Title
Resolution authorizing the execution of an amendment to the Professional Services Agreement between the City and ArcoArt Plus, LLC d/b/a Trolinet, by granting an extension of time for project implementation and providing for a revised compensation schedule for the Trolley Advertising Program.
Recommendation of the City Manager
Approval.
Brief History
Pursuant to Resolution No. 2008-128, a professional services agreement (PSA) was executed between the City of Coral Gables and ArcoArt Plus, LLC d/b/a Trolinet, on January 12, 2009, for on-board trolley and print advertising within the interior of shuttle buses operated by the Coral Gables Trolley. The agreement stipulates that ArcoArt Plus will begin monthly payments of sales proceeds to the City 90 days after the execution of the PSA.
After encountering unforeseen equipment installation problems on the trolleys, ArcoArt Plus contacted the City requesting an extension of time beyond the installation completion date in order to begin payment of sales proceeds to the City. City staff members have confirmed that these unforeseen problems have caused a delay in the project implementation. In addition to the payment delays, Trolinet is requesting modification to the payment schedule as provided in the attachment. This payment schedule modification has been reviewed and approved by the City Attorney.
LEGISLATIVE ACTION:
|
Date: |
Resolution/Ordinance No. |
Comments |
|
08-26-08 |
Resolution No. 2008-128 |
Awarded Advertisement Project to ArcoArt Plus, d/b/a Trolinet |
Attachments
Resolution
Amendment 1 w/payment schedule
Resolution No. 2008-128
Advertising agreement