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<br />UTILITY USERS TAX/FRANCHISE <br /> <br />COMPLIANCE AND REVENUE PROTECTION PROGRAM <br /> <br />This AGREEMENT is made at Redwood City, California, as of ,2000, by and between <br />the City of Redwood City, a municipal corporation (hereinafter referred to as "CITY") and <br />MBIA MuniServices Company/Municipal Resource Consultants (hereinafter referred to as <br />"MMC"). MMC agrees to provide the CITY with certain professional services in furtherance of <br />a comprehensive utility users tax/franchise compliance and revenue protection program <br />(hereinafter "PROGRAM"), with broad participation by California public agencies, that is <br />designed to preserve, protect, and enhance their utility users tax (UUT) and utility franchise <br />revenues. <br /> <br />1. PROGRAM OBJECTIVES <br /> <br />MMC's auditing, geocoding, information, and associated services and skills, in conjunction <br />with the legal and "protective" services of the CITY's outside counsel, Donald H. Maynor, A <br />Professional Law Corporation (LAW FIRM), will be used to establish and implement a <br />PROGRAM that will allow participating California public agencies to preserve, protect and <br />enhance their UUT and utility franchise revenues through a combination of auditing, <br />geocoding, tax application compliance, business detection, ordinance update, legislative <br />monitoring, technology update, and other essential compliance and protective services. An <br />effective compliance PROGRAM will assist the CITY, and other participating public <br />agencies, in identifying and correcting errors/omissions causing revenue deficiencies, and <br />thereby produce new or previously unrealized revenue for such participants. The <br />PROGRAM's tax preservation services will protect the CITY's existing UUT revenues from <br />erosion due to new legislation, new technologies, outdated ordinance language and <br />inaccurate information. By offering these essential services through a comprehensive <br />PROGRAM, with widespread participation, there are the additional benefits of: i) achieving <br />lower individual costs for such joint activities; and, ii) developing consensus-based decisions <br />regarding ordinance interpretations and tax implementation that utility industries require of <br />California public agencies. <br /> <br />2. ROLE OF CLIENT EXECUTIVE COMMITTEE <br /> <br />A Client Executive Committee (CEC) has been formed, and is made up of client public <br />agency representatives, to review and approve the PROGRAM's proposed work plan, and <br />provide general PROGRAM oversight. The CEC will also function to develop consensus <br />positions on tax application issues, and other matters requiring uniformity among California <br />public agencies with UUT ordinances. MMC will provide quarterly progress reports to the <br />CEC and to the CITY to establish the PROGRAM's continuing value to the CITY. <br /> <br />Agmt-412 <br />F :/SharedlRedwood/C ouncil <br />FXS:djk <br />10/13/00 <br /> <br />2 <br />