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F ; ► CONSULTING SERVICES AGREEMENT BETWEEN THE CITY OF SAN LEANDRO AND PUBLIC FINANCIAL MANAGEMENT, INC. (PFM) THIS AGREEMENT for consulting services is made by and between the City of San Leandro ( "City ") and Public Financial Management, Inc. ( "Consultant ") (together referred to as the "Parties ") as of July 15, 2011 (the "Effective Date ") for a period of three years, ending on June 30, 2014, with an option to extend services an additional two (2) years by written agreement and at the option of the City. Section 1. SERVICES Subject to the terms and conditions set forth in this Agreement, Consultant shall provide to City the services described in the Scope of Work attached as Exhibit A , and incorporated herein, at the time and place and in the manner specified therein. In the event of a conflict in or inconsistency between the terms of this Agreement and Exhibit A , the Agreement shall prevail. 1.1 Term of Services. The term of this Agreement shall begin on the Effective Date July 15, 2011 and shall end Jun 30, 2014 and Consultant shall complete the work described in Exhibit A on or before that date, unless the term of the Agreement is otherwise terminated or extended, as provided for in Section 8 . The time provided to Consultant to complete the services required by this Agreement shall not affect the City's right to terminate the Agreement, as referenced in Section 8 . 1.2 Standard of Performance. Consultant shall perform all services required pursuant to this Agreement according to the standards observed by a competent practitioner of the profession in which Consultant is engaged. 1.3 Assignment of Personnel. Consultant shall assign only competent personnel to perform services pursuant to this Agreement. In the event that City, in its sole discretion, at any time during the term of this Agreement, desires the reassignment of any such persons, Consultant shall, immediately upon receiving notice from City of such desire of City, reassign such person or persons. 1.4 Time. Consultant shall devote such time to the performance of services pursuant to this Agreement as may be reasonably necessary to meet the standard of performance provided in Section 1.2 above and to satisfy Consultant's obligations hereunder. Section 2. COMPENSATION. City hereby agrees to pay Consultant a sum that is contingent upon the issuance of bond financing. Such payment shall become due and payable to the Consultant only upon the receipt by the City of the proceeds from the sale of a bond issue. In the event of a conflict between this Agreement and Consultant's proposal, attached as Exhibit A , regarding the amount of compensation, the Agreement shall prevail. City shall pay Consultant for services rendered pursuant to this Agreement at the time and in the manner set forth herein. The payments specified below shall be the only payments from City to Consultant for services rendered pursuant to this Agreement. Consultant shall submit all invoices to City in the manner specified herein. Except as specifically authorized by City in writing, Consultant shall not bill City for duplicate services performed by more than one person. Consulting Services Agreement between effective July 15, 2011 City of San Leandro and Public Financial Management, Inc. Pag