SEVENTEENTH AMENDMENT TO THE CONTRACT FOR WORKFORCE SERVICES BETWEEN THE ALACHUA/BRADFORD REGIONAL WORKFORCE BOARD d/b/a FLORIDAWORKS AND THE FLORIDA INSTITUTE FOR WORKFORCE INNOVATION, INC. THIS Seventeenth Amendment (“Seventeenth Amendment”) to Contract # 01-01-09/10 (the “Contract”), is entered into by and between The Alachua/Bradford Regional Workforce Board d/b/a FloridaWorks (the “Board”), and The Florida Institute for Workforce Innovation, Inc. d/b/a the Institute for Workforce Innovation, a not-for-profit corporation organized and existing under the laws of the State of Florida, (the “Contractor”). The Board and the Contractor each is sometimes referred to herein as a “Party” and together are sometimes referred to herein as the “Parties”. RECITALS WHEREAS, the Contractor is presently providing services under the Contract number referenced above; and WHEREAS, the Contractor has agreed to reduce its Contract Amount without any reduction in staffing, services, or performance; and WHEREAS, the amount being voluntarily relinquished by the Contractor will be used by the Board to fund additional Individual Training Accounts (ITA’s); and WHEREAS, the Parties agree to comply with the Contract as amended by all the terms and provisions of this Seventeenth Amendment, including all Attachments and any of their respective enclosures and other attached and referenced documents that are expressly incorporated herein. NOW THEREFORE, in consideration of the premises and the mutual covenants and obligations, and other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the Parties amend the Contract as follows: AMENDMENT 1. The Contract is amended as specified herein. 2. This Seventeenth Amendment is effective February 1, 2014 and expires June 30, 2014, subject to the performance, termination, and loss of funding clauses of the Contract. 3. Section 2.1 Allocated Funds of the Sixteenth Amendment to the Contract is deleted in its entirety and replaced with: Subject to Section 2.2 of the Contract, the maximum funds allocated for the Services, fees, and performance outcomes specified in this Seventeenth Amendment are one million seven hundred eighty thousand one hundred eighty six dollars and no cents ($1,780,186.00), (the “Contract Amount”). 4. Unless otherwise terminated or amended as provided for in the Contract, as of the effective date of this Seventeenth Amendment, the remaining Contract Amount being seven hundred thirty two thousand eight hundred eighty one dollars and forty one cents ($732,881.41), eighty-five percent (85%) being six hundred twenty two thousand nine hundred forty nine dollars and twenty cents ($622,949.20) shall be earned in five (5) equal monthly payments of one hundred twenty four thousand, five hundred eighty nine dollars and eighty four cents ($124,589.84). 1 5. Unless otherwise terminated or amended as provided for in the Contract, the remaining fifteen percent (15%) of the remaining Contract Amount, being one hundred nine thousand nine hundred thirty two dollars and twenty one cents ($109,932.21) shall be earned in five (5) equal monthly payments of twenty one thousand nine hundred eighty six dollars and forty four cents ($21,986.44), subject to the Contractor achieving the performance measures specified in Attachment K.3 – Performance Measures - 070113063014. The Contractor will provide documentation of the delivery of those Performance Measures to the Board’s AE within twenty (20) days following the end of each quarter. A review and reconciliation of the Performance Measures will be performed on a quarterly basis. The retention of the Performance Measure payments shall be cumulative over the current Term of the Contract, i.e., Performance Measure amounts paid and not earned in one quarter because of a failure as of the end of that quarter to achieve a certain Performance Measure will not be permanently foregone, but instead shall be deducted from Contractor’s next monthly invoice and then paid in a later quarter if the cumulative performance measured in a later quarter reaches the level required for performance payment relating to the earlier quarter and to the later quarter cumulatively. Any Performance Measure amounts paid but not earned at the end of the term of the current Term of the Contract shall be identified in Contractor’s financial closeout documents and refunded to the Board. Any Performance Measure amounts earned at the end of the Term, but not yet paid, shall be identified and submitted in the Contractor’s financial closeout documents to the Board. 6. Attachment B.7 – Budget - 070113-063014 is deleted in its entirety and replaced with Attachment B.8 – Budget - 020114-063014, which is attached to and made part of this Seventeenth Amendment. 7. The Recitals stated above are incorporated into this Seventeenth Amendment and the Contract. 8. All other terms and conditions of the Contract and the prior amendments thereto that do not conflict with or which are not superseded by the terms and conditions of this Seventeenth Amendment remain in full force and effect. IN WITNESS WHEREOF representatives of the Board and Contractor respectively set their hands on the date(s) shown below and submit that they have the legal authority to bind their respective organizations to this Seventeenth Amendment. THE FLORIDA INSTITUTE FOR WORKFORCE INNOVATION, INC. D/B/A/ THE INSTITUTE FOR WORKFORCE INNOVATION Attested: _______________________ Date Name: _________________________ Signed: ________________________ Title: __________________________ Title: __________________________ Date Name: _________________________ 2 THE ALACHUA/BRADFORD REGIONAL WORKFORCE BOARD d/b/a FLORIDAWORKS Attested: _______________________ Date Name: _________________________ Signed: ________________________ Title: __________________________ Title: Board Chair________________ Date Name: Thomas McIntosh____________ Acknowledged by Florida Management Solutions, Inc. d/b/a/Focused Management Solutions (FMS), acting solely for the purposes of this Seventeenth Amendment as the Board’s administrative entity. Attested: _______________________ Date Name: ________________________ Signed: ________________________ Title: __________________________ Title: President & CEO Date Name: Angela Pate 3 ATTACHMENT B.8 – BUDGET - 020114-063014 ITEM AMOUNT BUDGET AMENDMENT 11/20/13 REVISED AMOUNTS BUDGET AMENDMENT 2/01/14 $70,905.00 $1,187,097.50 $(31,875.00) $1,155,222.50 (8,641.00) 331,445.12 REVISED AMOUNTS Salaries $1,116,192.50 Benefits 340,086.12 $- 340,086.12 41,018.38 $- 41,018.38 $- 41,018.38 252,500.00 $- 252,500.00 $- 252,500.00 Operating Indirect Marketing Total Performance Amount at Risk $- $- $- $- $1,749,797.00 $70,905.00 $1,820,702.00 $(40,516.00) $262,469.55 $10,635.75 $273,105.30 4 $$1,780,186.00
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