4/20/2018 9:53:48 AM
7/29/2015 9:37:10 AM
Official Document Type
Agenda Item Number
International Golf Maintenance, Inc.
Golf Course Maintenance
Sandridge Golf Club
Sandridge Golf Course
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SECOND AMENDMENT TO <br />GOLF COURSE MAINTENANCE AGREEMENT <br />6-9-15 <br />673. <br />ael6- 11? <br />SECoO D <br />THIS FIRST AMENDMENT is entered into as of the 9th day of June 2015 by and between <br />INTERNATIONAL GOLF MAINTENANCE, INC. ("IGM") and INDIAN RIVER COUNTY, <br />POLITICAL SUBDIVISION OF THE State of Florida ("Owner"). <br />WHEREAS, effective October 1, 2005, IGM and Owner entered into that certain Maintenance <br />Agreement ("Agreement") relating to Sandridge Golf Club, Vero Beach, Florida ("Course") and <br />WHEREAS, section 2.1 of the Agreement grants to Owner two options -to renew the Agreement <br />for an additional five-year terms; and <br />WHEREAS, On May 18, 2010 the parties executed the First Amendment to Golf Course <br />Maintenance Agreement renewing the term through September 30, 2015. <br />WHEREAS, Owner desires to exercise the option to renew the Agreement for one additional <br />five-year term, in- accordance with the terms of this amendment and the original agreement approved <br />October 4, 2005. <br />NOW, THEREFORE, in consideration of the mutual undertakings herein, and other good and <br />valuable consideration, the parties hereby agree, as follows: <br />1. Renewal. Pursuant to section 2.1 of the Agreement, County hereby exercises its option to <br />renew the Agreement for one additional five-year term, commencing on October 1, 2015 and <br />terminating on September 30, 2020. <br />2. Base Fee. The base fee is hereby amended, as follows: (a). The base fee for each month <br />from October 1, 2015 through September 30, 2020, inclusive, shall be $88,148.43 or <br />$1,057,781 annually. If CPI increase equals or exceeds 3.0% from October 1, 2015 to any <br />point in time during the renewal term, then IGM shall have one opportunity during this <br />renewal period to request an increase in the base fee not to exceed 3.0% from Owner, which <br />Owner may approve or disapprove in its sole discretion. If Owner, disapproves such <br />increase, IGM shall have the right to renew the request on an annual basis thereafter, subject <br />to Owner's continuing right of approval or disapproval. IGM shall not be entitled to any <br />other increases in the base fee during the renewal term. <br />For the purposes of this section, the term "CPI" shall mean the Consumer Price Index — All <br />Urban Consumers: South Urban (not seasonally adjusted). <br />3. Equipment. IGM will acquire and maintain all equipment necessary to perform <br />maintenance services under the agreement. <br />4. All Remaining Terms. All remaining terms of the Agreement and First Amendment to Golf <br />Course Maintenance Agreement not expressly and directly amended herein shall remain in <br />full force and effect. <br />Page 1 of 2 <br />
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