Laserfiche WebLink
SECOND AMENDMENT TO <br /> GOLF COURSE MAINTENANCE AGREEMENT <br /> THIS FIRST AMENDMENT is entered into as of the 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 /> 11 <br />