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ORIGINAL <br />AGREEMENT FOR PROFESSIONAL SERVICES <br />William Euphrat Municipal Finance, Inc. <br />`THIS AGREEMENT is made and entered into as of the I-2- day of <br />�1 <br />y" IARGN , 201q, by and between the CITY OF REDWOOD CITY, a charter <br />city and municipal corporation of the State of California ("City"), and William Euphrat <br />Municipal Finance, Inc., a corporation of the State of California ("Consultant"). <br />RECITALS <br />A. City requires the professional services of a Municipal Advisor that is <br />experienced in providing advice to public agencies with respect securing a Water <br />Infrastructure Finance and Innovation Act loan from the U.S. Environmental Protection <br />Agency and to the structuring and sale of bonds in order to issue Wastewater Revenue <br />Notes, Series 2019A through Silicon Valley Clean Water, a Joint Powers Authority of <br />which the City of Redwood City is a member agency. <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 />Page 1 of 15 <br />REV: 02-11-19 DZ <br />ATTY/AGR.2019.036/SVCW Wastewater Revenue Notes 2019A Municipal Advisor - Willaim Euphrat <br />