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N-2026-134 01 ) 011j4 fr JUN 1 12026 AGREEMENT WITH THE HOWARD E.NYHART CO.,INC. FOR ACTUARIAL VALUATION SERVICES FOR OTHER POST-EMPLOYMENT BENEFITS (OPEB) p: U►qr THIS AGREEMENT is made and entered into on this 28th day of April, 2026 by and 5o►YUh No Uil) between The Howard E. Nyhart Co., Inc, an Indiana corporation ("Consultant"), and the City of Santa Ana, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California("City"). RECITALS A. On February 5,2026,the City issued a Request for Proposal No.26-011 ("RFP"),by which it sought proposals from qualified firms to provide actuarial services for other post- employment benefits ("OPEB") in accordance with Governmental Accounting Standards Board Statement 75. B. Consultant submitted a responsive proposal that was selected by the City and Consultant represents that it is able and willing to provide such services to the City. C. In undertaking the performance of this Agreement, Consultant represents that it is knowledgeable in its field and that any services performed by Consultant under this Agreement will be performed in compliance with such standards as may reasonably be • expected from a professional consulting firm in the field. NOW THEREFORE, in consideration of the mutual and respective promises,and subject to the terms and conditions hereinafter set forth, the parties agree as follows: 1. SCOPE OF SERVICES Consultant shall perform those services as described in the Scope of Work, identified and attached hereto as Exhibit A, as well as RFP No. 26-011 and the Consultant's proposal, which are incorporated herein by reference. 2. COMPENSATION a, City agrees to pay, and Consultant agrees to accept as total payment for its services for City, the rates and charges identified in Exhibit B, attached hereto and incorporated herein. The total annual amount shall not exceed the amounts specified in Exhibit B. The annual amounts for each fiscal year review, as listed in Exhibit B,shall be paid out in two(2)installments: Fifty(50)percent upon commencement of the listed fiscal year review, and the remaining Fifty (50) percent upon completion of the listed fiscal year review. The parties shall agree upon, in writing, to confirm the commencement and completion of services. The total amount to be expended during the term of this Agreement shall not exceed$39,000. b. Payment by City shall be made within forty-five(45) days following receipt of proper monthly invoices evidencing work performed, subject to City accounting procedures. Payment need not be made for work which fails to meet the standards of performance Page 1 of 8 #2178086v1