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2021 ClearSource Financial Amendment 1 - STVR Fees UpdateAMENDMENT NO. 1 TO SHORT-FORM SERVICES AGREEMENT WITH CLEARSOURCE FINANCIAL CONSULTING, LLC. This Amendment No. 1 (“Amendment 1”) to Short-Form Services Agreement ("Agreement”) is made and entered into as of the 1st day of March, 2021, ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a California municipal corporation and ClearSource Financial Consulting, CA LLC (“Vendor””). RECITALS WHEREAS, on or about October 1, 2020, the City and Vendor entered into an Agreement to provide services related to cost of service fee analysis for short-term vacation rental (STVR) regulatory program, for a total not to exceed amount of $4,500. The term of the Agreement expires on June 30, 2021; and WHEREAS, due to additional recent revisions to the STVR program rules and permit types, correlating additional STVR permit fees revisions are needed as well for residential dwellings within a residential project subject to a “mitigation fee;” and WHEREAS, the City and Vendor mutually agree to amend Section 3 – Scope and Schedule of Services of the Agreement to include the additional services listed in the recital above; and WHEREAS, the City and Vendor mutually agree to amend Section 5 – Compensation of the Agreement by an addition $2,100, for a total not to exceed amount of $6,600 under the Agreement, for the additional services. 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 3. Scope and Schedule of Services is amended pursuant to the attached Exhibit B, dated March 1, 2021, attached hereto and incorporated herewith by this reference. ϳϵϲϬ^KYh>Z/s͕^h/dϯϲϯͮWdK^͕>/&KZE/ϵϱϬϬϯ ϴϯϭ͘Ϯϴϴ͘ϬϲϬϴͮttt͘>Z^KhZ&/EE/>͘KD March 1͕ϮϬϮϭ /dzK&>Yh/Ed ƚƚŶ͗DŽŶŝĐĂZĂĚĞǀĂ͕ŝƚǇůĞƌŬ ϳϴͲϰϵϱĂůůĞdĂŵƉŝĐŽ >ĂYƵŝŶƚĂ͕ĂůŝĨŽƌŶŝĂϵϮϮϱϯ sŝĂŵĂŝůdƌĂŶƐŵŝƐƐŝŽŶ͗DZĂĚĞǀĂΛůĂƋƵŝŶƚĂĐĂ͘ŐŽǀ WZKWK^DEDEd͗K^dK&^Zs/E&E>z^/^&KZ^,KZd dZDsd/KEZEd>Z'h>dKZzWZK'ZD ĞĂƌDƐ͘ZĂĚĞǀĂ͗ dŚĂŶŬǇŽƵĨŽƌƚŚĞŽƉƉŽƌƚƵŶŝƚǇƚŽŽŶĐĞĂŐĂŝŶƐĞƌǀĞƚŚĞŝƚǇŽĨ>ĂYƵŝŶƚĂďǇƉƌŽǀŝĚŝŶŐĐŽƐƚŽĨƐĞƌǀŝĐĞĨĞĞ ĂŶĂůǇƐŝƐ ĨŽƌ ŝƚƐ ƐŚŽƌƚͲƚĞƌŵ ǀĂĐĂƚŝŽŶ ƌĞŶƚĂů ƌĞŐƵůĂƚŽƌǇ ƉƌŽŐƌĂŵ͘dŚĞ ĨŽůůŽǁŝŶŐ ŽƵƚůŝŶĞƐ Ă ƉƌŽƉŽƐĞĚ ĂŵĞŶĚŵĞŶƚƌĞƋƵĞƐƚĨŽƌƚŚĞŽƐƚŽĨ^ĞƌǀŝĐĞ&ĞĞĂŶĚ&ĞĞŶĂůǇƐŝƐĨŽƌƚŚĞŝƚǇ͛Ɛ^ŚŽƌƚdĞƌŵsĂĐĂƚŝŽŶ ZĞŶƚĂůZĞŐƵůĂƚŽƌǇWƌŽŐƌĂŵ͘dŚĞƉƌŽƉŽƐĞĚĂŵĞŶĚŵĞŶƚŝƐŽƵƚůŝŶĞĚĂƐĨŽůůŽǁƐ͗ xKƌŝŐŝŶĂůŐƌĞĞŵĞŶƚŵŽƵŶƚ͗Ψϰ͕ϱϬϬ;^ĞĞdĂďůĞϭͿ xŵĞŶĚŵĞŶƚZĞƋƵĞƐƚĞĚ͗ΨϮ͕ϭϬϬ xdŽƚĂůŵĞŶĚĞĚŐƌĞĞŵĞŶƚŵŽƵŶƚ͗Ψϲ͕ϲϬϬ;^ĞĞdĂďůĞϮͿ dĂďůĞϭͲKƌŝŐŝŶĂůŵŽƵŶƚ WƌŽũ͘DŐƌ͘ WƌŝŶĐŝƉĂů ^ĞŶŝŽƌ ŽŶƐ͘ ^ĞŶŝŽƌ ŽŶƐ͘ 0DGVHQ +DKQ 6FKURHGHU 3URIHVVLRQDO+RXUO\5DWHV ŽƐƚŽĨ^ĞƌǀŝĐĞ&ĞĞŶĂůǇƐŝƐĨŽƌ^ŚŽƌƚdĞƌŵsĂĐĂƚŝŽŶZĞŶƚĂůWĞƌŵŝƚƚŝŶŐWƌŽŐƌĂŵ ϭ ͮ ^ƚƵĚǇKƌŝĞŶƚĂƚŝŽŶ ϭ Ϭ Ϭ ϭ ϭϱϬΨ Ϯ ͮ ƌŝƚŝĐĂů/ŶƉƵƚƐ Ϯ Ϭ Ϯ ϰ ϲϬϬΨ ϯ ͮ ŽƐƚŽĨ^ĞƌǀŝĐĞŶĂůǇƐŝƐ Ϯ ϭ ϲ ϵ ϭ͕ϯϱϬΨ ϰ ͮ hƐĞƌͬZĞŐƵůĂƚŽƌǇ&ĞĞĞƐŝŐŶΘŽƐƚZĞĐŽǀĞƌǇ ϰ Ϭ Ϯ ϲ ϵϬϬΨ ϱ ͮ ZĞƉŽƌƚŝŶŐĂŶĚĞůŝǀĞƌĂďůĞdŽŽůƐ Ϯ Ϯ Ϭ ϰ ϲϬϬΨ ϲ ͮ ŶŐĂŐĞŵĞŶƚ ϲ Ϭ Ϭ ϲ ϵϬϬΨ ^ƵďƚŽƚĂů&ĞĞĨŽƌ^ŝŶŐůĞůĞŵĞŶƚ ϭϳ ϯ ϭϬ ϯϬ ϰ͕ϱϬϬΨ 'ƌĂŶĚdŽƚĂůEŽƚƚŽǆĐĞĞĚ&ĞĞĨŽƌůůůĞŵĞŶƚƐ ϭϳ ϯ ϭϬ ϯϬ ϰ͕ϱϬϬΨ dŽƚĂůWƌŽũĞĐƚ WƌŽũĞĐƚůĞŵĞŶƚĂŶĚDĂũŽƌdĂƐŬ ůĞĂƌ^ŽƵƌĐĞ>ĂďŽƌ WƌŽĨĞƐƐŝŽŶĂů >ĂďŽƌ ŽŶƐƵůƚŝŶŐ &ĞĞ EXHIBIT "B" - SCOPE & SCHEDULE OF SERVICES EXHIBIT "C" - COMPENSATION FOR SERVICES dĂďůĞϮͲŵĞŶĚĞĚŵŽƵŶƚ dŚĞƉƌŽƉŽƐĞĚĂŵĞŶĚŵĞŶƚƌĞĨůĞĐƚƐƚŚĞĂĚĚŝƚŝŽŶĂůĐŽŶƐƵůƚŝŶŐĞĨĨŽƌƚƐƌĞƋƵŝƌĞĚƚŽƉƌŽǀŝĚĞŽƵƚĐŽŵĞƐĨŽƌƐƚĂĨĨ ƌĞǀŝĞǁĂŶĚŝƚǇŽƵŶĐŝůĐŽŶƐŝĚĞƌĂƚŝŽŶ͘ /ĂŵƚŚĞWƌĞƐŝĚĞŶƚŽĨůĞĂƌ^ŽƵƌĐĞ&ŝŶĂŶĐŝĂůŽŶƐƵůƚŝŶŐ͕ĂƵƚŚŽƌŝǌĞĚƚŽŶĞŐŽƚŝĂƚĞĂŶĚďŝŶĚůĞĂƌ^ŽƵƌĐĞ ĐŽŶƚƌĂĐƚƵĂůůǇ͘DǇƐŝŐŶĂƚƵƌĞŽďůŝŐĂƚĞƐůĞĂƌ^ŽƵƌĐĞƚŽƚŚĞƚĞƌŵƐŽĨƚŚŝƐƉƌŽƉŽƐĂůĂŶĚĐŽŵŵŝƚƐŽƵƌƌĞƐŽƵƌĐĞƐ ĂŶĚŬĞǇƐƚĂĨĨƚŽƚŚĞŝƚǇƚŽƚŚĞƉƌŽũĞĐƚƐĐŚĞĚƵůĞ͘tĞĂƉƉƌĞĐŝĂƚĞƚŚĞŽƉƉŽƌƚƵŶŝƚǇƚŽĐŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚ ƚŚĞŝƚǇŽĨ>ĂYƵŝŶƚĂ͘WůĞĂƐĞĨĞĞůĨƌĞĞƚŽĐŽŶƚĂĐƚƵƐŝĨǇŽƵŚĂǀĞĂŶǇƋƵĞƐƚŝŽŶƐ͘ ^ŝŶĐĞƌĞůǇ͕ dZZzD^E͕WZ^/Edͮ>Z^KhZ&/EE/>KE^h>d/E' KDWEzED͗ůĞĂƌ^ŽƵƌĐĞ&ŝŶĂŶĐŝĂůŽŶƐƵůƚŝŶŐ KEddED͗dĞƌƌǇDĂĚƐĞŶ͕WƌĞƐŝĚĞŶƚĂŶĚWƌŝŶĐŝƉĂůŽŶƐƵůƚĂŶƚ W,KEEhDZ͗ϴϯϭ͘Ϯϴϴ͘ϬϲϬϴ D/>/E'Z^^͗ϳϵϲϬ^ŽƋƵĞůƌŝǀĞ͕^ƵŝƚĞϯϲϯ͕ƉƚŽƐ͕ϵϱϬϬϯ D/>Z^^͗ƚŵĂĚƐĞŶΛĐůĞĂƌƐŽƵƌĐĞĨŝŶĂŶĐŝĂů͘ĐŽŵ t͗ǁǁǁ͘ĐůĞĂƌƐŽƵƌĐĞĨŝŶĂŶĐŝĂů͘ĐŽŵ WƌŽũ͘DŐƌ͘ WƌŝŶĐŝƉĂů ^ĞŶŝŽƌ ŽŶƐ͘ ^ĞŶŝŽƌ ŽŶƐ͘ 0DGVHQ +DKQ 6FKURHGHU 3URIHVVLRQDO+RXUO\5DWHV ŽƐƚŽĨ^ĞƌǀŝĐĞ&ĞĞŶĂůǇƐŝƐĨŽƌ^ŚŽƌƚdĞƌŵsĂĐĂƚŝŽŶZĞŶƚĂůWĞƌŵŝƚƚŝŶŐWƌŽŐƌĂŵ ϭ ͮ ^ƚƵĚǇKƌŝĞŶƚĂƚŝŽŶ ϭ Ϭ Ϭ ϭ ϭϱϬΨ Ϯ ͮ ƌŝƚŝĐĂů/ŶƉƵƚƐ ϯ Ϭ Ϯ ϱ ϳϱϬΨ ϯ ͮ ŽƐƚŽĨ^ĞƌǀŝĐĞŶĂůǇƐŝƐ ϱ ϭ ϲ ϭϮ ϭ͕ϴϬϬΨ ϰ ͮ hƐĞƌͬZĞŐƵůĂƚŽƌǇ&ĞĞĞƐŝŐŶΘŽƐƚZĞĐŽǀĞƌǇ ϴ Ϭ Ϯ ϭϬ ϭ͕ϱϬϬΨ ϱ ͮ ZĞƉŽƌƚŝŶŐĂŶĚĞůŝǀĞƌĂďůĞdŽŽůƐ ϰ Ϯ Ϭ ϲ ϵϬϬΨ ϲ ͮ ŶŐĂŐĞŵĞŶƚ ϭϬ Ϭ Ϭ ϭϬ ϭ͕ϱϬϬΨ ^ƵďƚŽƚĂů&ĞĞĨŽƌ^ŝŶŐůĞůĞŵĞŶƚ ϯϭ ϯ ϭϬ ϰϰ ϲ͕ϲϬϬΨ 'ƌĂŶĚdŽƚĂůEŽƚƚŽǆĐĞĞĚ&ĞĞĨŽƌůůůĞŵĞŶƚƐ ϯϭ ϯ ϭϬ ϰϰ ϲ͕ϲϬϬΨ WƌŽũĞĐƚůĞŵĞŶƚĂŶĚDĂũŽƌdĂƐŬ ůĞĂƌ^ŽƵƌĐĞ>ĂďŽƌ dŽƚĂůWƌŽũĞĐƚ WƌŽĨĞƐƐŝŽŶĂů >ĂďŽƌ ŽŶƐƵůƚŝŶŐ &ĞĞ