BUCK CONSULTANTS, LLC 3-2012 - Laserfiche WebLink

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INSURANCE ON FILE WORK MAY PROCEED UNTIL INSURANCE EXPIRES N-2012-076 ? ? s a ? .(3 CLERK OF COUNCI DATE, ,?,???? ZUt2 ?: ? MS 1 AGREEMENT FOR PROVISION OF ACTURiAL SERVICES ?iL?l1?A THIS AGREEMENT, made and entered into this 1" day of June, 2012 by and between Buck Consultants, LLC, a limited liability company (hereinafter "Consultant"), and the City 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 actuarial studies to provide an actuarial analysis of the City's retiree health insurance plans. 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 fine in the field. NOW TIIEREFOI2E, 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 provide actuarial services to perform an analysis of the City's cun'ent liability for its retiree health insurance plans, which comply wkth Governmental Accounting Standards Board (GASH) Number 43 and 45 reporting requirements, as set forth in Consultant's Proposal dated May 10, 2012, attached hereto as Exhibit A and incorporated by reference- 2. REYRESEN'I'ATlVES For purposes of implementing this Agreement, the representative of City shall be the Executive Director of the Finance and Management Services Agency, or his designated representative, and the representative of the Consultant shall be Mike Schionniug or his designated representative. Except as may be otherwise stated herein, such representatives shall have the authority to act nn behalf of their respective parties in carrying out the terms of this Agreement. DELIVERY OF WORK PRODUCT -OWNERSHIP Consultant wan'ants and represents that it has the absolute right to enter into and perform this Agreement and will perform its obligations hereunder in accordance with standards and practices prevailing in the industry. Consultant's contribution to the Project, including works to be produced by Consultant hereunder, will not infringe or misappropriate the proprietary or personal rights of any third person or party. Consultant shall deliver to City any work product which results from the services provided. Said work product shall be submitted in hard copy and produced in a form compatible with City's information systems, as agreed between the Project Manager and Consultant. In regard to all material produced as a deliverable under this Agreement, including but not limited to records, papers, drawings, specifications, programs, systems and other materials prepared by Consultant, Consultant agrees, for itself and its affected officers, employees, agents, contractors, and