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<br />. <br /> <br />r <br />: ORIGINAL <br /> <br />. <br /> <br /> <br />AGREEMENT FOR PROFESSIONAL SERVICES <br />William Euphrat Municipal Finance, Inc <br /> <br />GREEMENT is made and entered into as of the l ~ day of <br />,2010, by and between the CITY OF REDWOOD CITY, a charter <br />and municipal corporation of the State of California ("City"), and William Euphrat <br />Muni9ipal Finance, lnc ("Consultant"). <br /> <br />RECITALS <br /> <br />A. City requires the professional services of a financial advisor. <br /> <br />B. Consultant has the necessary experience in providing professional <br />services and advice. <br /> <br />C. Selection of Consultant is expected to achieve the desired results in an <br />expedited fashion. <br /> <br />D. Consultant has submitted a proposal to City and has affirmed its <br />willingness and ability to perform such work. <br /> <br />NOW, THEREFORE, in consideration of these recitals and the mutual covenants <br />contained herein, the Parties agree as follows: . <br /> <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 /> <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 /> <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 /> <br />4. Schedule. Consultant will adhere to the schedule set forth in Exhibit "A", <br />provided, that City in its discretion may grant reasonable extensions of time for the <br />performance of such services occasioned by unusually lengthy governmental reviews of <br />Consultant's work product or other unavoidable delays occasioned by circumstances; <br />provided, further, that such unavoidable delay will not include strikes, lockouts, work <br /> <br />Agreement over $1 OK 1 <br />City Attorney Approved Version 041410 <br />