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INSURANCE ON FILE <br />WORK MAY PROCEED <br />UNTIL INSURANCE EXPIRES <br />0,a- <br />CLERK Of COUNCIL <br />bATE+ 3- I ~-D~ <br />b Yiv~cnc c C~-~ <br />CONSULTANT AGREEMENT <br />N-2008-025 <br />~nvnala ~e~cls- K~~ THIS AGKEEMEN I', made and entered into this 27`h day of February, 2008 by and <br />between Bond Logistix, LLC., a limited liability corporation (hereinafter "Consultant°). and the <br />City of Santa Ana, a charter city and municipal corporation organized and existing under the <br />Constitution and laws of the State of California (hereinafter "City"). <br />RECITALS <br />A. The City desires to retain a consultant having special skill and knowledge in the field of <br />financial analysis relating to arbitrage rebate requirements. <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 to the <br />terms and conditions hereinafter set forth, the parties agree as follows: <br />SCOPE OF SERVICES <br />Consultant shall perform those services as set forth in Consultant's letter dated February <br />20, 2008, attached hereto as Exhibit 1. <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 l . The total sum to be expended under this Agreement <br />shall not exceed $20,000.00, annually, during the term of this Agreement. <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 />3. TERM <br />This Agreement shall commence on the date tirst written above and terminate on June 30, <br />2009. unless terminated earlier in accordance with Section 12, below. In order to provide <br />continuous uninterrupted service to City by Consultant, this Agreement shall cover al] services <br />rendered from July 1, 2007 to the termination of this Agreement. The term of this Agreement <br />