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INSURANCE ON FILE N-2025-107 <br /> WORK MAY PROCEED <br /> UNTIL INSURANCE EXPIRES <br /> CITY CLERK MAY 7 2025 <br /> V fL nWw.(P)MAY I AEEMENT FOR CONSULTING SERVICES REGARDING ARBITRAGE AND <br /> kov IU1,2, REBATE REQUIREMENTS BETWEEN BLX GROUP,LLC AND <br /> CITY OF SANTA ANA <br /> THIS AGREEMENT is made and entered into on this day of May, 2025 by and between <br /> BLX Group, LLC, ("Consultant"), and the City of Santa Ana, a charter city and municipal <br /> corporation organized and existing under the Constitution and laws of the State of California <br /> ("City„). <br /> RECITALS <br /> A. The City desires to retain a Consultant having special skill and knowledge in the field of <br /> financial analysis services relating to arbitrage and rebate requirements contained in the <br /> Internal Revenue Code with respect to issued bonds. <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 /> 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 Scope of Services - Exhibit A, <br /> attached hereto and incorporated by reference. <br /> 2. COMPENSATION <br /> a. City agrees to pay, and Consultant agrees to accept as total payment for its services for <br /> City, the rates and charges identified in Fee Schedule- Exhibit B. The total amount <br /> to be expended during the term of this Agreement shall not exceed$14,950. <br /> b. Payment by City shall be made within forty-five (45) days following receipt of proper <br /> invoice evidencing work performed, subject to City accounting procedures. City and <br /> Consultant agree that all payments due and owing under this Agreement shall be made <br /> through Automated Clearing House(ACH)transfers. Consultant agrees to execute the <br /> City's standard ACH Vendor Payment Authorization and provide required <br /> documentation. Upon verification of the data provided, the City will be authorized to <br /> deposit payments directly into Consultant's account(s) with financial institutions. <br /> Page 1 of 9 <br /> #2045631vl <br />