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AGREEMENT WITH URBAN FUTURES, INC. TO PROVIDE <br />FINANCIAL ADVISORY AND DISSEMINATION AGENT SERVICES <br />THIS AGREEMENT is made and entered into this Th day of July, 2020, by and between <br />Urban Futures, Inc., a California corporation ("Consultant") and the City of Santa Ana, a charter <br />city and municipal corporation organized and existing under the Constitution and laws of the State <br />of California ("City"). <br />ECITALS <br />A. The City desires to retain a consultant having special skill and knowledge in the field of <br />municipal financial services. <br />B. Consultant represents that Consultant is able and willing to provide such services to the <br />City. <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 <br />Agreement will be performed in compliance with such standards as may reasonably be <br />expected from a professional consulting firm in the field. <br />NOW THEREFORE, in consideration of the mutual and respective promises, and subject <br />to the terms and conditions hereinafter set forth, the parties agree as follows: <br />1. SCOPE OF SERVICES <br />Consultant shall perform during the term of this Agreement, the tasks and obligations <br />including all labor, materials, tools, equipment, and incidental customary work required to fully <br />and adequately complete the services described and set forth in its Proposal dated March 12, 2020, <br />(Exhibit A), attached hereto and incorporated by reference. Specifically, Consultant will act as <br />financial advisor to the City, evaluating the financial impact of projects that materially affect thng <br />e <br />city's economic future, including the feasibility in issuing a pension obligation bonds, refundi <br />existing debt to achieve debt service savings and providing investors along with refunding <br />ory <br />agencies true, current and accurate financial information of the City, Consultant will also act as <br />the financial advisor for the City when issuing of debt, and will also take part in performing due <br />diligence, by conducting an RFP process, recommending the team of investment professionals <br />(attorneys, underwriter, fiscal agent, consultants) who will assist the City with the process in <br />issuing debt. <br />2. COMPENSATION <br />a. City agrees to pay, and Consultant agrees to accept as total payment for its services, <br />the rates and charges identified in Exhibit A. The annual sum to be expended under <br />this Agreement shall not exceed $31,000.00 per year, and the total stun expended <br />shall not to exceed $155,000.00 during the entire term of this Agreement (including <br />optional renewals). <br />25F-7 Page 1 of <br />