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ATTACHMENT 2 <br />PROFESSIONAL SERVICES AGREEMENT 2024047 <br />THIS PROFESSIONAL SERVICES AGREEMENT ("Agreement") is entered into <br />this 1 st day of July 2023, between the CITY OF PLEASANTON, a municipal corporation <br />City"), and BAY AREA AFFORDABLE HOMEOWNERSHIP ALLIANCE(BAAHA), a <br />California nonprofit corporation whose address is 5517 Geary Blvd, Suite 206, San Francisco, <br />CA 94121, and telephone number is (415)601-8749, ("Consultant"). <br />RECITALS <br />A. Consultant is qualified to and experienced in providing homeownership qualification <br />screening, financing review, and escrow document preparation services for the purposes <br />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 for Fiscal Year 2023/24 services and activities. <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. Term. This contract shall commence on the date written above and shall expire on June 30, <br />2024. City and Consultant may mutually agree extend the term of this Agreement annually for <br />up to four additional extensions of one year each through June 30, 2028. Any Agreement <br />extension is subject to available budget and City assessment of Consultant's performance. Any <br />such extension may be administratively approved by the City Manager by administrative <br />amendment of this Agreement to extend the term and provide for additional compensation for <br />extension period. <br />4. Compensation. City shall pay Consultant for services rendered pursuant to this Agreement <br />as described more particularly in Exhibit A. The payments shall be made on a quarterly basis <br />upon receipt and approval of Consultant's invoice. Total compensation for services and <br />reimbursement for costs shall not exceed $42,400 for Fiscal Year 2023/24. While the parties <br />recognize that there is no guarantee that the term of the Agreement will be extended, if there is a <br />second,third and fourth extension, the cumulative compensation would exceed$100,000 in such <br />second,third and fourth extension periods. <br />1 I Page <br />Docusign Envelope ID: F53F1E05-ADA3-465D-BE20-156E055217E3