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PROFESSIONAL SERVICES AGREEMENT <br /> THIS PROFESSIONAL SERVICES AGREEMENT ("Agreement") is entered into <br /> this 21st day of December 2015, between the CITY OF PLEASANTON, a municipal <br /> corporation ("City"), and Public Financial Management, Inc. ("PFM"), a limited liability <br /> corporation ("LLC") whose address is 50 California Street, Suite 2300, San Francisco, CA <br /> 94111, and telephone number is (415) 982-5544, ("Consultant"). <br /> RECITALS <br /> A. Consultant is qualified to and experienced in providing financial advisory services <br /> for the purposes specified in this Agreement. <br /> B. City finds it necessary and advisable to use the services of the Consultant for the <br /> purposes provided in this Agreement. <br /> NOW THEREFORE, in consideration of the mutual covenants and conditions in this <br /> Agreement, City and Consultant agree as follows: <br /> 1. Consultant's Services. Subject to the terms and conditions set forth in this Agreement, <br /> Consultant shall provide to City the services described in Exhibit A. Consultant shall provide <br /> said services at that time, place and in the manner specified in Exhibit A. <br /> 2. City Assistance. Facilities, Equipment and Clerical Support. Except as set forth in <br /> Exhibit A, Consultant shall, at its sole cost and expense, furnish all facilities and equipment that <br /> may be required for furnishing services pursuant to this Agreement. City shall furnish to <br /> Consultant only the facilities and equipment listed in Exhibit A according to the terms and <br /> conditions set forth in Exhibit A. <br /> 3. Terms. This contract shall commence on the date written above and shall expire on January <br /> 19, 2021, unless amended by the parties by mutual agreement. <br /> 4. Compensation. City shall pay Consultant for services rendered pursuant to this Agreement <br /> as described more particularly in Exhibit A. Total compensation for services for non-debt <br /> issuance transaction costs shall not exceed $200,000. The total compensation for debt issuance <br /> transaction costs shall not exceed $300,000. <br /> a. Invoices submitted to City must contain a brief description of work performed, time <br /> used and City reference number. Payment shall be made within thirty (30) days of <br /> receipt of Consultant's invoice and approved by City. <br /> 1 1Page <br />