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First Amendment to the Agreement approved 5-15-18 with Pinnacle Petroleum to originial agreement dated 7-19-16
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84-18
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Contracts & Agreements_84-2018
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6/22/2021 3:05:21 PM
Creation date
5/23/2018 4:22:32 PM
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Contracts & Agreements
Subject
Fuel Sales Agreement
Details
First Amendment Pinnacle Petroleum to originial agreement dated 7-19-16
Date
5/15/2018
Document Number
84-2018
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FIRST AMENDMENT TO THE AGREEMENT FOR THE PROVISION OF <br />NON-PROFESSIONAL SERVICES WITH PINNACLE PETROLEUM, INC <br />This first amendment ("First Amendment") to the agreement dated July 19, 2016, (the <br />`'Agreement"), by and between the City of Redlands, a municipal corporation ("City") and Pinnacle <br />Petroleum, Inc ("Contractor"), is made and entered into this 15th day of May, 2018 <br />RECITALS <br />WHEREAS, it is the desire of City and Contractor to amend their existing Agreement, <br />specifically Article 5 entitled "Payments to Contractor," to increase Contractor's second and third <br />terms total compensation amounts for the supply of 87 Octane and Diesel fuel to the annual amount <br />of Six Hundred Forty Thousand Dollars ($640,000), <br />NOW, THEREFORE, City and Consultant agree as follows <br />AGREEMENT <br />Section 1 Article 5 of the Agreement, entitled "Payments to Contractor," is hereby <br />amended to read as follows <br />"5.1 The total annual compensation for Contractor's performance of the Services shall not <br />exceed the amount of Five Hundred Forty Thousand Dollars ($540,000) for the Initial Term <br />of this Agreement and Six Hundred Forty Thousand Dollars ($640,000) for each of the <br />Extended Terms of this Agreement, for total compensation under this Agreement being an <br />amount not -to -exceed One Million Eight Hundred Twenty Thousand Dollars ($1,820,000) <br />City shall pay Contractor on a time and materials basis up to the not to exceed amount in <br />accordance with Exhibit "B" entitled "Price and Fee Bid" attached hereto and incorporated <br />herein by reference " <br />Section 2 All other provisions of the Agreement shall remain in full force and effect <br />IN WITNESS WHEREOF, the parties have executed this First Amendment to be effective <br />as of May 15, 2018 <br />CITY OF REDLANDS PINNACLE P1?TROLEUM <br />By�� C�� By <br />Paul W Foster, Mayor j Liz <br />J <br />ATTEST <br />Anne Donaldson, City Clerk <br />I <br />I Icaldjm\Agreements\First Amendment to the Agreement with Pinnacle Petroleum docx <br />
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