HomeMy WebLinkAboutThe Penalty Box-Amendment to Contract Agreement-12.14.2009 Disaster Recovery Business Rental Assistance Program
AMENDMENT TO CONTRACT AGREEMENT
Contract # BRAP033 (Amendment No. 1)
THIS AMENDMENT is made to a certain Contract dated the 28th day of September,
2009 (herein referred to as the Contract), by and between the City of Waterloo, Iowa (herein
referred to as the City) and Cross Checking, Inc. d.b.a. The Penalty Box (herein referred to as the
Business),
WITNESSETH:
WHEREAS, the City and the Business have heretofore entered into a certain Contract
(Contract# BRAP033) dated the 28th day of September, 2009; and,
WHEREAS, pursuant to Contract # BRAP033, the City provided financial assistance in
the form of a grant in the amount of$20,706.42; and,
WHEREAS, the financial assistance included the base rent amount and applicable triple
net expenditures, including building insurance and taxes; and,
WHEREAS, the original contract included all of the businesses insurance premiums and
not the building insurance premium only; and,
WHEREAS, the guidelines for the Business Rental Assistance Program only provide for
building insurance premiums to be eligible for reimbursement, and the City and the Business
desire to amend the Contract Agreement dated the 28th day of September, 2009 in order to reduce
the total award amount to exclude the ineligible triple net expenditures in the amount of
$1,507.98, with a revised total financial assistance in the amount of$19,198.44.
NOW, THEREFORE, the parties agree to amend page 1 of the Contract Agreement
dated the 28th day of September, 2009 by changing the total financial assistance amount from
$20,706.42 to $19,198.44. The Business agrees to repay to the City $1,507.98 for the ineligible
assistance received. All other terms and conditions of the Contract Agreement shall remain in
full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed,
effective as of the last date stated below.
CITY OF WATERLOO,IOWA CROSS CHECKING, INC. D.B.A.
THE PENALTY BOX
,aZ,ZY,Z1/1"
Tim Hurley, . ayor Mark Frost
Date: Igkild Date: Oh
�r