Laserfiche WebLink
INSURANCE ON FILE <br />WORK MAY PROCEED <br />UN[IL INSURANCE EX?IRES <br /> 9-/ <br />CLERK OF COUNCIL <br />DA]r[: t <br /> <br />N-2003-'134 <br /> <br />CONSULTANT AGREEMENT <br /> <br /> THIS AGREEMENT, made and entered into this I~~'!a day of 3e.~}e_~m loeb, 2003 by <br />and between Barrel Associates, LLC, a Cahfornm hrmted habfllty company (hereinafter <br />"Consultant"), and the City of Santa Aha, a charter city and municipal corporation organized and <br />existing under the Constitution and laws of the State of California (hereinafter "City"). <br /> <br />RECITALS <br /> <br />The City desires to retain a consultant having special skill and knowledge in the field of <br />actuarial consulting, to perform an actuarial study of the City's CalPERS retirement <br />system. <br /> <br />B. Consultant represents that Consultant is able and willing to provide such services to the <br /> City. <br /> <br />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 /> <br />NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the <br />terms and conditions hereinafter set forth, the parties agree as follows: <br /> <br />1. SCOPE OF SERVICES <br /> <br /> Consultant shall perform those services required for Phase I of the actuarial study, as set <br />forth in Exhibit A to this Agreement. <br /> <br />2. COMPENSATION <br /> <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 total sum to be expended under this <br />Agreement, shall not exceed $5,000.00 during the term of this Agreement. <br /> <br /> b. Payment by City shall be made within thirty (30) days following receipt of proper <br />invoice evidencing work performed, subject to City accounting procedures. Payment need not <br />be made for work which fails to meet the standards of performance set forth in the Recitals <br />which may reasonably be expected by City. <br /> <br />3. TERM <br /> <br /> This Agreement shall commence on the date first written above and terminate on June 30, <br />2004, unless terminated earlier in accordance with Section 12, below. The term of this <br /> <br /> <br />