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i Sit /i o <br /> ID. F• 1 . <br /> I FIRST AMENDMENT TO ° ° - <br /> !a 9 <br /> GOLF COURSE MAINTENANCE AGREEMENT <br /> THISi <br /> FIRST AMENDMENT s entered into as of the 18 day of Ma v <br /> by and between INTERNATIONAL GOLF MAINTENANCE, INC. ("IGM" and 201 R <br /> i COUNTY,a political subdivision of the State of Florida ("Owner"). ) INDIAN RIVER <br /> i <br /> WHEREAS, effective October 4, 2005, IGM and Owner entered into that certain Maintenance <br /> Agreement ("Agreement") relating to Sandridge Golf Club, Vero Beach, Florida ("Course"); and <br /> t WHEREAS, section 2.1 of the Agreement grants to Owner two options to renew the <br /> e <br /> Agreement for additional five-year terms; and <br /> t WHEREAS, Owner desires to exercise the first option to renew the Agreement for one <br /> additional five-year term, in accordance with the terms of this amendment. <br /> I NOW, THEREFORE, in consideration of the mutual undertakings herein, and other good and <br /> valuable consideration, the parties hereby agree, as follows: <br /> I <br /> 1. IGM's Contact Person. Background Fact C is hereby revised to state that IGM's <br /> Contact Person shall be Greg Plotner, at the same address shown in the Agreement. <br /> ; <br /> i <br /> { 2. Renewal. Pursuant to section 2.1 of the Agreement, County hereby exercises its option <br /> to renew the Agreement for one additional five-year term, commencing on October 1, 2010, and <br /> terminating on September 30, 2015. <br /> 3. Maintenance Equipment. All language following the first two sentences in section 2.5 <br /> of the Agreement is hereby deleted, and replaced with the following: "IGM will be responsible for <br /> purchasing all future replacement equipment to fulfill the terms of this Agreement. <br /> t to <br /> Owner an annual written equipment replacement schedule at the beginning of the�firstl ands eachh <br /> subsequent year of the renewal term. The schedule shall be subject to the approval of the Course <br /> • <br /> manager." <br /> 4. Base Fee. The base fee is hereby amended, as follows: (a) The base fee for each month <br /> from April 2010 through September 2010, inclusive, shall be $88,088.25; and (b) the base fee for each <br /> year of the renewal term shall be $997,059.00, subject to a maximum of two possible CPI increases <br /> during the renewal term. Specifically, if the CPI increase equals or exceeds 3.0% from April 1, 2010 <br /> to any point in time during the renewal term, then IGM shall have the right to request an increase in the <br /> base fee not to exceed 3.0% from Owner, which Owner may approve or disapprove in its sole <br /> discretion. If Owner disapproves such increase, IGM shall have the right to renew the request on an <br /> annual basis thereafter, subject to Owner's continuing right of approval or disapproval. If Owner <br /> approves a CPI increase during the renewal term, and if the CPI increases by an amount equal to or <br /> greater than 3.0% between the effective date of the first CPI increase, and any point in time during the. <br /> remainder of the renewal term, then IGM shall have the right to request a second CPI increase, which <br /> County may approve or disapprove in its sole discretion. 1GM shall not be entitled to any other <br /> t <br /> increases in the base fee during the renewal term. <br /> Page 1 of 2 <br /> r <br /> Smea75dt Pepnnt Data.Wednesday,March 11,2015-10:28 11-OTnalDocumentc:7653,Attachment Id 1,Pave 1 <br /> r <br /> 13 <br />