Loading...
Agenda 04/28/2020 Item #16F 1 (Contract #12-5957 Amendment & Extension) (;(&87,9(6800$5< 5HFRPPHQGDWLRQWRDSSURYHDQ$VVXPSWLRQ$VVLJQPHQWDQG([WHQVLRQRI$JUHHPHQW1R DFNQRZOHGJLQJWKHDVVLJQPHQWRIWKDWDJUHHPHQWWR3XEOLF)LQDQFLDO0DQDJHPHQW,QF¶V WKH³&RQVXOWDQW´ DIILOLDWH3)0)LQDQFLDO$GYLVRUV//& ³3)0´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³5)3´  SURFHVV ZKLFK FXOPLQDWHG ZLWK WKH %RDUG DSSURYLQJ WKH DWWDFKHG $JUHHPHQW 1R  RQ 0D\   WKH ³$JUHHPHQW´   7KH %RDUG SUHYLRXVO\ H[WHQGHG WKH $JUHHPHQWRQ$SULOEXWLWLVVFKHGXOHGWRH[SLUHLQ0D\2Q2FWREHUWKH &RQVXOWDQWWKURXJKWZRSLHFHVRIFRUUHVSRQGHQFHRIWKDWVDPHGDWHQRWLILHGWKH&RXQW\WKDWLQDQHIIRUW WREHWWHUDOLJQWKHVHUYLFHVLWSURYLGHVWRWKH&RXQW\LWZDVDVVLJQLQJWKH$JUHHPHQWWRLWVPRVWUHJXODWRU\ DSSURSULDWHDIILOLDWHHQWLW\3)0DPXQLFLSDODGYLVRUUHJLVWHUHGZLWKWKH6(&WKH065%DQGUHJLVWHUHG WRFRQGXFWEXVLQHVVLQWKH6WDWHRI)ORULGD&RSLHVRIWKH&RQVXOWDQW¶VFRUUHVSRQGHQFHLVDWWDFKHGKHUHWR DV([KLELW³%´7KH&RXQW\0DQDJHU¶V2IILFHDFNQRZOHGJHGWKLVPLQLVWHULDOFKDQJHLQWKH&RXQW\¶V UHODWLRQVKLSZLWKWKH&RQVXOWDQW¶VDIILOLDWH3)0E\FRXQWHUVLJQLQJWKH2FWREHUFRUUHVSRQGHQFH 6HFWLRQHLJKWVXEVHFWLRQRI6HFWLRQRIWKH&RGHRI/DZVDQG2UGLQDQFHVRI&ROOLHU&RXQW\ )ORULGD WKH³&RGH´ SURYLGHVDQH[HPSWLRQWRWKHFRPSHWLWLYHSURFHVVWRSURFXUHILQDQFLDOVHUYLFHVZKHQ LQWKHEHVWLQWHUHVWRIWKH&RXQW\7KH&RXQW\0DQDJHUKDVGHWHUPLQHGDQGLVUHFRPPHQGLQJWKDWLWLVLQ WKHEHVWLQWHUHVWRIWKH&RXQW\WRH[WHQGWKH$JUHHPHQWDVVLJQHGWR3)0DVSHUPLWWHGXQGHU&RGH 6HFWLRQHLJKWVXEVHFWLRQ$FRS\RIWKH$JUHHPHQW DQGWKHSUHYLRXVH[WHQVLRQ LVDWWDFKHG1R FKDQJHVWRWKH$JUHHPHQW¶VUDWHVDQGSURYLVLRQVLVUHTXHVWHG 3)0LVDQLQGHSHQGHQWILQDQFLDODGYLVRU7KHILUP¶VVXEVWDQWLDOH[SHULHQFHLQSXEOLFILQDQFHDQGSXEOLF GHEWSODFHPHQWFRXSOHGZLWKNQRZOHGJHRIWKH&RXQW\¶VGHEWVWUXFWXUHDQGVWDWHZLGHFOLHQWHOHKDVSURYHG H[WUHPHO\YDOXDEOHLQDVVLVWLQJZLWKPDQDJHPHQWRIWKH&RXQW\¶VGHEWSRUWIROLR$VDPHPEHURIWKH &RXQW\GHEWPDQDJHPHQWWHDP3)0KDVUHFRPPHQGHGVXFFHVVIXOO\WRWKH%RDUGUHILQDQFLQJRIJHQHU DO JRYHUQPHQWDOHQWHUSULVHDQG&5$GHEWLQH[FHVVRIPLOOLRQVLQFH2FWREHURIDWDQHWSUHVHQW YDOXHLQWHUHVWVDYLQJVLQH[FHVVRIPLOOLRQRYHUWKHOLIHRIWKHSRUWIROLR*HQHUDOJRYHUQPHQWDOGHEW UHVWUXFWXULQJFRPSULVHGPLOOLRQRYHUWKDWVDPHSHULRGUHVXOWLQJLQDUHGXFHGFRVWRIERUURZLQJ WRWDOLQJPLOOLRQDQQXDOO\ 0DLQWDLQLQJWKHFRQWLQXLW\WKDWH[LVWVFXUUHQWO\EHWZHHQ20%VWDII&OHUN¶VILQDQFHVWDIIERQGFRXQVHO DQGWKHILQDQFLDODGYLVRULVFULWLFDOWRDQHIIHFWLYHZRUNLQJUHODWLRQVKLSRQHWKDWZLOOFRQWLQXHWREHQHILW WKH&RXQW\DVGHEWUHVWUXFWXULQJLVHYDOXDWHGDQGQHZILQDQFLQJLVFRQVLGHUHG ),6&$/,03$&77KHDYHUDJHDQQXDOVSHQGIRUDQGKDVWRWDOHG *52:7+0$1$*(0(17,03$&71RQH /(*$/&216,'(5$7,2167KLVLWHPLVDSSURYHGDVWRIRUPDQGOHJDOLW\DQGUHTXLUHVPDMRULW\YRWH IRU%RDUGDSSURYDO657 ) 3DFNHW3J  5(&200(1'$7,217RDSSURYHDQ$VVXPSWLRQ$VVLJQPHQWDQG([WHQVLRQRI$JUHHPHQW1R DFNQRZOHGJLQJWKHDVVLJQPHQWRIWKDWDJUHHPHQWWR3XEOLF)LQDQFLDO0DQDJHPHQW,QF¶V WKH ³&RQVXOWDQW´ DIILOLDWH3)0)LQDQFLDO$GYLVRUV//& ³3)0´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¶V WKH³&RQVXOWDQW´ DIILOLDWH3)0)LQDQFLDO$GYLVRUV//& ³3)0´ DQGH[WHQGLQJ WKDWDJUHHPHQWZLWK3)0WKURXJK0D\DVDQH[HPSWLRQWRWKHFRPSHWLWLYHSURFHVVXQGHU 6HFWLRQRIWKH&RGHRI/DZVDQG2UGLQDQFHVRI&ROOLHU&RXQW\)ORULGD 0HHWLQJ'DWH 3UHSDUHG E\ 7LWOH±2IILFHRI0DQDJHPHQWDQG%XGJHW 1DPH'HEUD:LQGVRU $0 6XEPLWWHGE\ 7LWOH'LYLVLRQ'LUHFWRU&RUS)LQ 0JPW6YF±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