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HomeMy WebLinkAboutCity of Indianapolis/WaterFIRST AMENDMENT TO AGREEMENT THIS FIRST AMENDMENT TO AGREEMENT ("Amendment") is made this 26th day of September, 2002, by and between the Consolidated City of Indianapolis, an Indiana municipality, by and through the Board of Directors of the Department of Waterworks of the Consolidated City of Indianapolis acting as the authorized agent for Mayor Bart Peterson, the City-County Council and itself (collectively, "Indianapolis"), and the City of Carmel, an Indiana municipality, by and through its Board of Public Works and Safety acting as the authorized agent for Mayor James Brainard, the Common Council and itself (collectively, "Cannel"). WITNESSETH: WHEREAS, Indianapolis and Cannel entered into an Agreement (the "Agreement") on March 15, 2002, pertaining to the prospective sale of Assets, as defined in the Agreement, located in Clay Township, Hamilton County, which are now owned by the Department of Waterworks; WHEREAS, Paragraph 6 of the Agreement set forth a timetable for the issuance of the Joint Report, as defined in the Agreement; WHEREAS, the due to delays in retaining an independent, outside engineering finn, the target dates in the timetable for the Joint Report have not been achieved, through no fault of either party; WHEREAS, Indianapolis and Cannel desire to amend the Agreement to allow for the Joint Report timetable to be modified as set forth herein; WHEREAS, Indianapolis and Carmel have selected Hazen and Sawyer, P.C., to prepare the Joint Report, and Hazen and Sawyer has agreed to prepare the Joint Report; and WHEREAS, Hazen and Sawyer have proposed a timetable for issuance of the Joint Report that both Indianapolis and Carmel find fair and reasonable. NOW, THEREFORE, Indianapolis and Carmel agree to amend the Agreement as set forth below: Joint Report Timetable. Paragraph 6 of the Agreement is hereby struck in its entirety and replaced with the following: Joint Report. The Parties agree to hire Hazen and Sawyer, P.C., an uninterested, independent engineering firm that is not located in, and has no offices in the State of Indiana, to issue a joint report to resolve the issues set out below, with all costs to be split evenly between Cannel and Indianapolis (the "Joint Report"). The Joint Report shall be issued as set forth in the agreement among Hazen and Sawyer, Cannel and Indianapolis. The Parties acknowledge and agree that the Joint Report is being conducted to permit a determination of the costs of the sale of the Assets by Indianapolis to Carmel and to give effect to Indianapolis's desire to not harm the Waterworks. The Joint Report shall include, among other things, findings, including specific actions, attendant costs and performance dates to resolve the following: The means of Indianapolis providing finished water to the Remaining Customers and the costs that would not otherwise be incurred if the Waterworks were kept together; and The means and cost of separating the Assets from the Waterworks that would not otherwise be incurred if the Waterworks were kept together. Authority. Each party to this Amendment represents that it is duly authorized to enter into this Amendment by its own resolution, by the mayor of its respective municipality and by the council of its respective municipality. No Other Changes. All other terms and conditions of the Agreement remain unchanged. IN WITNESS WHEREOF, Cannel and Indianapolis, as defined above, acting by and through their respective designated agents, make this Amendment as of the date first above written. CARMEL BOARD OF PUBLIC WORKS AND SAFETY al BOARD OF DIRECTORS OF THE DEPARTMENT OF WATERWORKS OF THE CONSOLIDATED CITY OF INDIANAPOLIS /John Mutz, Chairman 6fthe Boar (J ,D, irectors of the Department of Waterworks of the Consolidated City of Indianapolis ("Board") Signing on Behalf of the Board Indicating Approval of this Amendment by the Board 704810-533071/285257