HomeMy WebLinkAbout21- CONTRACT AMENDMENT # MT-BSTF-1-21-01A1 of 3
Big Sky Economic Development Trust Fund Contract Amendment # MT-BSTF-1-21-01A
Montana Department of Commerce City of Bozeman
COMMERCE CONTRACT #MT-BSTF-1-21-01
MONTANA DEPARTMENT OF COMMERCE
CONTRACT AMENDMENT # MT-BSTF-1-21-01A
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 MeatEater, Inc.
The Contractor and the Department mutually agree to amend Contract #MT-BSTF-1-21-01
(“Contract”), executed by them on September 16, 2020 as follows:
1. Section 1 of the Contract is amended to read:
PURPOSE
The purpose of this Contract is to provide funding for Big Sky Economic Development Trust Fund
(BSTF) Program (the Program) Economic Development Job Creation Project activities approved by
the Department which the Contractor has applied for project funds pursuant to Sections 90-1-201 et
seq., Montana Code Annotated (MCA).
Program funds have been awarded to assist the Contractor and MeatEater, Inc. 1203 N Rouse Avenue,
Suite 3B, Bozeman, MT 59715, (the “Assisted Business”) with purchase of equipment, software and
leasehold improvements and the creation of jobs in Montana.
The Assisted Business has agreed to create 35 eligible net new jobs at the project site located at
Bozeman, Montana (the “Project Site”) in the Contractor’s jurisdictional area within the Contract time
period. An eligible net new job is defined as one that is new to the company and has not been filled
before July 1, 2020. 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
$20.88 per hour, before the value of benefits is added.
In addition, the Contractor and the Assisted Business have 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.
DocuSign Envelope ID: A4E69826-9F10-4DBF-A7A5-0899077677C1
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Big Sky Economic Development Trust Fund Contract Amendment # MT-BSTF-1-21-01A
Montana Department of Commerce City of Bozeman
2. Section 6 of the Contract is amended to read:
EFFECTIVE DATE AND TIME OF PERFORMANCE
(a) This Contract shall take effect on July 1, 2020 and will terminate upon completion of the final
closeout by the Department, or by July 1, 2022, whichever comes first, unless otherwise
terminated in accordance with the terms of this Contract. The employment level of MeatEater,
Inc. one day prior to the contract effective date of July 1, 2020 is 32 permanent, full-time
employees onsite, per the certified baseline job report.
(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.
3. 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
$175,000 to be used as follows:
• Up to $161,000 (or $4,600 per job created) to assist the Assisted Business with the
purchase of equipment, software and leasehold improvements; and
• Up to $14,000 (or $400 per job created) 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 July 1, 2022 will revert to the
Big Sky Economic Development Trust Fund.
(d) The total amount to be awarded to the Contractor under the Contract shall be up to $5,000
per eligible net new job created by the Assisted Business for documented costs with
DocuSign Envelope ID: A4E69826-9F10-4DBF-A7A5-0899077677C1
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Big Sky Economic Development Trust Fund Contract Amendment # MT-BSTF-1-21-01A
Montana Department of Commerce City of Bozeman
reimbursement not to exceed a total of $175,000 for the entire Contract. The Department
will not reimburse the Contractor for any costs incurred prior to July 1, 2020, nor for any
expenses not included in the approved budget or not clearly and accurately supported by the
Contractor’s records.
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 Date
Clerk
By: ________________________________________________________________
Adam Schafer Date
Deputy Director, Montana Department of Commerce
DocuSign Envelope ID: A4E69826-9F10-4DBF-A7A5-0899077677C1
5/14/2021
5/19/2021
5/19/2021