment. b. – Delete entire provision.
DocuSign Envelope ID: 4B599AC6-D041-4EC9-9B11-E964EDFE6EA7
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6. Paragraph 3. Payment. e. – Change the last sentence to read, “The City may also purchase additional
advertising space from Contractor as available. Contractor shall offer the City a discount of at least
14% off the published rate or as otherwise mutually agreed by the parties for advertising and public
announcements of the City’s sole choice, including non-commercial messages.”
7. Paragraph 7. Notices. – Change contractor address to:
Lamar Advertising of Colorado Springs LLC Lamar Advertising of Colorado Springs LLC
2649 East Mulberry Street, Unit A-20 12301 N. Grant St. #240
Fort Collins, CO 80524 Thornton, CO 80241
Attn: Trevin Bensko-Wecks, Market Manager Attn: Brent Window, VP/GM
8. Exhibit A – Delete Exhibit A.
Except as expressly amended by this Amendment #02, all other terms and conditions of the Agreement,
as previously amended by Amendment #01, shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment #02, the day and year written
below.
CITY OF FORT COLLINS:
By:
Gerry Paul
Director of Purchasing
Date: _____________________
LAMAR ADVERTISING of COLORADO
SPRINGS L.L.C.:
By:
Brent Window
Vice-President General Manager
Date: _________________________
ATTEST:
________________
APPROVED AS TO FORM:
_________________
DocuSign Envelope ID: 4B599AC6-D041-4EC9-9B11-E964EDFE6EA7
10/20/2016
Assistant City Attorney
10/20/2016
City Clerk