HomeMy WebLinkAboutCen Cal Business Finance Group, Inc - Second Amendment to Agreement for Administration of City of Fresno Revolving Loan Fund Program - 11-21-24SECOND AMENDMENT TO AGREEMENT FOR ADMINISTRATION OF CITY OF
FRESNO REVOLVING LOAN FUND PROGRAM
This SECOND AMENDMENT TO AGREEMENT for Administration of the City of Fresno
Revolving Loan Fund Program (Amendment) is effective November 21, 2024 (Effective
Date), and amends the Agreement entered into by and between the City of Fresno, a
California municipal corporation (City), and Cen Cal Business Finance Group, Inc., a
California Non-profit Corporation (Administrator).
RECITALS
A. City and Administrator entered into an agreement dated November 22, 2019,
(Agreement) to administer the City's Revolving Loan Fund (RLF). Compensation
for services is payable from and limited to the RLF income generated through
granting and collecting loans.
B. City and Administrator executed the First Amendment to the Agreement dated
September 24, 2020 (First Amendment).
C. City and Consultant now desire to amend the Agreement to extend the term of
the agreement to May 31, 2025.
AGREEMENT
NOW, THEREFORE, in consideration of the above recitals, which recitals are
contractual in nature, the mutual promises herein contained, and for other good and
valuable consideration hereby acknowledged, the parties agree that the Agreement be
amended as follows:
1. The term of the Agreement shall be extended to May 31, 2025.
2. Compensation. The parties acknowledge the total compensation provided in the
Agreement shall continue to be payable from and limited to the RLF income
generated through granting and collecting loans.
3. Except as expressly modified by this Amendment, the Agreement remains in full
force and effect. In the event of any conflict between the Agreement and this
Amendment, this Amendment shall control.
[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties have executed this Amendment on the date set
forth above.
CITY OF FRESNO, a California municipal Cen Cal Business Finance Group, Inc., a
corporation California Non-profit Corporation
By: By:-
Gec Vganne A. WhiteCitynager Name: L:C
APPROVED AS TO FORM: Title:
ANDREW JA (If corporation or LLC., Board Chair,
City Att r e Pres. or Vice Pres.)
r. �f
�4 � By:
By: ,
Kel A. Seib Date �.
Depu City Attorney Name: 1
ATTEST: Title-
4%S
TODD STERMER, CIVIC (If corporation or LLC., CFO, Treasurer,
City Clerk Secretary or Assistant Secretary)
Deputy ❑ate
2
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