HomeMy Public PortalAbouttrade center second.pdfSECOND AMENDMENT TO
INTERGOVERNMENTAL CONTRACT
(City of Tybee Island)
This Second Amendment to Intergovernmental Contract (this "Second
Amendment"), dated as of ,,b „e er Ji 4 , 2006, between the GEORGIA
INTERNATIONAL AND MARITIME TRADE CENTER AUTHORITY, a public
body corporate and politic and an instrumentality of the State of Georgia, created under
the laws of the State of Georgia (the "Authority"), and the CITY OF TYBEE ISLAND,
a municipal corporation and a political subdivision of the State of Georgia (the "City");
WITNESSETH:
WHEREAS, the City and the Authority entered into an Intergovernmental
Contract dated as of December I, 1997, as amended by a First Amendment thereto, dated
as of December I, 2000 (collectively, the "Contract"), for the purpose of having the
Trade Center Tax described in the Contract and collected by the City paid to the
Authority in order to assist the Authority in providing for the operation and management
of the Georgia International and Maritime Trade Center (the "Trade Center"); and
WHEREAS, Section 1.1 of the Contract provides for its expiration on the earlier
of December 1, 2006 or the date on which the Trade Center will no longer be operated for
the purposes authorized by Georgia law; and
WHEREAS, the parties hereto wish to extend the expiration date of the Contract
pursuant to the terms of this Second Amendment;
NOW, THEREFORE, the City and the Authority agree as follows:
I. Section 1.1 of the Contract is hereby stricken in its entirety and a new Section
1.1 is hereby inserted in lieu thereof to read as follows:
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, 2016, or the date on
which the Trade Center will no longer be operated for the purposes authorized by the Act.
This Contract may be renewed by agreement of the parties hereto.
2. Except as amended hereby, all other provisions of the Contract shall remain in
full force and effect.
IN WITNESS WHEREOF, the Authority and the City have caused this Second
Amendment to Intergovernmental Contract to be executed by their duly authorized
officers in their respective corporate names and their respective corporate seals to be
hereunto affixed and attested, all as of the date first above written.
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GEORGIA INTERNATIONAL AND MARITIME
TRADE CENTER AUTHORITY
(Corporate Seal)
(Corporate Seal)
Reviewed and Approved as to Form:
Edward M. Hughes, City Att
ey
Attest:
By:
Attest:
Chairman
c 2 'l
CITY OF TYBEE ISLAND
Clerk