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AGREEMENT FOR PROFESSIONAL SERVICES <br /> William Euphrat Municipal Finance, Inc <br /> THIS AGREEMENT is made and entered into as of the ` day of <br /> , 2016, by and between the CITY OF REDVVOOD CiTY, a charter <br /> and and mu icipal corporation of the State of California ("City" ) , and William Euphrat <br /> Municipal Fi ance, Inc ("Consultant"). <br /> RECITALS <br /> A. • City requires the professional services of a municipal finance advisor that <br /> is experienced in providing advice to public agencies with respect to the structuring and <br /> sale of municipal bonds in order to refinance the City of Redwood City One Marina <br /> Community Facilities District 2010-1 Special Tax Bonds Series 2011 . <br /> B . Consultant has the necessary experience in providing professional <br /> services and advice. <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 herein by reference. In the event of a conflict between the provisions of <br /> Exhibit "A" and the terms of this Agreement, the terms of this Agreement shall prevail . <br /> City shall have the right to modify the scope of work to delete tasks in whole or in part. <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 urban Northern California Area, <br /> and will use reasonable diligence and best judgment while exercising its professional <br /> 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 adhere to the schedule established by the City for <br /> performance of the work contemplated by this Agreement; provided, Consultant will not <br /> REV: 04-19-16 JS <br /> Page 1 of 14 <br /> ATTY/AGR.2016.079/W.Euphrat-FinanceAdvisorySvcs <br />