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INSURANCE NOT ON FILE N-2025-249 <br /> WORK MAY NOT PROCEED <br /> CITY CLERK <br /> DATE; SEP 3 0 2025 <br /> PCs 4c pe(ez(pz) AGREEMENT WITH URBAN FUTURES, INC. TO PROVIDE <br /> FINANCIAL ADVISORY AND DISSEMINATION AGENT SERVICES <br /> THIS AGREEMENT is made and entered into on this 1 I th day of September,2025 by and between <br /> Urban Futures, Inc., a California corporation, ("Consultant"), and the City of Santa Ana, a charter <br /> city and municipal corporation organized and existing under the Constitution and laws of the State <br /> of California("City"), <br /> RECITALS <br /> A. The City desires to retain a Consultant having special skill and knowledge in the field of: <br /> municipal financial services. <br /> B. Consultant represents that it is able and willing to provide such services to the 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 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 perform during the term of this Agreement, the tasks and obligations <br /> including all labor, materials, tools, equipment, and incidental customary work required to fully <br /> and adequately complete the services described and set forth in the Scope of Work,attached hereto <br /> and incorporated by references as Exhibit A, and in the Consultant's Proposal dated August 8, <br /> 2025, Exhibit B, attached hereto and incorporated by reference. Specifically, Consultant will act <br /> as financial advisor to the City, evaluating the financial impact of projects that materially affect <br /> the city's economic future, including the feasibility in issuing a pension obligation bonds, <br /> refunding existing debt to achieve debt service savings and providing investors along with <br /> regulatory agencies true, current and accurate financial information of the City. Consultant will <br /> also act as the financial advisor for the City when issuing of debt, and will also take part in <br /> performing due diligence, by conducting an RFP process, recommending the team of investment <br /> professionals (attorneys, underwriter, fiscal agent, consultants) who will assist the City with the <br /> process in issuing debt. <br /> 2. COMPENSATION <br /> a. City agrees to pay, and Consultant agrees to accept as total payment for its services for <br /> City, the rates and charges identified in Compensation -Exhibit C. The total amount <br /> to be expended during the tern of this Agreement shall not exceed $50,000. <br /> b. City shall recognize and compensate Consultant for any services provided since <br /> September 1, 2025. <br /> Page1ofX8 <br /> #2098087vl DI <br />