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Agmt21 PFM Asset Management LLC
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Agmt21 PFM Asset Management LLC
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Last modified
10/16/2025 3:42:55 PM
Creation date
1/3/2025 9:52:22 AM
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Template:
Agreement
RMP File Number
304
Date
11/10/2021
Amendment
Yes
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REV: 07-22-2021 MI <br />21.3 If City materially fails or refuses to perform any of the provisions of this <br />Agreement, and if City does not cure the default within thirty (30) days of Consultant <br />providing a written notice specifying the nature of the default, Consultant may <br />terminate this Agreement immediately by giving written notice to City. <br />21.4 Within ten (10) days of termination pursuant to this Section 21 or of the natural <br />expiration of this Agreement, Consultant will assemble any Deliverables without <br />charge and put it in order for proper filing and closing and deliver it to City. Consultant <br />will be paid for work performed up to the termination date; however, the total will not <br />exceed the amount payable under this Agreement. City will determine the final <br />payment amount based upon the value of the work product delivered to City and the <br />percentage of the Services performed. <br />22. Covenants against Contingent Fees. Consultant warrants that Consultant has not <br />employed or retained any company or person, other than a bona fide employee working for <br />Consultant, to solicit or secure this Agreement, and that Consultant has not paid or agreed <br />to pay any company or person, other than a bona fide employee, any fee, commission, <br />percentage, brokerage fee, gift, or any other consideration contingent upon, or resulting from, <br />the award or making of this Agreement. For breach or violation of this warranty, City will <br />have the right to annul this Agreement without liability, or, in its discretion, to deduct from the <br />Agreement price or consideration, or otherwise recover, the full amount of the fee, <br />commission, percentage, brokerage fees, gift, or contingent fee. <br />23. Claims and Lawsuits. Consultant acknowledges that if a false claim is submitted to <br />City by Consultant, Consultant may be subject to criminal prosecution for fraud. Consultant <br />also acknowledges that California Government Code sections 12650 et seq. (the False <br />Claims Act), as amended, applies to this Agreement and provides for civil penalties where a <br />person knowingly submits a false claim to a public entity. These provisions include false <br />claims made with deliberate ignorance of the false information or in reckless disregard of the <br />truth or falsity of information. If City seeks to recover penalties pursuant to the False Claims <br />Act, it is entitled to recover its litigation costs, including attorney's fees. Consultant <br />acknowledges that the filing of a false claim may subject Consultant to an administrative <br />debarment proceeding. As a result of such proceeding, Consultant may be prevented to act <br />as a Consultant on any public work or improvement for a period of up to five (5) years. <br />Consultant acknowledges that disbarment by another jurisdiction is grounds for City to <br />terminate this Agreement. <br />24. Jurisdiction and Venue. Any action at law or in equity brought by either of the Parties <br />for the purpose of enforcing a right or rights provided for by this Agreement will be tried in a <br />court of competent jurisdiction in the County of San Mateo, State of California. The Parties <br />waive all provisions of law providing for a change of venue in these proceedings to any other <br />county. <br />25. Successors and Assigns. This Agreement will be binding upon the Parties and their <br />respective successors and assigns. Except as provided in Exhibit A, Consultant may not <br />assign this Agreement, nor any part of it, nor any monies due or to become due under it <br />without the prior written consent of City, which City may withhold in its sole discretion. <br />ATTY/AGR.2021.129/PFM Asset Management LLC (Investment Advisory Services) (Page 8 of 17)
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