HomeMy Public PortalAbout4th Amendment Signed agreement for 2019 - 50 yr..pdfFOURTH AMENDMENT TO
INTERGOVERNMENTAL CONTRACT
(City of Tyhee Island)
This Fourth Amendment to Intergovernmental Contract (this "Second Amendment") is
made and entered into as of the 0..24. day of/.....(4—cc."—Lt-4_,---2019,
to be effective as of
, 2019, by and between the SAVANNAH..GEORGIA CONVENTION
CENTER'AU'I'HORITY, a public corporation and instrumentality of the State of Georgia (the
"Authority"), and CITY OF TYBEE ISLAND, a municipal corporation and a political
subdivision of the State of Georgia (the "City").
WITNESSETH:
WHEREAS, the Authority is the successor to the Georgia International and Maritime
Trade Center Authority in all contracts entered into by the Georgia International and Maritime
Trade Center Authority which were in existence on July 1, 2019;
WHEREAS, Authority's predecessor and the City entered into an Intergovernmental
Contract dated December 1, 1997, (the "Contract"), providing for the distribution and use of a
hotel/.motel tax;
WHEREAS, Authority and the City desire to further amend the Contract to extend the
term thereof, subject to the terms and conditions herein;
NOW THEREFORE, in consideration of the mutual covenants and agreements and other
good and valuable consideration, the parties hereby agree to amend the Contract as follows:
1. Section 1.3 is deleted in its entirety and replaced with the following:
"Section 1.3 Effective Date; Duration of Term. This Contract shall be
effective as of the date hereof and shall expire on the earlier of December 31, 2052,
or the date on which, following its completion, the Authority will no longer be
operated for the purposes authorized by the Act, This Contract may be renewed by
agreement of the parties hereto."
2. The Authority shall be substituted for each and every instance in which the Georgia
International and Maritime Trade Center Authority is referenced, the parties acknowledging and
consenting that the Authority is the successor in interest to the Georgia International and Maritime
Trade Center Authority pursuant to O.C.G.A, § 50-7-55, Accordingly, reference to the "Act" shall
refer to Laws 2019, Act 65, § 1.
3, Except as provided in the First, Second, Third and Fourth Amendments, all terms
and conditions of the Contract shall remain unchanged and in full force and effect.
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IN WITNESS WHEREOF, the parties have caused this Fourth Amendment to be
executed by their duly authorized officers as of the day and year first written above.
SAVANNAH -GEORGIA CONVENTION
CENTER AUTHORITY
(Corporate Sea[)
Attest:
Secretary
CITY OF TYBEE ISLAND
(Corporate Seal)
ay or
APPROVED AS TO FORM:
Edward M. Hughes, City Atto y
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