2020-25 Goldenvoice, LLC Amendment 1- Roadrunner Art Loan at Jefferson Roundaboutta QW�Kra
-- GEM ojrbe DESERT —
MEMORANDUM
TO: Jon McMillen, City Manager
FROM: Jaime Torres, Community Resources Analyst
DATE: January 8, 2020
RE: AMENDMENT #1 WITH GOLDENVOICE TO EXTEND THE
TEMPORARY LOAN PERIOD, FOR ARTWORK CUSTODY AND
POSSESION OF "ROADRUNNER", FOR 5 ADDITIONAL YEARS.
Attached for your signature, amendment #1 with Goldenvoice to extend the temporary
loan period, for artwork custody and possession of "Roadrunner", for 5 additional years.
Please sign the attached agreement(s) and return to the City Clerk for processing and
distribution.
Requesting department shall ch.--' and attach the items below as
appropriate:
N/A Contract payments will be charged to account number:
N/A Amount of Agreement, Amendment, Change Order, etc.: $
N/A A Conflict of Interest Form 700 Statement of Economic Interests from Consultant(s) is
attached with
no reportable interests in LQ or reportable interests
N/A A Conflict of Interest Form 700 Statement of Economic Interests is not required because this
Consultant does not meet the definition in FPPC regulation 18701(2).
Authority to execute this agreement is based upon:
X Approved by the City Council on March 17, 2015
N/A City Manager's signature authority provided under Resolution No. 2019-021 for budgeted
expenditures of $50,000 or less. This expenditure is and authorized by
Director
N/A Initial to certify that 3 written informal bids or proposals were received and considered in
selection
The following required documents are attached to the agreement:
N/A Insurance certificates as required by the agreement (approved by Risk Manager on
datv) (City i►rsurps art yr in a mo nt f $40,000 as required by
the agreemen) `V — {rr� AA
N/A Performance bonds as required by the agreement (originals)
N/A City of La Quinta Business License number
N/A A requisition for a Purchase Order has been prepared (amounts over $5,000)
AMENDMENT NO. 1
TO AGREEMENT FOR TEMPORARY LOAN OF ARTWORK
WITH GOLDENVOICE
This Amendment No. 1 to Agreement with Goldenvoice, LLC
("Amendment No. 1") is made and entered into as of the 8 day of January,
2020 ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a
California municipal corporation and GOLDENVOICE, a California Limited
Liability Corporation ("Owner").
RECITALS
WHEREAS, on or about March 18, 2015, the City and Owner entered
into an Agreement for temporary loan of artwork for temporary custody and
possession of "Roadrunner" to be placed at the Jefferson St. Roundabout; and
WHEREAS, the initial term of the Agreement, Section 2 "Duration of
Loan" will expire on March 18, 2020; and
WHEREAS, the City and Owner have mutually agreed to extend the
Duration of the Loan for five additional years through March 18, 2025; and
NOW THEREFORE, in consideration of the mutual covenant herein
contained, the parties agree as follows:
AMENDMENT
In consideration of the foregoing Recitals and the covenants and
promises hereinafter contained, and for good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the parties hereto
agree as follows:
1. Section 2 - Duration of Loan is amended to read as follows:
The City shall accept the temporary loan of Artwork for a period of five
years, commencing on installation of the Artwork, which installation shall be
completed on or before June 1, 2015, and ending on the loan termination date
of five years from the installation date (the "Initial Loan Period"). Both Parties
agree to extend this agreement five additional years, through March 18, 2025
("Extended Loan Period") via Amendment 1. The Loan Period may be
shortened or extended in duration by mutual agreement between the Owner
and the City.
In all other respects, the original Agreement shall remain in effect.
IN WITNESS WHEREOF, the City and Owner have executed this
Amendment No. 1 to the Agreement on the respective dates set forth below.
CITY OF LA QUINTA a California municipal corporation
Dated:l]�
]ON MCVILLEN, City Manager
-CA�r-6f La Quinta, California
ATTEST:
MONIRA RADAVA, City iClerk
i`
City of La Quinta, Calfbrnia
APPROVED AS TO FORM:
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
GOLDENVOICE a California Limited Liability Corporation
DocuSlpned by:
ll
1/8/2020
Dated:
PAU L TOLLETT
President & Chief Executive Officer