25B - AGMT GAS TAX REFUNDING - Laserfiche WebLink

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EXHIBIT 3 LEGAL SERVICES AGREEMENT WITH BEST BEST & KRIEGER LLP FOR BOND COUNSEL SERVICES This AGREEMENT is made and entered into this 3rd day of September, 2019, by and between Best Best & Krieger LLP ("Attorneys"), and the City of Santa Ana, a charter city and municipal corporation duly organized and existing under the constitution and laws of the State of California ("City") RECITALS A. The City of Santa Ana desires to engage Attorneys to provide legal services as bond counsel and disclosure counsel relating to the proposed issuance of the City's Gas Tax Revenue Refunding Bonds, Series 2019, which will refinance outstanding bonds originally issued to finance public capital improvements for the City. B. Attorneys represent that they are licensed to practice law in the State of Califomia, have special experience and knowledge related to the above services, and desire to undertake said services. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms and conditions hereinafter set forth, the parties agree as follows: 1. RETENTION OF ATTORNEYS City hereby agrees to and does retain Attorneys, for the compensation hereinafter specified, to provide legal services as bond counsel and disclosure counsel relating to the proposed issuance of the City's Gas Tax Revenue Refunding Bonds, Series 2019, as further described on Exhibit A ("Assignment"). Attorneys accept said retention and agree to perform the Assignment in a timely and efficient manner. 2. COMPENSATION FOR SERVICES RENDERED a. City agrees to compensate Attorneys, and Attorneys agree to accept from City, as and for payment in full for all services forthe Assignment, the sum not to exceed $75,000 forbond counsel services and the sum not to exceed S40,000 for disclosure counsel services, both sums payable upon the successful completion of the financing. b. In a total amount not to exceed $2,500, City agrees to reimburse Attorneys for out-of- pocket expenses, including but not limited to, mileage, copying costs, service of process, and mail services authorized by the City in connection with the performance of duties under this Agreement. In-house printing, copying, and reproduction charges will be reimbursed at the rate of 20 cents per page. Automobile travel will be reimbursed at the standard mileage rate in effect at the time of billing by the Internal Revenue Service. All expenses must have supporting documentation submitted with the invoice. 3. METHOD OF PAYMENT Upon the successful completion of financing, Attorneys shall submit a statement specifying the services performed and an itemization of expenses related thereto with supporting documentation (i.e. receipts, invoices, copy of check, etc.). City 25B-21