ACF INC#3 FINAL OCT 29 2020 FINAL.DOCX
Extracted text (via pymupdf)
2168 characters
C-06-20-573-M-00 Amendment No. 3 AMENDMENT No. 3 To CONTRACT C-06-20-573-M-00, SMALL BUSINESS PROGRAM Between THE ARIZONA COMMUNITY FOUNDATION, INC. & MARICOPA COUNTY, ARIZONA WHEREAS, Maricopa County, Arizona (“County”) and The Arizona Community Foundation, Inc. (“Contractor”) have entered into a Contract for the Small Business Relief Program dated August 10, 2020, Amended on September 29, 2020 and Amended on October 21, 2020 (“Agreement”) County Contract No: C-06-20-573-M-00. WHEREAS, County and The Arizona Community Foundation, Inc. have agreed to further modify the Agreement by changing certain terms and conditions; NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 1. Funding for the Small Business and New Small Business Program shall be increased by $10M for a total funded amount of $71.5M. All County funds can be used to support either the Small Business or New Small Business Programs. 2. Section 10.1 is modified as follows. The county shall pay the contractor a fee at the rate of 3.25% for all funds disbursed by the contractor above $22M and below $71.5M for all programs covered by this Agreement. The total fee paid for service for the entire agreement shall not to exceed $2,036,250. 3. Section 10.1.1 Restated to: Upon approval of this amendment, or as mutually agreed upon, the County shall wire transfer (or by ACH) $5,000,000 (increments) to the Contractor. Additional funds, up to the total Program amount of $49.5 million for the Small Business and the New Business Programs will be transferred to the Contract on a mutually agreed upon schedule. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED C-06-20-573-M-00 Amendment No. 3 IN WITNESS WHEREOF, this Contract Amendment is executed on the date set forth below when executed by Maricopa County Board of Supervisors. THE ARIZONA COMMUNITY FOUNDATION, INC. President & CEO Printed Name and Title Address Date MARICOPA COUNTY: Chairman, Board of Supervisors Date Clerk, Board of Supervisors Date County Attorney, Approved as to Form Date