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HomeMy WebLinkAboutURBAN FUTURES, INC. 2 - 2014INSURANCEOT ON FILE WORK MAYNOT PROCEED CLERK OF COUNCIL DATE: FEB ©; Fra�� G��ier-rez PROFESSIONAL SERVICES AGREEMENT WITH URBAN FUTURES, INC. FOR FINANCIAL ADVISORY SERVICES R1-2014-017 THIS CONTRACT SERVICES AGREEMENT (herein "Agreement") is made and entered into this t/ 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 shall 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 Murdeipal Securities Rulemaking Board (MSRB). 2.0 CONTINGENT COMPENSATION 2.1 Contract Sum. 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 (30) days following the City Council action referenced above. 3.0 COORDINATION OF WORK 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 set -vices specified herein and make all decisions in connection therewith. 3.2 Contract Officer. The City Manager of the City of Santa Ana, is hereby designated as being the representative of the City authorized to act in its behalf with respect to the work and services specified herein and make all decisions in connection therewith ("Contract Officer"). The City Manager shall have the right to designate another Contract Officer by providing written notice to the Consultant. 3.3 Prohibition Against Subcontracting or Assignment. Consultant shall not contract with any entity to perform in whole or in part the work or services required hereunder without the express written approval of the City. Neither this Agreement nor any interest herein may be assigned or transferred, voluntarily or by operation of law, without the prior written approval of the City. Any such prohibited assignment or transfer shall be void. 3.4 hidependent Contractor. Neither the City nor any of its employees shall have any control over the manner, mode or means by which the Consultant, its agents or employees, perform the services required herein, except as otherwise set forth. Consultant shall perform all services required herein as an independent the contractor of the City and shall remain under only such obligations as are consistent with that role. Consultant shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of the City. 4.0 INSURANCE AND INDEMNIFICATION 4.1 Insurance. The Consultant shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to the City, during the entire term of this Agreement including any extension thereof, the following policies of insurance: (a) Comprehensive General Liability Insurance. Consultant shall maintain commercial general liability insurance which shall include, but not be limited to protection against claims arising from bodily and personal injury, including death resulting therefrom and damage to property, resulting from any act or occurrence arising out of Consultant's operations in the performance of this Agreement, including, without limitation, acts involving vehicles. The amounts of insurance shall be not less than the following: single limit coverage applying to bodily and personal injury, including death resulting therefrom, and property damage, in the total amount of $1,000,000 per occurrence, and in the aggregate. Such insurance shall (a) name the City, its officers, employees, agents, volunteers and representatives as additional insured(s); (b) be primary and not contributory with respect to insurance or self-insurance programs maintained by the City; and (c) contain standard separation of insureds provisions. (b) Worker's Compensation Insurance. A policy of worker's compensation insurance in such amount as will fully comply with the laws of the State of California and which shall indemnify, insure and provide legal defense for both the Consultant and the City against any loss, claim or damage arising from any injuries or occupational diseases occurring to any worker employed by or any persons retained by the Consultant in the course of carrying out the work or services contemplated in this Agreement. (c) Automotive Insurance. . Business automobile liability insurance, or equivalent form, with a combined single limit of not less than $1,000,000 per occurrence. Said policy shall include coverage for owned, non -owned, leased and hired cars. (d) Professional Liability or Error and Omissions Insurance. A policy of insurance in an amount not less than $1,000,000.00 per claim or as is customary for the work to performed under this contract with respect to loss arising from the actions of Consultant performing professional services hereunder on behalf of the City. All of the above policies of insurance shall be primary insurance and shall name the City, its officers, employees and agents as additional insureds. The insurer shall waive all rights of subrogation and contribution it may have against the City, its officers, employees and agents and their respective insurers. All of said policies of insurance shall provide that said insurance may not be amended or canceled without providing thirty (30) days prior written notice by registered mail to the City. In the event any of said policies of insurance are canceled, the Consultant shall, prior to the cancellation date, submit new evidence of insurance in conformance with this Section 4.1 to the Contract Officer. No work or services under this Agreement shall commence until the Consultant has provided the City with Certificates of Insurance or appropriate insurance binders evidencing the above insurance coverages and said Certificates of Insurance or binders are approved by the City. CANCELLATION: SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATED THEREOF, THE ISSUING COMPANY SHALL MAIL THIRTY (30) -DAY ADVANCE WRITTEN NOTICE TO CERTIFICATE HOLDER NAMED HEREIN. The Consultant agrees that the provisions of this Section 4.1 shall not be construed as limiting in any way the extent to which the Consultant may be held responsible for the payment of damages to any persons or property resulting from the Consultant's activities or the activities of any person or persons for which the Consultant is otherwise responsible. The insurance required by this Agreement shall be satisfactory only if issued by companies qualified to do business in California, rated "A" or better in the most recent edition of Best Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better, unless such requirements are waived by the City Attorney due to unique circumstances. 4.2 Indemnification. Consultant agrees to indemnify the City, its officers, agents and employees against, and will hold and save them and each of them harmless from, any and all actions, suits, claims, damages to persons or property, losses, costs, penalties, obligations, errors, omissions or liabilities, including paying any legal costs, attorneys fees, or paying any judgment (herein "claims or liabilities") that may be asserted or claimed by any person, firm or entity arising out of or in connection with the performance of the work or services of the Consultant, its agents, employees, subcontractors, or invitees, provided for herein, or arising from the negligent acts or omissions of the Consultant hereunder, or arising from the Consultant's negligent performance of or failure to perform any term, provision covenant or condition of this Agreement, but excluding such claims or liabilities to the extent caused by the sole negligence or willful misconduct of the City. 5.0 TERM 5.1 Term. Unless earlier terminated in accordance with Section 5.2 below, this Agreement shall begin on the Effective Date and continue in full force and effect until December 31, 2015. There is a one-year option to extend this Agreement subject to approval of both parties. 5.2 Termination Prior to Expiration of Tenn. Either party may terminate this Agreement at any time, with or without cause, upon thirty (30) days' written notice to the other party. Upon receipt of the notice of termination, the Consultant shall immediately cease all work or services hereunder except as may be specifically approved by the Contract Officer. In the event of termination by the City, the Consultant shall be entitled to compensation for all services rendered prior to the effectiveness of the notice of termination and for such additional services specifically authorized by the Contract Officer and the City shall be entitled to reimbursement for any compensation paid in excess of the services rendered. 6.0 MISCELLANEOUS 6.1 Covenant Against Discrimination. Consultant covenants that, by and for itself, its heirs, executors, assigns and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, national origin, or ancestry in the performance of this Agreement. Consultant shall take affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, marital status, national origin or ancestry. 6.2 Non-liabilityof Officers and Employees. No officer or employee of the City shall be personally liable to the Consultant, or any successor in interest, in the event of any default or breach by the City or for any amount which may become due to the Consultant or to its successor, or for breach of any obligation of the terms of this Agreement. 6.3 Conflict of Interest. No officer or employee of the City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to the Agreement which affects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation of any State statute or regulation. The Consultant warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement. 6.4 Notice. Any notice, demand, request, document, consent, approval, or communication either party desires or is required to give to the other party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail, in the case of the City, to the City Manager and to the attention of the Contract Officer, Clerk of the Council, City of Santa Ana, 20 Civic Center Plaza (M-30), P.O. Box 1988, Santa Ana, California 92702-1988, and in the case of the Consultant, to the person at the address designated on the execution page of this Agreement. 6.5 Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply. 6.6 hitegratim Amendment. It is understood that there are no oral agreements between the parties hereto affecting this Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements and understandings, if any, between the parties, and none shall be used to interpret this Agreement. This Agreement may be amended at any time by the mutual consent of the parties by an instrument in writing. 6.7 Severability. In the event that part of this Agreement shall be declared invalid or unenforceable by a valid judgment or decree of a court of competent jurisdiction, such invalidity or unenforceability shall not affect any of the remaining portions of this Agreement which are hereby declared as severable and shall be interpreted to cavy out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Agreement meaningless. 6.8 Waiver. No delay or omission in the exercise of any right or remedy by a non -defaulting party on any default shall impair such right or remedy or be construed as a waiver. A party's consent to or approval of any act by the other party requiring the party's consent or approval shall not be deemed to waive or render unnecessary the other party's consent to or approval of any subsequent act. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. 6.9 Attorneys' Fees. If either party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorney's fees, whether or not the matter proceeds to judgment. 6.10 Corporate Authority. The persons executing this Agreement on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said party, (iii) by so executing this Agreement, such party is formally bound to the provisions of this Agreement, and (iv) the entering into this Agreement does not violate any provision of any other Agreement to which said party is boimd. IN WITNESS WHEREOF, the parties have executed and entered into this Agreement as of the date first written above. ATTEST: MARIA D. HUIZAR Clerk of the Council APPROVED AS TO FORM: SONIA R. CARVALHO City Attorney Ey; Lisa Storck Assistant City Attorney CITY OF SANTA ANA DAVID CAVAZOS City Manager CONSULTANT Urban FL#uies, h am Chief Executive Officer Address: 3111 N. Tustin, Suite 230 Orange, Ca 92965 EXHIBIT "A" SCOPE OF SERVICES The specific tasks to be performed and completed by Consultant in performing the financial advisory services are as provided below in this Exhibit "A". Consultant shall complete all services under this Agreement within the Term, as described in Section 5.1. 1. Assist in the selection of appropriate team members, such as underwriter, bond counsel, and other members of the financing team (depending on method of sale). 2. Prepare fee comparables necessary to negotiate professional service fees. 3. Identify which bond programs maybe appropriate, such as Revenue Bonds and Certificates of Participation (COPs), to name a few. 4. Coordinate review and approval of financing documents with outside State agencies. 5. Evaluate the financing structure, to include debt service schedules; call features; bond security; flow of funds; sources and uses of funds including costs of issuance; underwriters discount and original issue discount; investment of bond proceeds; and estimated positive and negative cash flow to the Client. 6. Assist client staff, underwriters and other financing team members in working with credit rating agencies and financial institutions, and prepare any presentation materials and documentation for rating and credit reviews. 7. Preparation of the necessary financial tables for inclusion in the Official Statement. 8. Work with client staff, bond counsel, disclosure counsel, underwriters and other participants, to review, prepare and advise on information contained in the preliminary and final official statements, Indenture of Trust, fiscal agent agreement, investment agreements, and other legal and disclosure documents and materials required to facilitate the sale of the bonds. 9. Prepare a pre -pricing book and comparable rates and scales to ensure the client is receiving the best yield in the market. 10. Assist in the final closing of the financing and monitor market conditions including interest rate "spreads" between various tax-exempt and taxable securities, up until the actual marketing and pricing of the bonds. EXHIBIT "B" SCHEDULE OF COMPENSATION Proposed F.A. Fee Structure $ 1,000,000 - $ 5,000,640 = $ 2:2,5W $ 55,000,000 $ 10,000,000 $215,500 $'10,000,060 $ 115,000,000 = $311,500 S'15,000,000 $ 20,000,000 $38,500 $ 20,000,003 $ 30,000,000 $ 45,000 $ 30,000,0130 $ 40,000,000 = $50,500 $ 40,000,000 $ 50,000,000 S,55,500 $ 50 000,000 $ 60,000,000 $130,000 $ 130,000,0,00 $ 70,000,000 $ 154,0010 $ 70,000,600 S 80,000,000 = $67,500 $ 80,000,000 $ 90,000,000 = $72,000 $ 110,00,013 $ 100,000,064 $75,000 S -1,000,000 $ 5,000,000 = $22,500 5,900,000 $ '10,000,000 = S26,500 10,000,1390 $ 11 5,000,DOG = $31,500 S 15,000,000 a 20,000,000 = $38,501D $ 20,000,0,00 $ 30.000,000 = $45,000 $ 30,000,000 $ 40,000,000 = $50,500 $ 40,000,0100 IS 50,000,000 = $55,500 $ $ 60,000,004 $ 6o'cloo $ 0(71,000,000 $ 70,000,000 = $ 64,000 $ 70,000,000 $ 80 000,000'. $ 67,500 $x30,000;000 $ 90,000,000 = $ 72,000 $ 90,000,000 $ 100,000,000 = $75,000 $ 1,000,0,013 $ 5,000,000 = $'27 250# $ 5,00f1,000 $ 10,000,000 $33,500 S 10,000,0100 $ 15,600,000 = $39,500 $15,000,0,00 $ 20,000,000 = $44,500 $ 20,000,006 - $ 30,000,000 = $ 50,500 S 30,000,0100 - $ 40,000,000 = $56,500 S 40,000,000 50,000,060 $6Q,DQ0 50,000,000 $ 60,000,000 = $65,000 60,000,0043 $ 70,000,000 = S651,500 $ 70,000,0,013 $ 80,000,000 = $ 74,000 $ 80,000,0,00 $ 90,000,000 = $78,000 $ 90,00,D,0013 $ 100,000,000 = S82,500 $ 1,000,040 - $ 5,000,00IO = $25,000 $ 5,000,000 - $ 10,000,000 = $3,1,540 $ lo'000'Goo - $ 15,00,0,000 = $38,000 $15,000,000 - $ 20,000,000 = $43,500 $20,0120;0'00 - $ 30,0010,003 = $ 4 CI, 530 30,1000,000 - $ 40D04,000 = $55,00,0 40,000,0,00 50,1000,000 $60,01313 $ 50,000,0,00 60J000,003 = $64,250 $ 60,0110,000 70,000,000 = $68,00110 $ 70,0G0,000 80,121010,000 $ 7-1,5010 $ 80,000,000 90,000..006 $75,500 $ 50,000,000 - $ 100,000,000 = t jo,riGo 'TIw Fisc comswtvnvi R.i�mm m.tmauded im the abode fez w'.41edWe An J4ARm,.WS, GOO .111 be o&ed Im the fee k, mm test tie Foaal Cmnsasftft R.P�t MOCIMIN= $ 1,000,0000 - $ 5,000,006 = $30,000 $ 5,000,000 $ 10'000,000 $35,400 V10,000,000 $ 15,000,000 = $40,625 $15,000,000 $ 20,0130,000 $ 415,500 $ 20,000,000 $ 30,0130,000 $611,250 $ 30,000,000 $ 40,0fJ0,000 $56,00O S 40,000,000 $ 50,000,000 $51,500 $ 50,000,000 $ 60,0100.000 = $67,000 $ 60,000,000 $ 70,000,030 = $72,000 $ 70,006 GQ0 80,000,000 = $ 78,004 $ 80,000,000 90,0130,000 $83,575 $ 90,000,000 $ $514'004 Enterprise Revenue $10,000 GWCOPII-Hase Revenue $12,500 Special Tax $15,000 CEO/President S275 Managing Riincipal $250 Principal $200 Associate $125 Analyst $100 AdnififtstraCive Assistant Vrio - yam Policy Number. Date Entered: Ac'c�rxcF CERTIFICATE OF LIABILITY INSURANCE DAT01MMIDAVYYI TYPE OF INSURANCE 1/29/2014 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER, IMPORTANT: If the csttifioate holder Is an ADDITIONAL INSURED, the policy(les) must be ondorsed. II SUBROGATION 1S WAIVED, subJant to the terms and conditions of the polity, certain policies may repaint an endorsement. A statement on this cortlflcate does not confer rights to the certificate holder in lieu of such andomamon s), natmmERTA- Michael Gaffra Insurance Agency 496 N- `-(949)494-7261------ P1 1949) 494-4481 IN Coast BSuite A 1 Laguna Beach, CA 92651 p opp�RssinauranceYagunaboaon@gmail. con - -.--- _._____.._ INSURER(?7)APFORUINO COVERAGE _. INSUNERq: m07A INSURANCE ._....�......,_�v...._...�_..._.... ,jNBURER a: FAki$a7ti8 INBV'RANCE dROUP .......m_. IN EUgED ORBAN FUT[TPd1@B, INC. 3111 N TUSTIN SUITE 230 INS RERC:__._........_,_�,_........_......_..__.... ws gEreny'� _ ORANGE, CA 92665 MBURER E: INSU ERP: COVERAGES CERTIFICATE NUMBER: REVISION NUMBER' THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IB SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMIT$ SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. L TYPE OF INSURANCE lPOLICY NUMOER- 1 b MM LIMiTe--�_- A GENERAL LIA6IUTY ' COMMERCIAL GENERAL TLIABILITY CIAIMS-MADE its OCCUR ` SMp 6351 01 - 2/00/2013 2/00/2014 FACH OCCURRENCE p g�3fEa oav)_raneal $5,000,000 ,._.. $100,000 __.. MEU Ex�one areae $?, OOO _ PCRSOIJAI.&ADVINJURY $NOT COVERED -..------ - GENERAL AGGREGATE.$4 , 000, O0_0 GRN'L AGGREGATE HPOLICv LIMIT APPLIES PER: CRO" IAC PRODUCTBS-COMPIOPAGG ISNOT COVERED y AUTOMOBILE LWSILMEli ItleM NG 1 I 4,000,000 $ A• ANY AUTO ALL OWNEDSCWEDOLED AUTOS AUrTOS HIRED AUTOS AUOTID3WNED ..SMP 6391 01 2/00/2013 DODILY INJURY (Par lmrmn) -- BODILY INJURY IPgratzdanB 2/00/2014 'PRTSPEflii+'BAXTA6€ --- $ T ; "` URYRELLALIAS —µ, EXCESS LIAR OCCUpi CLAIMS•MADE EACH OGCURRCNOE AGGREGATE_. $ DEC RETENTI N R - _�DEBCRIfl_„�,_ WORKERSCOMPENSATION AND EMPLOYERB'LGOLLITV V/p'.ER.-.---- ANY PROPRIETONIHARTNERIEXECUrIVE E0107 91 31 b2/00/2013 02/00/2074 OFFIGERM1lEMEER EXCLUDEDT � RIP, E.L. EACHACCIDENT S_1rOOF,,..,.OFOF (Ma.d.tAt NN) E.L^DISEASE - EA EMPLOYEE �: $11 FOO 1000 /yCa, E08GIba UM1daf 7 -'ION OP OPERATIO_N_E tgNm: _ -E,L DI$EA86-P LIMIT 1$1,000,000 y� M to DESCRIP'HON OF OPERATIONS I LOCATIONS IVERid LES A$aoR ACORD 101, AU4 W..I RanprXe $Phatlulo, Il mom sppaco M apdm RE CITY OF SANTA ANA, ITS 04AERS, EMPLO%EES, AGENTS, VOLtINTgo 1 IJVRq AA%q��NANED AS ADDITIONAL INSUREDS OSe & ��,Ota, Seri pLssistant City CLERK OF THE CITY COUNCIL, CITY OF BANTA ANA. 20 CMC CENTER PLAZA (M-30) P.O. Box 1988 SANTA ANA, CALIFORNIA 92702-1988 SHOULD ANY OF THE ABOVE DBSCRIB£D POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL Be DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. - REPRESENTATIve OS FFM „v ,..+dnv name 0110 mgU RJR 11191318reO mafKS Or AGURU Pradaoed 09OU Fanta Baaa PIUa anRam, *MAC PM'm80aES.Mm', ImprexahR 0.4101111ng 30D-211&1017 cazvCERTIFICATE OF LIABILITY INSURANCE 1/6/2014 Y' THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER, THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(% AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is in ADDITIONAL INSURED, the pollcy(ies) must be endorsed, If SUBROGATION IS WAIVED, subject to the terms and conditions Of the policy, certain policies may require an endorsement A statement on this certificate does not confer rights to the Certificate holder in Bou of such endorsement(s). PRODUCERriCT Gaston & Associates, Inc. w Bina Jagr _ — PaX (91dI20d-14bd T, PNGNE , (914)244-1055JAIQ Id. 100 South Bedford Road Suite 110 Mount Risoo RX 10549_ E. AIE:L GJarrLrf/astona6600.com INSUREPIS)AFFOR0INGQOVERAGE NAIGN INSURERA:CXecuti.Ve Risk_Indemnity 1no.,—_ 35181 INSURED INSUR_F._R_a: MEU E%P (An Une peBea Urban Futures, Inc. 3111 North Tustin, Suite 230 PLREONAL&AOVINJURY _ IdLsunEfl o;I. Oran a CA 92885 INSURER F: COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE SEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN_ MAY HAVE BEEN REDUCED BY PAID CLAIMS. tLER TYPE OF INSURANCE R �L NUMBER MOI Y I PM U E%P IT LIMITS EACH OCCURRENCE S GENERAL LIABILITY _ COMMERCIAL GENERALLIADILI FY CLAIMS -MADE, El OCCUR P.36.MJBFy1e99S�lrsnrxl _ $ Y MEU E%P (An Une peBea 5 PLREONAL&AOVINJURY $ -�� GENP.ViAL AGGREGATE S GEN'L AGGREGATE POLICY LIMIT APPLIES PER PR LOG PRODUCTS-COMPIOPAGG $ AUTOMOBILE LIABILITY M1 O IN LRI En acclidnl __„--- ,T -,-- ROSILY INJURY (Par perepnl 5 _ ANY AUTO m _> _ ALL OWNEDBCNEUULED AUTOS APCIE hIIRE0 NON -OWNED Al1Tp3 AUTOS BODILY IWURY(por nmldont) S F1fFBRiY �AM�A(-..._-' n �anll 5 b UMBRELLA LIAR OCCUR EACH OCCURRENCE $ EXCESS LMB CLAWS -MADE AGGREGATE �� @ ..0 IrlRETNTIONS WORKERS COMPENSATION AND EMPLOYERS'LIABILITY YIN ANY PROPWETOWPARTNEILEKECUTYR OPFICLWMeMBER E%CLUDEW Ej (Mandatoryln NHl 1/ e9,"Sonde Under O P'[fON OF OPERATION9lit uw NIA _ ,__ A U� LITH. kIMn _. E I. EACH ACCIDENT $ �. E.L- DISEASE -EA EMPLOYE ..�_ S E I.. DISEASE -FOLIC LIMIT ------------ % A Professional Liability --�---_ 6801-9383 12/23/201312/23/2014 81,000,000 (Errors 6 Omissions) L $50,000 DESCRIPTION OF OPERATIONS I LOCATIONS/VENICLESIABaoAACORU ILII, AddIOUon RemntRe SehPdula, Il more rodi EVIDENCE OF COVERAGE ey or MOO c4�y The City of Santa Ana Clerk of the Council 20 Civic Center Drive Santa Ana, CA 92701 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS, Gaston IV/AAtom------ mauzn rnnmwr,n 1 h Af:flwn nnMn nnN InNIf nrn r.m.tA,.d M1 nrYC of anewn URBAFUT-01 JDERCOLE ,a ° CERTIFICATE OF LIABILITY INSURANCE 11`1 OATE(MMI00/'1 YV) vsnol s _ THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER, THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(les) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Brown & Brown of New York Inc. 800 Westchester Avenue, N311 CONTACT NAME: PHONE 914 337-1833 FAx FlIC No Ext:( I A/c No: (914) 337.1596 Rye Brook, NY 10573 EMAIL ADDRESS: y info bbinsn com INSURER(S) AFFORDING COVERAGE NAICN INSURERA:Executive Risk Indemnity Inc (Chubb) 35181 INSURED / / INSURER B: Urban FUfnfeS, Inc. ✓ 3111 North Tustin INSURER C: SUITE 230 INSURER D: INSURER E: Orange, CA 92866 INSURER F' COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECTTOALLTHE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR LTR TYPE OF INSURANCE ADDLSUBR INSD WVD POLICYNUMBER POLICY EF MMIDDIYVT( POLICY EXP MMIDDNYYY LIMITS COMMERCIAL GENERAL LI ABILITY NCE $ CLAIMS -MAGE OCCUR currence $ M(Edoccu�snde) e person) $ INJURY $ AGGREGATE LIMIT APPLIES PER: POLICV ❑PRP ❑LOC ECT EGATE $ GEN'L PRODUCTS-COMPIOP AGC $ $ OTHER'. AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT $ Ea accMent BODILY INJURY (Per person) $ ANY AUTO ALLOWNE AUTOS AUTOS SCHEDULED BODILY INJURY ( Par accident)$ HIREDAUTOS NON -OWNED AUTOS PROPERTY DAMAGE $ Peraccident UMBRELLA LIAB OCCUR EACH OCCURRENCE $ AGGREGATE $ EXCESS LIAB CLAIMS -MADE DED RETENTION$ $ WORKERS COMPENSATION AND EMPLOYERS' LIABILITY YIN ANY PROPRIETORIPARTNER/EXECUTIVE OFFICERIMEMBER EXCLUDED? n _T NIA PER OTH- STATUTE ER E, L. EACH ACCIDENT $ i.. DISEASE L-A GNPLOYEc $ i(PJlantlelar/ W Nn) If yes, describe under J_. DISEASE -POLICY LIP.IIT $ _ DESCRIPTION OF OPERATIONS below A Errors & Omissions R 6801.9352 12/2312016 1212312016 Aggregate Limit 2,000,000 A Errors & Omissions 6801-9352 / 12/23/2016 12/2312016 Retention Each Claim 50,000 ✓ ✓ DESCRIPTION OF OPERATIONSI LOCATIONS /VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if morespare is required) City of Santa Ana is listed as an Additional Insured under the Errors & Omissions Liability policy. Waiver of Subrogation is included, CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE City of Santa Ana Attn: Teresa Ramirez THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. 20 Civic Center Plaza AUTHORIZED REPRESENTATIVE Santa Ana, CA 92701 r ©1988-2014 ACORD CORPORATION. All rights reserved. ACORD 25 (2014101) The ACORD name and logo are registered marks of ACORD '�� /�� �t/ 3 Policy Number: Date Entered: .44C4C>R0 CERTIFICATE OF LIABILITY INSURANCE `.� DATE 12/115/20155/2015 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder Is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Michael Geffre Insurance Agency 496 N Coast Hwy, Suite A Laguna Beach, CA 92651 CONTACT NAME: Ef:(948)484-7261 AC No:(949)494-4481 E-MAIL nDDRESS: Jana@ mgf armers . com 60470390 12/08/2015 12/08/2016 INSURERS AFFORDING COVERAGE NAICp INSURER MERCER INSURANCE COMPANY $ IDU, OOD MED EXP (Any one person) INSURED URBAN FUTURES, INC. INSURER B: FARMERS INSURANCE GROUP PERSONAL &ADV INJURY and DHA ISOM ADVISORS INSURER C: MID-CENTURY INSURANCE COMPANY GENERAL AGGREGATE INSURER D: PRODUCTS-COMP/OP AGG 3111 N TUSTIN SUITE 230 ORANGE, CA 92865 N S C AUTOMOBILE LIABILITY ANY AUTO ALL OWNED SCHEDULED AUTOS AUTOS HIRED AUTOS NON -OWNED AUTOS INSURERURER FE 03/11/2015 COVERAGES CERTIFICATE_ NIIMRFR- REVISION NHMRFR- THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR LTR TYPE OF INSURANCE ADDL SUBR POLICY NUMBER POLICY EFF MMIDD/YYYY POLICY EXP MM/DD/YM LIMITS A COMMERCIAL GENERAL LIABILITY CLAIMS -MADE ®OCCUR 60470390 12/08/2015 12/08/2016 EACH OCCURRENCE $1,000,000 DAMAGE TO RENTED PREMISES Ea occurrence $ IDU, OOD MED EXP (Any one person) $5,000 PERSONAL &ADV INJURY $1,000,000 GENL AGGREGATE LIMIT APPLIES PER: POLICY JECOT LOC OTHER'. GENERAL AGGREGATE $2,000,000 PRODUCTS-COMP/OP AGG $NOT COVERED $ C AUTOMOBILE LIABILITY ANY AUTO ALL OWNED SCHEDULED AUTOS AUTOS HIRED AUTOS NON -OWNED AUTOS 605900024 03/11/2015 03/11/2016 COMBINED S INGLE LIMIT Ea accitlent $1r 000, UUU BODILY INJURY (Per person) -i- BODILY INJURY (Per accident)$ PROPERTY DAMAGE Peraccident $ $ A UMBRELLA LIAB EXCESS LIAB OCCUR CLAIMS -MADE 60470390 I 12/08/2015 12/08/2016 EACH OCCURRENCE $2,000,000 AGGREGATE $ DED RE I IS B WORKERS COMPENSATION AND EMPLOYERS' LIABILITY YIN OFFICFWMEMBER EXCLUDED? (Mandatory in NH) If yes, describe under DESCRIPTION OF OPERATIONS below NIA N0915 67 09 02/08/2015 I 02/08/2016 PER OTH- STATUTE ER E.L EACH ACCIDENT $1,000,000 E.L. DISEASE - EA EMPLOYEE $1,000,000 E.L. DISEASE -POLICY LIMIT I $1,000,000 ✓ / V DESCRIPTION OF OPERATIONS / LOCATIONS /VEHICLES (ACORD 101, Additional Remarks Schedule, maybe attached If more space Is required) THE CITY OF SANTA ANA ATTN: R-1-CHacRD—M9ND17ZA_ 20 CIVIC CENTER DR. SANTA ANA, CA 92701 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. REPRESENTATIVE GEFFRE ©1 ACORD 25 (2014/01) The ACORD name and logo are registered marks of ACORD Produced using Forms Boss Plus software. www. Forms Boss.com', Impressive Publishing 800-208-1977 All rights reserved_ (T7 eo( // I ✓P �151 Il f�