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IN aUHAN(I QN R1 <br />WORK MAY L'ROGEB <br />UNTIL INSURANU EXPIRES <br />CLERK OF COUNCIL. <br />DAI'F. 0-3-t5 <br />PROFESSIONAL SERVICES AGREEMENT <br />FOR FINANCIAL ADVISOR <br />This agreement has been entered into this 29"' day of October, 2015 by and between the City of <br />Santa Ana (the "City ") and Heldman, Rolapp & Associates, Inc. (herein, the "Consultant "), <br />WIIEREAS, the City desires independent financial advisory services to be performed in <br />connection with Issuer Credit Rating (herein, the "Project "); and <br />WHEREAS, the City desires to retain tho professional and technical services of the Consultant <br />for the purpose of obtaining an Issuer Credit Rating, (herein, the "Services "); <br />WHEREAS, the Consultant is well qualified to provide professional financial advice to entities <br />such as the City; <br />NOW, THEREFORE, in consideration of the above recitals and the mutual covenants and <br />conditions hereinafter set forth., it is agreed as follows: <br />Section 1 Duancial Advisory Services. <br />As directed by the City, Consultant will provide services in connection with the <br />Project as such Services are fatly described in Exhibit A attached to this <br />Agreement, Coilsu[tant is engaged in an expert financial advisovy capacity to the <br />City only. It is expressly understood that the Services rendered hereunder are <br />rendered solely to the City of Santa Ana. Consultant does not undertake any <br />responsibility to review disclosure documents on behalf of owners or beneficial <br />owners of bonds or debt which may arise from the Consultant's work hereunder, <br />Section 2 Additional Services, <br />The City may request that Consultant provide additional services beyond the <br />scope of those referenced in Section 1 above and specifically listed in Exhibit A <br />to this Agreement. Services performed for the City by Consultant that are not <br />otherwise specifically identified in Exhibit A to this Agreement shall be <br />Additional Services. These additional services will be billed at the same rate per <br />section 3,01 of this Agreement. Additional Services include, but are not limited <br />to, the following: <br />2.01 Assisting the City in obtaining enabling legislation or conducting referendum <br />elections. <br />2.02 Extvaordinary services and extensive computer analysis in the stracturing or <br />planning of any debt issue or financing progyaw, <br />2.03 The repeat of any element of a service described in Exhibit A to this Agreement <br />which is made necessary through no fault of Consultant. <br />2.04 financial management services, including development of financial policies, <br />capital improvement plans, ccononvc development planning, credit analysis or <br />CITE' OF SANTA ANA /FIT'LDMAN, ROLAPP & ASSOCIATES Page 1 <br />FRA Project No. 15307 <br />N -2014 -156 <br />