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N -2014 -017 INSURANCE L01 ON FILE WORK MAY NJ PROCEED CLERK OF COUNCIL DATE: PROFESSIONAL SERVICES AGREEMENT WITH FEB 1 2 2014 URBAN FUTURES, INC. FOR FINANCIAL ADVISORY SERVICES THIS CONTRACT SERVICES AGREEMENT (herein "Agreement ") is made and entered into this day of January, 2014, by and between the CITY OF SANTA ANA, a charter city and municipal Corporation organized and existing under the Constitution and laws of the State of California (herein "City ") and Urban Futures, Incorporated (herein "Consultant"), NOW, THEREFORE, the parties hereto agree as follows: 1.0 SERVICES OF CONSULTANT 1.1 Scope of Services. In compliance with all of the terms and conditions of this Agreement, the Consultant shalt perform the work or services set forth in the "Scope of Services" attached hereto as Exhibit "A" and incorporated herein by reference. Consultant warrants that all work and services set forth in the Scope of Services will be performed in a competent, professional and satisfactory manner. 1.2 Compliance With Law. All work and services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules, and regulations of the City of Santa Ana and any Federal, State or local governmental agency of competent jurisdiction. 1.3 Licenses. Permits. Fees and Assessments. Consultant shall obtain at its sole cost and expense such licenses, permits and approvals as may be required by law for the performance of the services required by this Agreement including, but not limited to, registration as a financial advisor with the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB). 2.0 CONTINGENT COMPENSATION 2.1 Contract Sinn. Payment to Consultant is contingent upon final bond team and package approval by City Council with regard to the 2004 Water Revenue Bonds issuance, For the services rendered pursuant to this Agreement, the Consultant shall be compensated in accordance with the "Schedule of Compensation" attached hereto as Exhibit "B" and incorporated herein by this reference. 2.2 Invoicing. Consultant shall maintain a detailed invoice, in the form approved by City's Finance Director, describing the tasks performed and amount charged for each such task. The City shall review the invoice and pay Consultant the approved, charges no later than thirty (3 0) days following the City Council action referenced above. 3.0 COORDINATION OF WORD 3.1 Representative of Consultant. Michael Busch is hereby designated as being the principal and representative of the Consultant authorized to act in its behalf with respect to the work and services specified herein and make all decisions in connection therewith, 25B -25