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CONTRACT 5766A AmendmentAgreement No. 5766A AMENDMENT NO. 1 TO AGREEMENT NO. 5766 FOR ON-CALL PROFESSIONAL ECONOMIC AND REAL ESTATE ADVISORY SERVICES BETWEEN THE CITY OF EL SEGUNDO AND KOSMONT & ASSOCIATES, INC. This Amendment No. 1 is entered into this 5th day of September 2019, and shall amend Agreement No. 5766, dated August 27, 2019, by and between the CITY OF EL SEGUNDO, a general law city and municipal corporation ("CITY") and KOSMONT & ASSOCIATES, Inc., doing business as KOSMONT COMPANIES a California Corporation ("CONSULTANT'). AMENDED TERMS 1. The amended term shall be as follows: EXHIBIT B "BUDGET" HOURLY RATE SCHEDULE Professional Services Chairman & CEO $295.00/hour President $290.00/hour Senior VP $285.00/hour All other rates and expenses shall remain the same. effect. 2. All other terms and conditions of Agreement No. 5766 shall remain in full force and [Signatures on next page] Page 1 of 2 Agreement No. 5766A IN WITNESS WHEREOF the parties hereto have executed this Amendment No. 1 to Agreement No. 5766 on the day and year first hereinabove written. CITY OF EL SEGUNDO Stt Mitnick, City Manager ATTEST: Trac Weaver, City Clerk APPROVED AS TO FORM: for Mark D. Hensley, City Attorney KOSMONT & ASSOCIATES, INC. (doing business as KOSMONT COMPANIES) /III���I „fes Larry J. Kosmont Chairman & CEO Page 2 of 2