2009/09/15 Chandler Asset Management, Inc. Amendment 1, change to effective date and term, compensation AMENDMENT NO. 1 TO PROFESSIONAL SERVICES AGREEMENT
AGREEMENT BETWEEN CHANDLER ASSET MANAGEMENT (CONSULTANT)
AND THE CITY OF MENIFEE
This is Amendment No. 1 to that certain AGREEMENT for Professional Services
Agreement ("Agreement") made on September 15, 2009 by and between the City of Menifee
("City") and Chandler Asset Management (Consultant) which Amendment is made and entered
into on September 15, 2009, to increase the scope of work and compensation as indicated
below:
1. Section 1, "Effective Date and Term" is amended to read as follows:
1. Effective Date and Term. This agreement shall become effective on the 15th day
of September, 2009 and shall continue to September 14, 2016 in full force and
effect unless and until terminated in writing by CITY and/or by VENDOR.
2. Section 2, "Compensation" is amended to read as follows:
Section 1. COMPENSATION. City hereby agrees to pay Consultant as specified in
the Fee Schedule attached as Exhibit B and incorporated herein, an additional sum not to
exceed twelve thousand and 00/00 ($12,000.00) for Amendment # 1 notwithstanding any
contrary indications that may be contained in Consultant's proposal, for services to be
performed and reimbursable costs incurred under this Agreement. In the event of a conflict
between this Agreement and Exhibit A, regarding the amount of compensation, this Agreement
shall prevail. City shall pay Consultant for services rendered pursuant to this Agreement at the
time and in the manner set forth herein. The payments specified below shall be the only
payments from City to Consultant for services rendered pursuant to this Agreement. Consultant
shall submit all invoices to City in the manner specified herein. Except as specifically authorized
in advance by City, Consultant shall not bill City for duplicate services performed by more than
one person.
CITY OF MENIFEE CHANDLER ASSET MANAGEMENT
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William A. Rawlings, City Manager Nicole Dragoo, Chief P rating Officer
Attest: Approved as to Form:
Kathy Bennett, City Clerk Jo .`Fletcher, City Attorney
Professional Services Amendment with Chandler Asset. 1