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<br /> OR\G\NAL J C, <br /> ,"- - 0 """oj ~'lL <br /> AGREEMENT FOR REVENUE ENHANCEMENT SERVICES <br /> MBIA MUNISERVICES COMPANY <br /> , THIS AGREEMENT {, made and entered into as of the ~ay of <br />~, 2003, Y and between the CITY OF REDWOOD CITY, a cha rte, <br />city and muni' corporation of the State of California ("City"), and MBIA MuniServices <br />Company, a Delaware Corporation ("Consultant") (collectively, the "Parties"). <br /> RECITALS <br /> A. City requires the professional services of a Consultant that is experienced <br />in revenue enhancement and municipal taxation. <br /> B. Consultant has the necessary experience in providing professional <br />services and advice related to the services set forth in Exhibit A. <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 continue for a period of one (1) year. <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 />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 />Dbbforms/MBIA Agreement over 10000 <br />11/12/03 <br />