Agmt21 William Euphrat Municipal Finance, Inc.

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AGREEMENT FOR PROFESSIONAL SERVICES William Euphrat Municipal Finance, Inc. THIS AGREEMENT is made and entered into as of the 15th day of January , 2021 (the "Effective Date"), 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., a corporation of the State of California ("Consultant"). RF(:ITAI S A. City requires the professional services of a municipal advisor that is experienced in providing advice to public agencies with respect to securing private loans and the structuring and sale of bonds. B. City expects to participate in sewer revenue loans and bonds secured through and issued by Silicon Valley Clean Water ("SVCW"), a Joint Powers Authority of which the City of Redwood City is a member agency. C. Consultant has the necessary experience in providing municipal finance professional services and advice. D. Selection of Consultant is expected to achieve the desired results in an expedited fashion. E. 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 . ollows: 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. City will have the right to modify the scope of work to delete tasks in whole or in part. Any individuals listed as "Key Personnel" on Exhibit "A" will perform the roles ascribed to them in Exhibit "A". Consultant may not change the list of Key Personnel without the prior written consent of the City. Services will be authorized by City, as needed, with a task order assigned and approved by the City's Finance Manager, Derek Rampone. Each task order will be in substantially the same form as attached Exhibit A-1, which is incorporated herein by reference. Each task order will designate a City Project Manager and will contain a specific scope of work, a specific schedule of performance, and a specific compensation amount. The total price of all task orders may not exceed the amount of compensation set forth in Section 6 REV: 12-10-2020 EI ATTY/AGR.2020.292/William Euphrat Municipal Finance, Inc. (Page 1 of 16)