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14728 1 RESOLUTION NO. 14,728 2 3 A RESOLUTION TO EXTEND A CONTRACT WITH THE LITTLE ROCK 4 REGIONAL CHAMBER OF COMMERCE, IN AN AMOUNT NOT TO 5 EXCEED THREE HUNDRED THOUSAND DOLLARS ($300,000.00), TO 6 PROVIDE ECONOMIC DEVELOPMENT CONSULTING SERVICES; 7 AND FOR OTHER PURPOSES. 8 9 WHEREAS,pursuant to Little Rock,Ark.,Resolution No. 14,546(April 18,2017),the City authorized 10 a contract with the Little Rock Regional Chamber of Commerce for Economic Development Consulting 11 Services; and, 12 WHEREAS,Section 1 of Resolution No. 14,546,as well as the Terms of Award provision in Request 13 for Qualifications (RFQ)No. 17109 "Economic Development Consulting Services" authorized a one(1)- 14 year award that may be extended up to three (3) additional one (1)-year terms, or a portion of a year, by 15 mutual agreement of the parties; and, 16 WHEREAS,the City and the Little Rock Regional Chamber of Commerce have mutually agreed to 17 extend this agreement for one(1)-year, leaving a possibility of two(1)additional one(1)-year extension; 18 NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 19 OF LITTLE ROCK,ARKANSAS: 20 Section 1. The Board of Directors hereby authorizes the City Manager to enter into a contract with 21 the Little Rock Regional Chamber of Commerce to provide Economic Development Consulting Services 22 to the City in accordance with the terms and conditions offered in the proposal submitted in response to the 23 RFQ Bid No. 17109,in an amount not to exceed Three Hundred Thousand Dollars($300,000.00)for 2018; 24 provided, that by mutual agreement of the parties the contract can be extended for the same amount of 25 consideration for a full one (1)-year term beginning on January 1, 2019; and, provided further, that by 26 mutual agreement of the parties, the agreement may be extended for additional one (1)-year terms for the 27 same amount of consideration but in no event,not after December 31,2020. 28 Section 2. Funds for the Economic Development Consulting Services pursuant to the contract 29 authorized by this resolution will be made available by amendment to the 2018 Adopted Budget in Account 30 No. 100000-66090. 31 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 32 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 33 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 34 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the 35 resolution. [Page 1 of 2] 1 Section 4. Repealer. All resolutions, bylaws, and other matters inconsistent with this resolution are 2 hereby repealed to the extent of such inconsistency including, but not limited to, Little Rock, Ark., 3 Resolution No. 14,546(April 18,2017). 4 ADOPTED: February 20,2018 5 ATTEST. APPRO /D: 6 Wit / / / 44 7 ?Ailb.b.i.. , J/ ' Afd/ / 8 usan le . Clerk Mark Stodola,Mayor 9 APPR�'�� ' .� � � LEGAL FORM: 10 11 k / a4. i 12 Thomas M. Carpenter,City A 'orney 13 // 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // • 31 // 32 // 33 // 34 // 35 // 36 // [Page 2 of 2]