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<br />ORIGINAL <br /> <br />AGREEMENT FOR ACTUARIAL SERVICES <br />BARTEL ASSOCIATES, LLC <br /> <br />THIS AGREEMENT is made and entered into as of the 6' day of <br />-;j~ ' 2ocf1, by and between the CITY OF REDWOOD CITY, a charter <br />city and m cipal corporatibn of the State of California ("City"), and Bartel Associates, <br />LLC _ _' an actuary ("Consultant") (collectively, the <br />"Parties''). <br /> <br />RECITALS <br /> <br />A. City <br />actuary <br />calculat:ons <br /> <br />requires the professional services of an <br />that is experienced in actuarial valuations for OPEB <br /> <br />B. Consultant has the necessary experience in providing professional <br />services and advice related to OPEB calculations_ " <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 by this reference in accordance with this Agreement's terms and <br />conditions. <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 Metropolitan Northern California <br />Area, and will use reasonable diligence and best judgment while exercising its <br />professional 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 generally adhere to the schedule set forth in Exhibit <br />"A" hereof, attached hereto and by this reference incorporated herein; provided, that <br /> <br />Agreement over $10K 1 <br />City Attorney Approved Version 111803 <br />