CHANDLER ASSET MANAGEMENT, INC. - Laserfiche WebLink

PROFESSIONAL SERVICES AGREEMENT THIS AGREEMENT is entered into this 1st day of July 2024, between the CITY OF PLEASANTON, a municipal corporation ("City"), and Chandler Asset Management, Inc. whose address is 1901 Harrison Street, Suite 1100, Oakland, CA 94612, and telephone number is (858) 768-3150, ("Consultant"). RECITALS A. Consultant is qualified and experienced in providing auditing services for the purposes specified in this Agreement. B. City finds it necessary and advisable to use the services of Consultant for the purposes provided in this Agreement. NOW THEREFORE, in consideration of the mutual covenants and conditions in this Agreement, City and Consultant agree as follows: 1.Consultant's Services. Consultant shall diligently perform the services and furnish the reports described in the Request for Proposals for Investment Management and Advisory Services (Issue Date: August 1, 2023) attached as Exhibit "A", Scope of Work, incorporated to the extent consistent with this Agreement. 2.City Assistance. In order to assist Consultant in this work, City shall provide, if necessary, the Assistance to Be Provided by the City as described in Exhibit A. 3.Staff. Consultant shall assign Carlos Oblites to serve as the Senior Portfolio Strategist and Aniel Murthy to serve as the Senior Relationship Manager, both of whom may not be replaced without written consent of City. 4.Term. This contract shall commence on the date written above and continue for three years with an option to extend the contract for an additional two years for a total of five years. The work as described in Exhibit "A", Scope of Work, shall be completed by June 30, 2027 or by June 30, 2029 if extended for an additional two years. 5.Compensation. For the services to be rendered, City shall pay Consultant up to $218,000 across three (3) fiscal years, as described more particularly in Exhibit "A", which is attached and incorporated to the extent consistent with this Agreement. Payment shall be made on a monthly basis upon receipt and approval of Consultant's invoice. a. Invoices submitted to City must contain a brief description of work performed, percentage of work completed, percentage of contract time used, percentage of contract amount expended. Payment shall be made within thirty (30) days of receipt of Consultant's invoice. b. Upon completion of work and acceptance by City, Consultant shall have sixty (60) days in which to submit final invoicing for payment. An extension may be granted by City upon receiving a written request thirty (30) days in advance of said time limitation. The City Attachment 1 DocuSign Envelope ID: 910B137B-C54E-4C8C-959E-C97CC6F073B2Docusign Envelope ID: 4D182786-FFC0-4F05-8959-5ADBC13D038B