HomeMy WebLinkAbout07.b.02.a CA First Amendment Bolton PSA EXECUTIVE SUMMARY
AGENDA ITEM:
Proposed approval of the First Amendment to the Professional Service Agreement with Bolton
Partners, Inc. (Bolton)
Date: April 10, 2025
BACKGROUND:
The Board of Supervisors approved the Professional Service Agreement with Bolton at the meeting
on April 1, 2025, to provide Compensation Consulting Services to remain competitive and ensure
equitable benefits for our employees. The First Amendment includes the following scope of work.
• Health benefits: medical, dental, and vision.
• Welfare benefits: disability and life insurance.
• Paid time off and employer-paid employee services.
• Total retirement benefits: defined benefit, defined contribution, and other cash plans.
The approval of this First Amendment with Bolton allows CCUA to initiate a comprehensive
indirect compensation survey. This survey will provide critical insights into our compensation
structures, ensuring CCUA remains competitive in the labor market and continues to foster a fair
and equitable environment for our employees.
BUDGET:
Staff determined the rates for professional services is fair,competitive,and reasonable.Bolton will
be paid an all-inclusive flat rate of$10,000. Staff has budgeted$40,000 for external support in this
FY.
RECOMMENDATION:
Staff respectfully recommends the Board of Supervisors' approval of the First Amendment to the
Professional Service Agreement with Bolton Partners, Inc., to provide compensation consulting
services for CCUA.
ATTACHMENTS:
Bolton Partners, Inc., First Amendment
//AW(Author)
//KR,AE(Review)
//KR(Final)
FIRST AMENDMENT TO THE PROFESSIONAL SERVICE AGREEMENT
BETWEEN
CLAY COUNTY UTILITY AUTHORITY
AND
BOLTON PARTNERS, INC.
THIS FIRST AMENDMENT to the PROFESSIONAL SERVICE AGREEMENT, is
made and entered into this day of ,2025,by and between the CLAY COUNTY
UTILITY AUTHORITY ( "CCUA"), an independent special district and political subdivision
of the State of Florida, existing and created under Chapter 94-491, Laws of Florida, Special Acts
on 1994,whose primary business address is 3176 Old Jennings Road,Middleburg,Florida 32068,
and BOLTON PARTNERS INC. (the "CONSULTANT"), a Company whose primary business
address is 3825 Edwards Road,Suite 103,Cincinnati,Ohio 45209.CCUA and the Consultant may
hereinafter be referred to individually as a"Party"or collectively as the"Parties."
WITNESSETH
WHEREAS, CCUA and BOLTON PARTNERS INC. entered into that certain
PROFESSIONAL SERVICE AGREEMENT as of April 1,2025 (the"Original Agreement");
WHEREAS, CCUA and the Consultant desire to amend the Original Agreement by
entering into this First Amendment as set forth herein;
NOW,THEREFORE,for good and valuable consideration,the receipt and sufficiency of
which is hereby acknowledged,the Parties do hereby agree as follows:
1. DESCRIPTION OF CHANGES
a. The Original Agreement is hereby amended as detailed in Exhibit 'A' Additional
Services. Pricing will be effective through September 12, 2025.
2. MISCELLANEOUS
a. This First Amendment and all Ancillary Documents may be executed by providing an
electronic signature under the terms of the Electronic Signatures in Global and National
Commerce Act, 15 U.S.C. §§ 7001 et. seq., and Chapter 668, Florida Statutes and
delivered by email or other electronic delivery method which will have the same force
and effect as a written signature.
b. This First Amendment, when executed by the Parties, shall be effective as of the date
stated above. This First Amendment fully and completely expresses the agreement of
the Parties with respect to the matters contained herein and shall not be modified or
further amended except by written agreement executed by each of the Parties hereto.
The Consultant understands and agrees that no representations of any kind whatsoever
have been made to it other than as appear in this First Amendment may be executed in
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any number of counterparts, each of which shall be deemed original; however, all of
which when taken together shall constitute one and the same instrument.
c. Except as amended and/or modified by this First Amendment, all of the terms and
provisions of the Original Agreement are hereby amended to the extent necessary to
give effect to the purpose and intent of this First Amendment.
(Signature Page Follows)
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IN WITNESS WHEREOF, the Parties have executed this First Amendment, effective as of the
date indicated above.
BOLTON PARTNERS INC.:
By: `
Printed Name: Dan Ripberger
Title: President, Bolton Rewards
CLAY COUNTY UTILITY AUTHORITY:
By:
Printed Name: Jeremy D. Johnston, PE, MBA
Title: Executive Director
ATTEST:
By:
Printed Name: Angelia Wilson, MPA
Title: Procurement Manager
Execute in Triplicate Distribution (electronic):
1. Bolton Partners Inc.
2. CCUA Procurement Department
3. CCUA Project Manager—User Department
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EXHIBIT 'A'
Bolton Partners Inc. will review the market alignment of CCUA's indirect compensation relative
to peers and the general market. Indirect compensation includes:
• Health benefits: medical, dental, vision.
• Welfare benefits: disability and life insurance.
• Paid time off and employer-paid employee services; and
• Total retirement benefits: defined benefit, defined contribution, and other cash plans.
Fee: $10,000.00
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