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AGREEMENT BETWEEN THE SUCCESSOR AGENCY <br />TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE <br />CITY OF SANTA ANA AND KEYSER MARSTON ASSOCIATES, INC. <br />THIS AGREEMENT is made and entered into this _ day of , 2016 by and between <br />Keyser Marston Associates, Inc., a California Corporation, (hereinafter "Consultant "), and the Successor <br />Agency to the Community Redevelopment Agency of the City of Santa Ana, a public body, corporate <br />and politic (hereinafter "Successor Agency "). <br />RECITALS <br />A. The Successor Agency desires to retain a consultant having special skill and knowledge in the <br />field of fiscal consultant services for bond refinancing and related actions. <br />B. Consultant represents that Consultant is able and willing to provide such services to the <br />Successor Agency. <br />C. In undertaking the performance of this Agreement, Consultant represents that it is <br />knowledgeable in its field and that any services performed by Consultant under this Agreement <br />will be performed in compliance with such standards as may reasonably be expected from a <br />professional consulting firm in the field. <br />NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms <br />and conditions hereinafter set forth, the parties agree as follows: <br />I SCOPE OF SERVICES <br />Consultant shall perform those services as set forth in its proposal dated May 16, 2016, attached <br />hereto and incorporated herein as Exhibit A to this Agreement. <br />2. COMPENSATION <br />a. City agrees to pay, and Consultant agrees to accept as total payment for its services, the <br />rates and charges identified on page 9 of Exhibit A. The total sum to be expended tinder <br />this Agreement shall not exceed $37,500.00, which is comprised of $35,000.00 for the <br />Fiscal Consultant Report with an additional $2,500.00 for other services as needed by the <br />request and direction of Successor Agency staff. Any other services will be billed at the <br />rates and charges identified on page 9 of Exhibit A during the term of this Agreement. <br />b. Payment by Successor Agency shall be made within forty -five (45) days following <br />receipt of proper invoice evidencing work performed, subject to Successor Agency <br />accounting procedures. Payment need not be made for work which fails to meet the <br />standards of performance set forth in the Recitals which may reasonably be expected by <br />Successor Agency. <br />RE r <br />