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\1C? needed - N-2013-100 <br />Pry': ?-? ?,b l <br />®? <br />CONSULTANT AGREEMENT <br />ZQ13 THIS AGREEMENT, made and entered into this 1 st day of July, 2013 by and between <br />Benefit Funding Services Group, Inc a California 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 />employee deferred compensation plan analysis and assessment. <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 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 analysis, assessment and advisement services regarding the <br />Santa Ana Employee Deferred Compensation Program, as set forth in Exhibit A, attached hereto <br />and incorporated by this reference. Consultant may be requested to provide additional financial <br />advising or implementation services, at the written request of the Executive Director of Finance <br />and Management Services ("FMSA"). <br />2. COMPENSATION <br />a. City agrees to pay, and Consultant agrees to accept as total payment for its Investment <br />Advisement services, a quarterly fee of $4,750.00. Additional services provided at the request of <br />the City will be paid in conformance with a written proposal approved by the Executive Director. <br />The total sum to be expended under this Agreement shall not exceed $19,000.00, during the term <br />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 be <br />made for work which fails to meet the standards of performance set forth in the Recitals which <br />may reasonably be expected by City. <br />3. TERM <br />This Agreement shall commence on July 1, 2013 and terminate on January 31, 2014, <br />unless terminated earlier in accordance with Section 12, below. The term of this Agreement may <br />be extended upon the approval of the Executive Director of FMSA.