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CONSULTANT AGREEMENT BETWEEN <br />THE SUCCESSOR AGENCY AND BLX GROUP, LLC <br />THIS AGREEMENT, made and entered into this ls` day of October, 2012 by and <br />between BLX Group, LLC, a limited liability corporation `h(-.,:inafter "Consultant"), and the <br />Successor Agency to the former Community Redevelopm mt Agency of the City of Santa Ana, a <br />public body (hereinafter "Successor Agency"). <br />RECITALS <br />A. The Successor Agency desires to retain a consultant having special skill and knowledge <br />in the field of financial analysis and calculations relating to the arbitrage rebate <br />requirements on Tax Allocation Bonds. <br />B. Consultant represents that Consultant is able and willing to provide such services to the <br />Successor Agency. <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 provide financial analyses and calculations relating to the arbitrage <br />rebate requirement on Tax Allocation Refunding Bonds contained in section 148(f) of the <br />Internal Revenue Code, as set forth in Fxhibit A to this Agreement. Consultant has bl;en <br />performing services for the Successor Agency since July 1, 2012 due to reporting deadlines. <br />2. COMPENSATION <br />a. Successor Agency agrees to pay, and Consultant agrees to accept as total payment for <br />its services, the rates and charges identified in Exhibit A. Payment to Consultant shall cover <br />services performed for the Successor Agency since July 1, 2012. The total sum to be expended <br />under this Agreement shall not exceed $7,000.00 during the term of this Agreement. <br />b. Payment by Successor Agency shall be made within thirty (30) days following receipt <br />of proper invoice evidencing work performed, subject to Successor Agency accounting <br />procedures. Payment need not be made for work which fails to meet the standards of <br />performance set forth in the Recitals which may reasonably be expected by Successor Agency. <br />EXHIBIT I <br />5-3