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25I - AGMT - PAYMENT SRVS
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25I - AGMT - PAYMENT SRVS
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6/11/2015 4:41:41 PM
Creation date
6/11/2015 4:14:35 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
25I
Date
6/16/2015
Destruction Year
2020
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AMENDMENT TO AGREEMENT <br />THIS AMENDMENT TO AGREEMENT, is entered into on this 17th day of June 2015, <br />by and between TransFirst, LLC, (hereinafter "Consultant'), and the City of Santa Ana, a <br />charter city and municipal corporation organized and existing under the Constitution and <br />laws of the State of California (hereinafter "City "). <br />RECITALS: <br />A. The parties entered into a payment processing services agreement (Agreement #A- <br />2014 -071) dated April 18, 2014 (hereinafter "said Agreement') by which Consultant <br />has provided payment processing services to the City. <br />B. The Term of said Agreement was two (2) years effective as of October 1, 2013 and <br />ending September 30, 2015, with the acknowledgment that City had received prior <br />payment processing services from Consultant prior to the effective date of said <br />Agreement and intended said Agreement to cover payment for prior unpaid services <br />beginning October 1, 2013. <br />C. In accordance with the terms and conditions of said Agreement, the parties wish to <br />amend the Tenn to provide for an additional period ending June 30, 2016 with an <br />option, exercisable by the City, to renew said Agreement for an additional one (1) <br />year period covering July 1, 2016 through June 30, 2017. <br />D. The parties also wish to amend Compensation for the original Term and provide for <br />additional sums to be expended for the additional nine (9) month period of October 1, <br />2015 to June 30, 2016, and in the event that the City exercises the option to renew the <br />contract for a subsequent additional one (1) year period. <br />NOW THEREFORE, in consideration of the mutual and respective promises, and <br />subject to the terms and conditions hereinafter set forth, the parties agree as follows: <br />Section 2 of said Agreement, "COMPENSATION" shall be amended as follows: <br />a. City agrees to pay, and Consultant agrees to accept as total payment for its <br />services, the rates and charges identified in Exhibit A. The total sum to be expended for <br />the period from October 1, 2013 through June 30, 2015 shall not exceed $190,000.00. <br />The total sum to be expended under the third year of this Agreement from July 1, 2015 <br />through June 30, 2016 shall not exceed $95,000.00. The total sum to be expended under <br />the additional option period shall not exceed $95,000.00. <br />2. Section 3 of said Agreement, "TERM" shall be amended as follows: <br />This Amendment to Agreement shall commence on June 17, 2015 and terminate <br />on June 30, 2016, unless City exercises its option to extend the Agreement for an <br />additional one (l) year period ending June 30, 2017, or unless terminated earlier in <br />accordance with Section 12 of this Agreement. <br />251 -3 <br />
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