Laserfiche WebLink
=__~~O w <br />June 15, 2006 <br />Mr. James G. Ross, Exec. Director <br />City of Santa Ana <br />20 Civic Center Plaza (M-30), P.O. Box 1988 <br />Santa Ana, CA 92702-1988 <br />Subject: A-2003-173 (the "Contract") <br />Dear Mr. Ross: <br />Parsons <br />BAnckerhoN <br />C°~` <br />One Penn Plaza <br />New York, NY 10119-0061 <br />212-465-5000 <br />Faz: 212-465-5096 <br />As you may be aware, Parsons Brinckerhoff Quade & Douglas, Inc. ("PBQD") has recently <br />announced its decision to sell PB Farradyne ("Farradyne"), its ITS division to Telvent Traffic <br />North America Inc., a wholly owned subsidiary of Telvent GIT S.A. ("Telvent"). Telvent <br />specializes in developing and supplying products and information technology services for real- <br />time control and information management systems worldwide, with a major focus on traffic and <br />transportation. Telvent shares are listed on the NASDAQ National Market, and in North America <br />Telvent has offices in Houston TX, Baltimore MD, Fort Collins CO, and Calgary, Alberta. <br />Upon closing of the transaction, Telvent will acquire all of the shares of PB Farradyne Inc. (the <br />"Company"), and the Company will acquire all of the assets and contracts relating to the <br />Business, including the Contract. The name of PB Farradyne Inc. will be changed to Telvent <br />Farradyne Inc. ("Telvent Farradyne"). <br />Both PBQD and Telvent consider City of Santa Ana to be an important customer, and both <br />companies will take all steps to ensure that the transaction is completed with no disruption to the <br />services being supplied under the Contract. <br />In furtherance of the above, PBQD wishes to assign its rights under the Contract to Telvent <br />Farradyne, and Telvent Farradyne wishes to assume PBQD's duties and obligations under the <br />Contract. We hereby request that you consent to the assignment of the Contract to Telvent <br />Farradyne by countersigning this letter and returning one copy in the addressed Fed Ex envelope <br />enclosed for your convenience. Your Farradyne project manager is copied on this letter and will <br />be available to work with you to secure your consent, which we would appreciate having by June <br />30, 2006 or as soon as practicable thereafter. <br />During a transition period extending from the closing (which is anticipated to be on or about June <br />30, 2006) through the actual assignment (which may be different from the closing date) of the <br />subject Contract, it may be necessary for PBQD to remain as the prime on the Contract and for <br />Telvent Farradyne's employees to continue their work on your project under appropriate <br />arrangements with PBQD. Third-party subcontracts will be assigned to Telvent Farradyne at the <br />time the Contract is assigned. <br />Ov®r a Century of <br />>Fnyineeriny £xce!/enoa <br />PB Agreement #: 18562 <br />