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,. iNSURi\0lCr ON FlU WORK iM,Y PROCEED UNli!. II~SURANCE EXP.IRES /- f?- D0 CLEflK OF COUNCIL DATE, SEP 2 9 2005 A-2005-226 _.J CONSULTANT AGREEMENT o Pi"f1.S cr ~tlUW) THIS AGREEMENT, made and entered into this Ir day of !:!'er,1v/ItJJeJ ,2005 by and between Empire Economics, Inc. (hereinafter "Consultant"), and the Cify of Santa Ana, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California (hereinafter "City"). RECITALS A. The City desires to retain a consultant having special skill and knowledge in the field of real estate market studies to perform a Price Point Analysis and Market Absorption Study for a proposed Community Facilities District. B. Consultant represents that Consultant 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 terms and conditions hereinafter set forth, the parties agree as follows: 1. SCOPE OF SERVICES Consultant shall perform those services as set forth in Exhibit A to this Agreement. 2. COMPENSATION a. City agrees to pay, and Consultant agrees to accept as total payment for its services, the rates and charges identified in Exhibit A. The total sum to be expended under this Agreement shall not exceed $30,000.00 during the term of this Agreement. b. Payment by City shall be made within thirty (30) 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. 3. TERM This Agreement shall commence on the date first written above and terminate on June 30, 2007, unless terminated earlier in accordance with Section 12, below. The term of this Agreement may be extended upon a writing executed by the Executive Director of Finance and Management Services and the City Attorney.