Reso 2008-1204 - Laserfiche WebLink

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" , OF SUt-l CITY OF SUNNY ISLES BEACH AGREEMENT FOR PROFESSIONAL SERVICES WITH FIRST SOUTHWEST COMPANY ("FSC") CONTRACT NO: C0708-030 THIS AGREEMENT is made this I~ day of -::rCU\~ ' 2008 by and between the City of Sunny Isles Beach, Florida (hereinafter referre to as the ("CITY") and First Southwest Company ("FSC"), (hereinafter referred to as FINANCIAL ADVISOR), whose Federall.D.# is 1 SOl ()~ 00 d.- WHEREAS, it is necessary for the CITY to obtain the services of a financial advisor; and WHEREAS, the FINANCIAL ADVISOR represents it is capable and prepared to provide such services. NOW, THEREFORE, in consideration of the promises contained herein, the parties hereto agree as follows: ARTICLE 1 EFFECTIVE DATE The term of this Agreement shall commence upon execution of this Agreement and shall terminate upon the completion of the services, as more fully described in Attachment "A", attached hereto and incorporated herein. ARTICLE 2 CONTRACT ADMINISTRATION Administration of this Contract shall be under the general direction of A. John Szerlag, City Manager, who shall act as the City's representative during the performance of this Contract. The Contract Administrator for the FINANCIAL ADVISOR is Edward Marquez, Senior Vice President, who will serve as the day-to-day contact. Each party to this Contract agrees to provide written notification within fifteen (15) days, should the representati ve of either party change during the term of the Contract. ARTICLE 3 SERVICES TO BE PERFORMED BY FINANCIAL ADVISOR 3.1 GENERAL The scope of services of the FINANCIAL ADVISOR includes updating the City's capital improvement plan and funding alternatives, with an estimated date of completion of 24 (twenty four) months from issuance date of a notice to proceed from the City. 3.2 WORK AUTHORIZATION Specific work shall be designated and authorized in the form of a Work Authorization. I