HomeMy WebLinkAboutNBS Government Finance Group, Inc. Assessment Services Agreement Extension and Addendum - 2019 11 19 ��tylTCe:�,
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L CITY OF WINTER SPRINGS, FLORIDA
1951)51 1126 EAST STATE ROAD 434
WINTER SPRINGS, FLORIDA 32708-2799
Telephone(407)327-1800
Assessment Services Agreement Extension and Addendum
For: Assessment Program Management Services
Original Contract Date: December 1, 2018
Vendor: NBS Government Finance Group,Inc.
TERMS
The City of Winter Springs has elected to extend the above-mentioned agreement for an
additional (1) year term as per Item 2.1 - Term and Definitions, which is located on Page 1
of the original Agreement. A price increase adjustment up to a maximum of (3%) is
authorized per the contract based on the Bureau of Labor and Statistics (PPI). For this renewal
1.7% increase will be applied.
Contract extension shall be from December V. 2019 to November 30th, 2020 and shall be
bound by all covenants, conditions, and addenda of the original agreement. Base cost shall not
exceed a total of $14,746.50. (Fourteen Thousand Seven Hundred Forty Six Dollars and
50/100)for Assessment Program Management Services as detailed in the agreement (Oak Forest
Maintenance; TLBD Capital Phase I & Maintenance, and Tuscawilla Phase III Capital &
Maintenance). This is the first contract renewal under this agreement.
ADDENDUM
None
CONSIDERATION
The City of Winter Springs has been very pleased with services provided for the Oak Forest,
TLBD and the Tuscawilla Phase III Assessment Programs for the previous contract period.
AGREEMENT
This extension is accepted according to the following:
Si atureSign e
Authorized Agent S wn loyle, City Manager
NBS Government Finance Group, Inc. Ity of inter Springs
Date:
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:
32606 Temecula Parkway,Suite'100
Temecula,CA 92592
Toll free:H00.67G.7516 (P)951.296.1997
(F)951.296.1998
nbsgov.com
October 30, 2019
Ms. Kelly Balagia,CPA
Finance Director
City of Winter Springs
1126 E.State Road 434
Winter Springs, FL 32708
Subject: Intent to Renew Assessment Program Management Services
Dear Ms. Balagia:
In accordance with the terms of the contract between the City of Winter Springs ("City")and NBS,we are
pleased to extend the contract for one year through 11/30/20,with the option to extend the contract for
an additional four years thereafter through 11/30/24,under the same terms and conditions as the original
contract for the Oak Forest Wall and Tuscawilla Lighting and Beautification District assessment programs,
assuming no significant increases to parcel counts or changes to the scope of work. I have detailed the
programs below for your reference:
• Oak Forest Maintenance District
• Tuscawilla Lighting and Beautification Maintenance District
® Tuscawilla Lighting and Beautification District Improvement Phase I
® Tuscawilla 12/12A Phase III
• Tuscawilla 12/12A Phase III Maintenance Assessment
The original contract allows for an increase of fees based on cost of living adjustments. Below is a table
that outlines the fee for the upcoming year:
12/1/19—11/30/20
Annual Fee(1) $14,746.50
(1) The annual fee is subject to COLA as stated in the original agreement and is based
on United States Department of Labor, Bureau of Labor Statistics Consumer Price
Index for all Urban Consumers(CPI-U) (US City Average;All items, not seasonally
adjusted,1982-1984=100 reference base),not to exceed three percent(3%), The
actual increase as published in September 2019 is 1.7%.
helping communities fund tomorrow
Please let me know if you have any questions or concerns. We look forward to working with the City
during the upcoming year.
Sincerely,
Dave Ketcham
Director
c
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