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<br />0R8AL <br /> <br />AGREEMENT FOR REVENUE ENHANCEMENT SERVICES <br />MBIA MUNISERVICES COMPANY <br /> <br />THIS AGREEMENT is made and entered into as of the ~J, day of <br />~ , 2005, by and between the CITY OF REDWOOD CITY, a charter <br />city and municipal corporation of the State of California ("City"), and MBIA MuniServices <br />Company, a Delaware Corporation ("Consultant") (collectively, the "Parties"). <br /> <br />RECITALS <br /> <br />A. City requires the professional services of a Consultant that is experienced <br />in revenue enhancement and municipal taxation. <br /> <br />B. Consultant has the necessary experience in providing professional <br />services and advice related to the services set forth in Exhibit A. <br /> <br />C. Selection of Consultant is expected to achieve the desired results in an <br />expedited fashion. <br /> <br />D. Consultant has submitted a proposal to City and has affirmed its <br />. willingness and ability to perform such work. <br /> <br />NOW, THEREFORE, in consideration of these recitals and the mutual covenants <br />contained herein, the Parties agree as follows: <br /> <br />1. Scope of Work. City retains Consultant to perform, and Consultant agrees to <br />render, those services (the "Services") that are defined in attached Exhibit "A," which is <br />incorporated by this reference in accordance with this Agreement's terms and <br />conditions. <br /> <br />2. Standard of F::_erformallce, While performing the ServiceE:, Consultant will <br />exercise the reasonable professional care and skill customarily exercised by reputable <br />members of Consultant's profession practicing in the Metropolitan Northern California <br />!\iea, and will use reasonable diligence and best judgment while exercising its <br />p(u[e~~¡ono.: skill an;"":! expertise, <br /> <br />3. Term, Unless earlier terminated, the term of this Agreement will commence upon <br />the date first above written and shall continue for a period of one (1) year. <br /> <br />4. ;?ç_b(~~ç1~J~.. Conc;ultClnt 'Nill gene;'e.I!y adhüre to the schedule set forth in Exhibit <br />'A' hereof, attached hereto anci by this reference incorporated herein; provided, that <br />City will grant (easonable extensions or time for the performance at such services <br />occasioned by unusually lengthy governmental reviews of Consultant's work product or <br />other unavoidable delays occasioned by circumstances; provided, further, that such <br />unavoidable delay will not include strikes, lockouts, work stoppages, or other labor <br />disturbances conducted by, or on behalf of, Consultant's officers or employees. <br />