Agmt25 Financial and Accounting Services for SBWMA

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Page 1 of 9 AGREEMENT FOR SERVICES (Financial and Accounting Services for SBWMA) THIS AGREEMENT is made and entered into as of the _____ day of __________________, 2024 (“Effective Date”), by and between the CITY OF REDWOOD CITY, a charter city and municipal corporation of the State of California (“City”), and SOUTH BAYSIDE WASTE MANAGEMENT AUTHORITY, a joint powers authority in San Mateo County (“Authority”) (collectively referred to as the “Parties” or individually as a “Party”). RECITALS A. Authority requires financial and accounting services of the City’s Finance Department. B. City has the necessary experience and staff available to provide these services. C. The Parties previously executed that certain Agreement for Professional Services with Authority, dated as of July 03, 2019. The agreement expired on June 30, 2024. However, the Parties continued to work together to ensure continuation of delivery of services described below. The Parties now wish to authorize the payment to the City for any services rendered for the period between July 01, 2024 and the Effective Date of this Agreement. NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, the Parties agree as follows: 1. Scope of Work. Authority retains City to perform, and City 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. 2. Standard of Performance. While performing the Services, City will exercise reasonable professional care 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 on July 01, 2024 and shall expire on June 30, 2026. The City and Authority may amend the Agreement to extend it for three (3) additional periods of one (1) year in an amount in an amount to be mutually decided at the time of extension. Extensions will be based upon a satisfactory review of City's performance, City’s ability to continue to provide services, Authority’s needs, and appropriation of funds by the Authority. The Parties will prepare a written amendment indicating the effective date and length of the extended Agreement. 25 November