Agmt16 William Euphrat Municipal Finance, Inc.

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ORIGINAL AGREEMENT FOR PROFESSIONAL SERVICES William Euphrat Municipal Finance, Inc THIS AGREEMENT is made and entered into as of the 25th day of October, 2016, by and between the CITY OF REDWOOD CITY, a charter city and municipal corporation of the State of California ("City"), and William Euphrat Municipal Finance, Inc ("Consultant"). RECITALS A. City requires the professional services of a municipal finance advisor that is experienced in providing advice to public agencies with respect to the structuring and sale of bonds in order to refinance the City of Redwood City Public Financing Authority Water Revenue Bonds, Series 2007A ("2007 Water Bonds"). B. Consultant has the necessary experience in providing professional services and advice related to advising public agencies with respect to the structuring and sale of municipal bonds. C. Selection of Consultant is expected to achieve the desired results in an expedited fashion. D. Consultant has submitted a proposal to City and has affirmed its willingness and ability to perform such work. NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, the Parties agree as follows: 1. Scope of Work. City retains Consultant to perform, and Consultant agrees to render, those services (the "Services") that are defined in attached Exhibit "A," which is incorporated herein by reference. In the event of a conflict between the provisions of Exhibit "A" and the terms of this Agreement, the terms of this Agreement shall prevail. City shall have the right to modify the scope of work to delete tasks in whole or in part. 2. Standard of Performance. While performing the Services, Consultant will exercise the reasonable professional care and skill customarily exercised by reputable members of Consultant's profession practicing in the urban Northern California Area, and will use reasonable diligence and best judgment while exercising its professional skill and expertise. 3. Term. Unless earlier terminated, the term of this Agreement will commence upon the date first above written and shall expire upon completion of performance of Services hereunder by Consultant. 4. Schedule. Consultant will adhere to the schedule set forth in Exhibit "A", provided, that City in its discretion may grant reasonable extensions of time for the performance of such services occasioned by unusually lengthy governmental reviews of REV: 12-07-16 JS ATTY/AGR/2016.324 EUPHRAT PFA WATER BOND REFUNDING 2017 Page 1 of 14