HomeMy WebLinkAbout20- Contract #MT-BSTF-1-20-05 - Montana Department of Commerce - Big Sky Economic Development Trust Fund Program for LumenAd, Inc. - DOCUSIGNED DOCUMENT Amendment B1 of 2
Big Sky Economic Development Trust Fund Contract Amendment # MT-BSTF-1-20-05B
Montana Department of Commerce City of Bozeman
COMMERCE CONTRACT #MT-BSTF-20-05A
MONTANA DEPARTMENT OF COMMERCE
CONTRACT AMENDMENT # MT-BSTF-20-05B
This Contract Amendment is entered into by and between the City of Bozeman, (“Contractor”) and
the Montana Department of Commerce (“Department”). Program funds have been awarded to assist
the Contractor and LumenAd, Inc.
The Contractor and the Department mutually agree to amend Contract #MT-BSTF-20-05A
(“Contract”), executed by them on November 6, 2019 as follows:
1. Section 6 of the Contract is amended to read:
EFFECTIVE DATE AND TIME OF PERFORMANCE
(a) This Contract shall take effect on May 9, 2019 and will terminate upon completion of the final
closeout by the Department, or by May 9, 2022, whichever comes first, unless otherwise
terminated in accordance with the terms of this Contract.
(b) All Program award monies must be expended by the Contractor within the timeline specified
in the Contractor’s application, which by reference is made a part of this Contract. The
Contractor may modify the implementation schedule set forth in the Contractor’s application
only upon obtaining prior approval of the Department.
(c) Each party, after termination of this Contract, remains subject to and obligated to comply with
all legal and continuing contractual obligations arising in relation to its duties and responsibilities
that may arise under the contract including, but not limited to, record retention, audits, and
indemnification.
d) The Department reserves the right to extend this Contract based on but not limited to the
Contractor’s performance of the contracted activities, the Contractor’s compliance with
program requirements and the availability of program funding.
2. Section 7 of the Contract is amended to read:
BUDGET
(a) The total amount to be awarded to the Contractor under this Contract will not exceed
$60,000.00 to be used as follows:
DocuSign Envelope ID: F7BB40AF-9E75-4642-97B1-69B378ECBD0F
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Big Sky Economic Development Trust Fund Contract Amendment # MT-BSTF-1-20-05B
Montana Department of Commerce City of Bozeman
• Up to $55,200.00 to assist the Assisted Business with the purchase of equipment, furniture,
fixtures and wage reimbursement; and
• Up to $4,800.00 for eligible administrative expenses.
(b) The Project budget is set forth in the application, as submitted by the Contractor and approved
by the Department, and as specifically incorporated by this reference. The Department must
approve budget adjustments to the Project in advance. To obtain approval of a budget
adjustment, the Contractor shall describe the rationale for a budget adjustment in writing to
the Department.
(c) Any Project expenses the Contractor fails to incur on or before May 9, 2022 will revert to
the Big Sky Economic Development Trust Fund.
3. All other provisions of the Contract remain in full force and effect.
By: ________________________________________________________________
Jeff Mihelich Date
City Manager, City of Bozeman
ATTEST:
_______________________________________________________________
Mike Maas, Clerk Date
By: ________________________________________________________________
Adam Schafer Date
Deputy Director, Montana Department of Commerce
DocuSign Envelope ID: F7BB40AF-9E75-4642-97B1-69B378ECBD0F
4/12/2021
4/16/2021
4/16/2021