SA_FULL PACKET_2016-07-05 - Laserfiche WebLink

Home Browse Search

CtXT,rCr)+ NsuRANCEfQ & WO E N -2016 -064 WORK MAY ( EED UNTIL INSURANCE EXPIRES Exhibit vC. R -9-Al :LEM O CCOUNCIL DATE: PROFESSIONAL SERVICES AGREEMENT WITH URBAN FUTURES, INC. FOR FINANCIAL ADVISORY SERVICES THIS CONT T SERVICES AGREEMENT (herein "Agreement ") ismade and entered into this � day o 16, by and between the CITY OF SANTA ANA, in its capacity as the Successor Agency to the former Community Redevelopment Agency of the City of Santa Ana ("Successor Agency ") and Urban Futures, Incorporated (herein "Consultant"). NOW, THEREFORE, the parties hereto agree as follows: 1.0 SERVICES OF CONSULTANT 11 Scope of Services. In compliance with all of the terms and conditions of this Agreement, the Consultant shall perform the work or services set forth in the "Scope of Services" attached hereto as Exhibit "A" and incorporated herein by reference. Consultant warrants that all work and services set forth in the Scope of Services will be performed in a competent, professional and satisfactory manner. 1.2 Complianq( With Law All work and services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules, and regulations of the City of Santa Ana and any Federal, State or local governmental agency of competent jurisdiction. 1.3 Licenses Permits Fees and Assessments. Consultant shall obtain at its sole cost and expense such licenses, penults and approvals as may be required by law for the performance of the services required by this Agreement including, but not limited to, registration as a financial advisor with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB), 2.0 CONTINGENT COMPENSATION 2.1 Contract Sum. Payment to Consultant is contingent upon final bond team and package approval by City Council with regard to the refunding of outstanding City of Santa Ana Successor Agency Series 2003A and 2003B Tax Allocation Hoods (TABS). For the services rendered pursuant to this Agreement, the Consultant shall be compensated in accordance with the "Schedule of Compensation" attached hereto as Exhibit "B" and incorporated herein by this reference. This schedule was previously approved by the City on January 21, 2014. 2.2 Invoicing. Consultant shall maintain a detailed invoice, in the fann approved by City's Finance Director, describing the tasks performed and amount charged for each such task. The City shall review the invoice and pay Consultant the approved charges no later than thirty (30) days following the City Council action referenced above. 3.0 COORDINATION OF WORK. 3.1 Representative of Consultant. Michael Busch is hereby designated as being the principal and representative of the Consultant authorized to act in its behalf with respect to the work and services specified herein and make all decisions in connection therewith.. 3 -119