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HomeMy WebLinkAbout19- Amendment A to Management Plan - Department of Commerce - Big Sky Economic Development Trust Fund MT-BSTF-1-19-06 - Profitable Ideas, Inc. (PIE) - ORIGINAL DOCUMENT MONTANA DEPARTMENT OF COMMERCE BIG SKY ECONOMIC DEVELOPMENT TRUST FUND MT-BSTF-1-19-06, Profitable Ideas, Inc. Amendment A to Exhibit A MANAGEMENT PLAN This Contract Amendment is entered into by and between the City of Bozeman, ("Contractor") and the Profitable Ideas, Inc., 815 Manley Rd., Bozeman, MT 59715-8840, ("Business"). The Contractor and the Business mutually agree to amend the Management Plan ("Plan"), executed by them on October 22, 2018 as follows: I. A. ADMINISTRATIVE STRUCTURE Section 2a. is amended to read: Amanda Brown, Development Assistant, will serve as the Project Administrator and will be responsible for overall coordination and all official contact with the City of Bozeman on behalf of PBN. Telephone (406)-587-3113. Section 3. is amended to read: The Assisted Business has agreed to create 20 eligible net new jobs at the project site located at Profitable Ideas, Inc., Bozeman, MT (the "Project Site"). An eligible net new job is defined as one that is new to the company and has not been filled before July 19, 2019. Eligible new job criteria is a full-time job, meaning a predominantly year-round position requiring an average of 35 hours of work each week, and pays wages that meet or exceed $19.58/per hour, excluding benefits. In addition, the Assisted Business has agreed to a total new investment at the Project site, which is equal to or greater than $1 for every$1 of BSTF financial assistance received, within this Contract time period. The following Assisted Business official will be responsible for the implementation of the project: a. Renee Storm, Senior Project Coordinator, Profitable Ideas, Inc., will serve as the Project Representative for the Assisted Business and will be the liaison with the Project Administrator. She will have responsibility for all official contacts with the City. Telephone: (406) 582-7826. b. Andi Baldwin, Managing Director and Partner, Profitable Ideas, Inc., will assist with management of this BSTF grant awarded to City of Bozeman as needed. Telephone: (406) 582-0695. IL B. PROJECT MANAGEMENT Section 2. of the Plan is amended to read: Amanda Brown, Development Assistant, Project Administrator is responsible for the following project activities and will: a. Assist City of Bozeman and the Department in developing the City's contract, along with all the required paperwork, with the Department that will address all requirements related to effective project start-up and implementation. 1 of 4 City of Bozeman Management Plan MT-BSTF-1-19-06, Profitable Ideas, Inc. Amendment b. Assist the City and Profitable Ideas Inc. with the preparation of a Business Assistance Agreement. C. Establishing and maintaining complete and accurate project files and preparing all documentation and reports incidental to administration of the project. d. Assist the assisted business with the baseline and subsequent Job Creation Report and Job Creation Certification. e. Meet regularly with the Assisted Business to monitor the business's compliance with the requirements of the grant assistance agreement including implementation of the project hiring or hiring/training plan. f. Reviewing all proposed project expenditures or payment requests from the business to ensure their propriety and proper allocation of expenditures to the BSTF project budget. g. In cooperation with the Project Manager, process payment requests and preparing payment requests for the Department, including the Request for Payment Form and the Project Progress Report with each payment request and quarterly as specified by the Department. h. Assist the City during the BSTF on-site monitoring visit which is conducted to ensure compliance with the requirements of the BSTF contract. i. Preparing all required performance reports and Project Closeout Certification for submittal to the Department. j. Closing the BSTF project in a timely fashion within the period of the contract between the Department and City of Bozeman. k. Attend City of Bozeman meetings to provide project status reports and representing the BSTF project at any other public meetings as deemed necessary by the City. I. It is understood and agreed that PBN services within this Management Plan does not include any of the following: the disbursement or accounting of funds distributed by City of Bozeman's financial officer, legal advice, fiscal audits or assistance with activities not related to the BSTF project. III. C. FINANCIAL MANAGMENT Section 2. of the Plan is amended to read: Assisted Business — Project Funds a. As outlined in the BSTF Contract, the Assisted Business will receive up to $4,600 per eligible net new job created by the Assisted Business for documented cost with reimbursement not to exceed a total of$92,000. b. An eligible net new job is defined as one that is new to the company and has not been filled before July 19, 2018. Eligible new job criteria is a full-time job, meaning a predominantly year-round position requiring an average of 35 hours of work each week, and pays wages that meet or exceed $19.58 per hour, excluding benefits. 2 of 4 City of Bozeman Management Plan MT-BSTF-1-19-06, Profitable Ideas, Inc. Amendment A Section 3. of the Plan is amended to read: Prospera Business Network -Administration Funds a. As outlined in the BSTF grant, PBN may receive up to $400 per eligible net new job created by the Assisted Business. PBN administration fees shall not exceed $8,000 per the BSTF grant award. IV. All other provisions of the Contract remain in full force and effect. WE HAVE READ THE MANAGEMENT PLAN AND ARE AWARE OF THE RESPONSIBILITIES FOR THE MANAGEMENT AND OVERALL SUCCESS OF THE BSTF PROJECT AS THE DESIGNATED LIAISONS FOR THE PROJECT: CITY PROJECT MANAGER Brit Fontenot, City of Bozeman Date FISCAL CONTACT Kristin Donald, Financial Director Date PROSPERA PROJECT ADMINISTRATOR Paul Reichert, Prospera Business Network Date PROFITABLE IDEAS INC., PROJECT REPRESENTATIVE Renee Storm, Profitable Ideas, Inc. Date 3 of 4 City of Bozeman Management Plan MT-BSTF-1-19-06, Profitable Ideas, Inc. Amendment A IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the 15 day of MAY , 2019. CITY O t A COMMISSION yndy Andru ay Date PROSPERA BUSINESS NETWORK Carolyn Murray, Director of Finance Date Amanda Brown, Development Assistant Date PROFITABLE IDEAS, INC. Tom McMakin, CEO Date Renee Storm, Senior Project Coordinator Date Andi Baldwin, Managing Director and Partner Date 11 FU.UJ E)V-Uf(-fD RIC/ V IPr pQul.S(6N 4 of 4 City of Bozeman Management Plan MT-BSTF-1-19-06, Profitable Ideas, Inc. Amendment A