HomeMy WebLinkAboutMICHAEL G MORONEY ASSOCIAES AMENDMENT 2007 A AUGUSTA REGIONAL AIRPORT
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AMEMDMENT 2007 - A
PROFESSIONAL SERVICES AGREEMENT
GENERAL ADVISORY AIRPORT CONSULTING SERVICES
AUGUSTA REGIONAL AIRPORT
Reference is made to the Professional Services Agreement (hereinafter referred to as the
"AGREEMENT") entered into as of August 20, 2002 by and between Michael G. Moroney &
Associates (MGM ASSOCIATES - the Assignee of Black & Veatch Corporation and Ricondo &
Associates) and the Augusta Aviation Commission (hereinafter referred to as "COMMISSION"),
WITNESSETH:
WHEREAS, the COMMISSION has undertaken the development of a new passenger terminal
building complex at the Airport that will be completed in the 2007-2008 timeframe; and
WHEREAS, the passenger terminal building complex was financed through the sale of Airport
Revenue Bonds issue under the auspices the County's Airport Revenue Bond Resolution which
requires that certain services be performed each year by a nationally recognized Airport Financial
Consultant; and
WHEREAS, the first few years after the completion of a major Airport terminal building project are
the most financially sensitive and is the period of greatest need for advise and recommendations to the
Commission on financial operations; and
WHEREAS, the COMMISSION has retained an airport consultant to assist with business and
fmancial planning, Bond Resolution compliance, Bond Rating Agency (Moody's Investor Service and
Fitch Ratings) coordination, and to assist with the economic development and strategic planning for the
Airport; and
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March 7, 2007
PROFESSIONAL SERVICES AGREEMENT - AMENDMENT 2007 A
General Advisory Airport Consulting Services
Augusta Regional Airport
WHEREAS, the COMMISSION has authority to contract for such professional services and wishes to
extend the term of this Agreement to continue the services ofMGM ASSOCIATES during an
important period of time; and;
NOW, THEREFORE, for and in consideration for the promises, conditions and covenants contained
herein, COMMISSION and MGM ASSOCIATES hereby agree as follows:
The purpose of this amendment is to extend the term of this Agreement. Therefore, the language in
Section 2 - TERM is hereby amended to revise the expiration date of the Agreement from May 31,
2007 to May 31,2009. Consequently, the terms, conditions of this Agreement and the responsibilities
ofMGM ASSOCIATES will remain in effect until May 31, 2009.
At its option, the COMMISSION may extend the Term of this Agreement through May 31, 2010.
During this option period the terms, conditions of this Agreement and the responsibilities ofMGM
ASSOCIATES will remain in effect until May 31,2010. This option may be exercised at anytime by
the COMMISSION providing MGM ASSOCIATES written notice.
Except as amended above all other terms and conditions remain in full force and effect and unchanged.
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March 7, 2007
PROFESSIONAL SERVICES AGREEMENT - AMENDMENT 2007 A
General Advisory Airport Consulting Services
Augusta Regional Airport
IN WITNESS WHEREOF, the parties hereto have caused this AGREEMENT to be signed and intend
to be legally bound hereby.
ATTEST:
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Title: Administrative Assistant
Date: March 29, 2007
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ATTEST:
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By:
Title: Chairman
Date: March 29, 2007
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MICHAEL G. MORONEY & ASSOCIATES:
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March 7,2007