The URL can be used to link to this page

Agenda 04/28/2020 Item #16E 3 (Contract #18-7263 Amendment) (;(&87,9(6800$5< 5HFRPPHQGDWLRQ WRDSSURYHDQ$PHQGPHQWWR$JUHHPHQW1XPEHUIRUWKH&RXQW\¶V9LVD &RPPHUFLDO&UHGLW&DUGZLWK-30RUJDQ&KDVH%DQN1$ 2%-(&7,9(7R SURPRWHDFFRXQWDELOLW\DQGWLPHO\SD\PHQWVWRWKH&RXQW\¶V9LVD&RPPHUFLDO &UHGLW&DUGSURJUDPE\FKDQJLQJWKHDFFRXQWF\FOHDQGSD\PHQWWHUPV &216,'(5$7,2162Q-XQHWKH%RDUGDSSURYHGWKHVHOHFWLRQRI-30RUJDQ&KDVH%DQN 1$³-30RUJDQ´DVWKH&RXQW\¶V9LVD&RPPHUFLDO&UHGLW&DUGSURYLGHUXQGHU$JUHHPHQW1XPEHU WKH³$JUHHPHQW´7KH&RXQW\EHJDQIXOOLPSOHPHQWDWLRQRIWKDWQHZSURJUDPLQ-DQXDU\ 2YHUWKHSDVW\HDU&RXQW\VWDIIKDVZRUNHGFORVHO\ZLWK-30RUJDQDQGVWDIIZLWKWKH&OHUNRIWKH &LUFXLW&RXUWWRDGGUHVVDGMXVWPHQWVWKDWQHHGWREHPDGHWRHQVXUHWLPHO\SD\PHQWVWKDWZLOOFRLQFLGH ZLWKWKHPRQWKO\&RXQW\3XUFKDVLQJ&DUGELOOLQJF\FOH 7KHDWWDFKHGSURSRVHG$PHQGPHQWFKDQJHVWKH&RXQW\¶VPRQWKO\ELOOLQJF\FOHIURPWKHFXUUHQWELOOLQJ F\FOHZKLFKUXQVIURPWKHWK WRWKHWK RIWKHIROORZLQJPRQWKWRWKHWK RIHDFKPRQWKWKURXJKWKHWK RIWKHIROORZLQJPRQWK7KLVDGMXVWPHQWDOORZVIRUDELOOLQJF\FOHWKDWFRRUGLQDWHVZLWKRXU%RDUGRI &RXQW\ &RPPLVVLRQHUV¶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¶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¶V9LVD&RPPHUFLDO&UHGLW&DUGZLWK-30RUJDQ&KDVH%DQN1$ 0HHWLQJ'DWH 3UHSDUHG E\ 7LWOH6XSHUYLVRU2SHUDWLRQV±3URFXUHPHQW6HUYLFHV 1DPH&DWKHULQH%LJHORZ 30 6XEPLWWHGE\ 7LWOH0DQDJHU3URFXUHPHQW±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