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_ E ON FILc 4Y PROCEED N-2019-287 INSURANCE EXPIRES f >/ I I /7 LERKOFCOUNCIL v DATE. �(� AGREEMENT WITH URBAN FUTURES, INC. 0: -fin f,, t ro) i e je a 2 TO PROVIDE PENSION/OPEB ANALYSIS AND FINANCIAL MODELING SERVICES THIS AGREEMENT is made and entered into on this 9'1' day of December, 2019 by and between Urban Futures, Inc., a California corporation ("Consultant"), and the City of Santa Ana, a charter i city and municipal corporation organized and existing under the Constitution and laws of the State w of California ("City"). 0 CM RECITALS N O A. The City desires to retain a Consultant having special skill and knowledge in the field of services to California cities to provide pension & OPEB modeling/analysis and financial modeling services. B. Consultant represents that it is able and willing to provide such services to the City. C. In undertaking the performance of this Agreement, Consultant represents that it is knowledgeable in its field and that any services performed by Consultant under this Agreement will be performed in compliance with such standards as may reasonably be expected from a professional consulting firm in the field. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the teens and conditions hereinafter set forth, the parties agree as follows: 1. SCOPE OF SERVICES Consultant shall perform during the term of this Agreement, the tasks and obligations including all labor, materials, tools, equipment, and incidental customary work required to fully and adequately complete the services described and set forth in the proposal identifies as Exhibit A, attached hereto and incorporated by reference. City requires Consultant to complete Phase I (modeling/evaluation of funding strategies) of the pension finding analysis. Pork on Phases 2 and 3 shall be optional at the discretion of the City to commence per the terms of this Agreement. 2. COMPENSATION a. City agrees to pay, and Consultant agrees to accept as total payment for its services for City, the rates and charges identified in Exhibit A. The total amount to be expended during the term of this Agreement shall not exceed SM,000. b. Payment by City shall be made within forty-five (45) days following receipt of proper invoice evidencing work performed, subject to City accounting procedures. Payment need not be made for work which fails to meet the standards of performance set forth in the Recitals which may reasonably be expected by City. Page 1 of 8