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iNSURARd ROT QED FILE <br />WORK MAY L -I PROCEW <br />WG <br />CLERK OF COUNCIL required if consultant <br />0has employees, <br />�L <br />adziyr�r� �. <br />DATE: 16 2016 AGREEMENT FOR PROVISION OF <br />t : FR3 co) ARBITRAGE REBATE COMPLIANCE SERVICES <br />�JiV1J THIS AGREEMENT is made and entered into this 1sT day of July, 2016 by and between BLx Group <br />(6940 LLC, a limited liability company ("Consultant'), and the City of Santa Ana, a charter city and municipal <br />corporation organlzed and existing under the Constitution and laws of the State of Caltfornla ("City") <br />RECITALS <br />A. The City desires to retain a consultant having special skill and knowledge in the field of financial <br />analysis relating to arbitrage rebate requirements. <br />B. Consultant represents that Consultant is able and willing to provide such services to the City <br />and has provided all arbitrage rebate compliance services in regards to the financing bonds that <br />are the subject of this Agreement. <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 Agreement <br />will be performed in compliance with such standards as may reasonably be expected from a <br />professional consulting firm In the field. <br />NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms <br />and conditions hereinafter set forth, the parties agree as follows: <br />1. SCOPE OF SERVICES <br />Consultant shall perform those services as set forth in Exhibit A to this Agreement, <br />2. DELIVERY OF WORK PRODUCT— OWNERSHIP <br />Consultant warrants and represents that it has the absolute right to enter into and perform this <br />Agreement and will perform Its obligations hereunder In accordance with standards and practices <br />prevailing In the Industry. Consultant's services, including works to be produced by Consultant <br />hereunder, will not infringe or misappropriate the proprietary or personal rights of any third person or <br />party. Consultant shall deliver to City any work product which results from the services provided. Said <br />work product shall be submitted in hard copy and produced in a form compatible with City`s information <br />systems, as agreed between the Project Manager and Consultant. <br />3. COMPENSATION <br />a. City agrees to pay, and Consultant agrees to accept as total payment for its services, the <br />rates and charges identified in Exhibit A. The total sum to be expended under this <br />Agreement shall not exceed $25,000 during the term of this Agreement. <br />b. Payment by City shall be made within thirty (30) days following receipt of proper invoice <br />evidencing work performed, subject to City accounting procedures. Payment need not <br />be made for work which fails to meet the standards of performance set forth in the <br />Recitals which may reasonablybe expected by City. <br />4, TERM <br />This Agreement shall be for a two (2) year term, commencing on the date first written above and <br />terminating on June 30, 2016, unless terminated earlier In accordance with Section 13, below. The <br />term of this Agreement may be extended upon a writing executed by the City Manager and the City <br />Attorney. <br />Page 1 of 6 <br />