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<br /> ORIGINAL <br /> AGREEMENT FOR PROFESSIONAL FINANCIAL CONSULTING SERVICES <br /> (Bartle Wells Associates) <br /> THIS AGREEMENT ~ made and entered into as of the J1!d.y of <br /> r:lOOnw~, 200l y and between the CITY OF REDWOOD CITY, a charter <br />city and mun al corporation of the State of California ("City"), and Bartle Wells <br />Associates, a California Corporation ("Consultant") (collectively, the "Parties"). <br /> REGIT ALS <br /> A. City requires the professional services of an independent public finance <br />advisor that is experienced in all aspects of water, wastewater and recycled water <br />financial planning, rate setting, fees and charges and related public utility financial <br />activities. <br /> B. Consultant has the necessary experience in providing professional <br />services and advice related to public utility financial planning. <br /> C. Selection of Consultant is expected to achieve the desired results in an <br />expedited fashion. <br /> D. Consultant has submitted a proposal to City and has affirmed its <br />willingness and ability to perform such work. <br /> NOW, THEREFORE, in consideration of these recitals and the mutual covenants <br />contained herein, the Parties agree as follows: <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 />2. Standard of Performance. While performing the Services, 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 />Area, and will use reasonable diligence and best judgment while exercising its <br />professional skill and expertise. <br />3. Term. Unless earlier terminated, the term of this Agreement will commence upon <br />the date first above written and shall expire upon completion of performance of Services <br />hereunder by Consultant. <br />4. Schedule. Consultant will generally adhere to the schedule set forth in Exhibit <br />"A" hereof, attached hereto and by this reference incorporated herein; provided, that <br />City will grant reasonable extensions of time for the performance of such services <br />occasioned by unusually lengthy governmental reviews of Consultant's work product or <br />Agreement over $10K 1 <br />City Attorney Approved Version 101003 <br />