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HomeMy WebLinkAbout2022 CON Public Agency Retirement Services (PARS) - Comprehensive Trust Administration ServicesDo u ign Envelope ID: B293ABA5-BEE0-4DBA-B50E-95C8E4-68B350 AGREEMENT BY AND ETWEEN THE CITY OF NATIONAL CITY AND PHASE II SYSTEMS D.B.A. "PUBLIC AGENCY RETIREMENT SERVICES" THIS AGREEMENT is entered into on this 6th day of December, 2022, by and between the CITY OF NATIONAL CITY, a municipal corporation (the "CITY"), and PHASE II SYSTEMS, a California Corporation, d.b.a."public Agency Retirement Services" (the "CONSULTANT"). RECITALS S WHEREAS, the CITY desires to continue to employ the CONSULTANT to provide comprehensive trust administration services for the irrevocable supplement pension trust (the "Pension Trust") originally entered into on December 20, 2 1 ; and WHEREAS, the CITY desires to continue to employ the CONSULTANT to provide comprehensive trustadministration services for the irrevocable Other Post Employment Benefits trust (the "OPEB Trust") originally entered into on September 17, 2019; and WHEREAS, the CITY has determined that the CONSULTANT is an administrator of irrevocable supplemental pension trust and Other Post Employment Benefits trust and is qualified by experience and ability to perform the services desired by the CITY, and the CONSULTANT is willing to perform such services. NOW, THEREFORE, RE, THE PARTIES HERETO DO MUTUALLY AGREE AS FOLLOWS: 1. - ENGAGEMENT OF CONSULTANT. The CITY agrees to engage the CONSULTANT to administer an irrevocable supplemental pension trust and Other Post Employment Benefits trust on behalf of the CITY, and to perform all other administration services related thereto as described in the attached Exhibits "A" and "C", and the CONSULTANT agrees to perform the services set forth here in accordance with all terms and conditions contained herein, and the CONSULTANT agrees to perform the services set forth here in accordance with all terms and conditions contained herein. The CONSULTANT represents that all services shall be performed directly by the CONSULTANT or under direct supervision of the CONSULTANT. 2. EFFECTIVE DATE AND LENGTH OF. AGREEMENT. This Agreement will become effective on December 6th, 2022. The duration of this Agreement ent is for the of period December 6, 2022 through December 31, 2025. The Parties may exercise up to three one-year extensions. Any extension of this Agreement must be approved in writing by the City Council. 3. SCOPE__ F SERVICES. The CONSULTANT will perform those pension and OPEB trust administration services as set forth in the attached Exhibits "A" and "C " Do u ign Envelope ID: B293ABA5-BEE0-4DBA-B50E-95C8E468B350 Once supplied with the information needed to execute its duties under Exhibits "A" an "C", the CONSULTANT shall be responsible for all research andreviews related to the work and shall not rely on personnel of the CITY for such services, except as authorized in advance by the CITY. The CONSULTANT shall appear at meetings specified in Exhibit "A" to keep staff and City Council advised of the progress on the project. The CITY may unilaterally, or upon request from the CONSULTANT, T, from time to time reduce or increase the Scope of Services to be performed by the CONSULTANT under this Agreement. Upon doing so, the CITY and the CONSULTANT agree to meet in good faith and confer for the purpose of negotiating a corresponding reduction or increase in the compensation associated with saidchange in services. 4. PROJECT COORDINATION AND SUPERVISION. The Administrative Services Director hereby is designated as the Project Coordinator for the CITY and will monitor the progress and execution of this Agreement. The CONSULTANT shall assign a single Project Director to provide supervision and have overall responsibility for the progress and execution of this Agreement for the CONSULTANT. Mitch Barker thereby is designated as the Project Director for the CONSULTANT. 5. COMPENSATION _AND PAYMENT. The compensation for the CONSULTANT shall be based upon the schedule and formula set forth in Exhibit " ." Compensation due to the CONSULTANT shall be deducted from the Trust's assets. The CONSULTANT shall submit a monthly statement to the CITY documenting the amount deducted from the Trust. The total cost for all work described in this Agreement shall not exceed those rates listed in Exhibit "B" without prior written authorization from the CITY. The CONSULTANT shall maintain all books, documents, papers, employee time sheets, accounting records, and other evidence pertaining to costs incurred, and shall make such materials available at its office at all reasonable times during the term of this Agreement and for three years from the date of final payment under this Agreement, for inspection by the CITY, and for furnishing of copies to the CITY, if requested. 6. ACCEPTABILITY_ OF WORK. The CITY shall decide any and all questions which may arise as to the quality or acceptability of the services performed and the manner of performance, the acceptable completion of this Agreement, and the amount of compensation due. In the event the CONSULTANT and the CITY cannot agree to the quality or acceptability of the work, the manner of performance and/or the compensation payable to the CONSULTANT SULTANT in this Agreement, the CITY or the CONSULTANT shall give to the other written notice. Within ten(10) business days, the CONSULTANT and the CITY shall each prepare a report which supports their position and file the same with the other party. The CITY shall, with reasonable diligence, determine the quality or acceptability of the work, the manner of performance and/or the compensation payable to the CONSULTANT. 7. INFORMATION IATIO T IS T C O S LTA1 T. The CONSULTANT will provide those services required under this Agreement if the CITY provides the CONSULTANT all information described in Exhibit "C" ("DATA"). The CITY shall be responsible for the accuracy, content, and completeness of the DATA so the CONSULTANT may rely upon such information. CONSULTANT will inform CITY, in writing, how much time CONSULTANT reasonably needs to review the DATA before CONSULTANT may complete any of its services Standard Agreement Page 2 of 12 Revised November 2022 Phase II Sys, dba PARS City of National City and Docu is n Envelope ID: B293ABA5-BEE0-4D13A-B50E-95C8E468B350 required under this Agreement. The CITY must provide the DATA to CONSULTANT within the reasonable timeframe identified by CONSULTANT. 8. DISPOSITION AND OWNERSHIP OF DOCUMENTS. The Memoranda, Reports, Maps, Drawings, Plans, Specifications, and other documents prepared by the CONSULTANT SULTA1 T for this project, whether paper or electronic, shall: 1 be free from defects;(2) become the property of the CITY for use with respect to this project; and shall be turned over to the CITY upon completion of the project, or any phase thereof, as contemplated by this Agreement. Contemporaneously with the transfer of documents, the CONSULTANT hereby assigns to the CITY, and CONSULTANT thereby expressly waives and disclaims any copyright in, and the right to reproduce, all written material, drawings, plans, specifications, or other work prepared under this Agreement, except upon the CITY' S prior authorization regarding reproduction, which authorization shall not be unreasonably withheld. The CONSULTANT shall, upon request of the CITY, execute any further document(s) necessary to further effectuate this waiver and disclaimer. The CONSULTANT agrees that the CITY may use, reuse, alter, reproduce, modify, assign, transfer, or in any other way, medium, or method utilize the CONSULTANT'S written work product for the CITY'S purposes, and the CONSULTANT expressly waives and disclaims any residual rights granted to it by Civil Code Sections 980 through 989 relating to intellectual property and artistic works. Any modification or reuse by the CITY of documents, drawings, or specifications preparedby the CONSULTANT shall relieve the CONSULTANT from liability under Section 15, but only with respect to the effect of the modification or reuse by the CITY, or for any liability to the CITY should the documents be used by the CITY for some project other than what was expressly agreed upon within the Scope of Services of this project, unless otherwise mutually agreed. . 9. . .. INDEPENDENT CONTRACTOR. Both parties hereto in the performance of this Agreement will be acting in an independent capacity and not as agents, employees, partners, or joint venturers with one another. Neither the CONSULTANT nor the CONSULTANT'S employees are employees of the_ CITY, and are not entitled to any of the rights, benefits, or privileges of the CITY' S employees, including but not limited to retirement, medical, unemploy- ment, or workers' compensation insurance. - This Agreement contemplates the personal services of the CONSULTANT and the CONSULTANT'S employees, and it is recognized by the parties that a substantial inducement to the CITY for entering into this Agreement was, and is, the professional reputation and competence of the CONSULTANT and its employees. Neither this Agreement, nor any interest herein, may be assigned by the CONSULTANT without the prior written consent of the CITY. Nothing herein contained is intended to prevent the CONSULTANT from employing or hiring as many employees, or SUBC NSULTANTS, as the CONSULTANT may deem necessary for the proper and efficient performance of this Agreement. All agreements by CONSULTANT with its SUBCONSULTANTS shall require the SU C TSULTANT S to adhere to the applicable terms of this Agreement. Standard Agreement Page 3 of 12 City of Ntional City and Revised November 2022 Phase II Sys, dba PARS Do u i n Envelope ID: B293ABA5-BEEO-CBA-B5OF-95C8E46813350 10. CONTROL Neither the CITY, nor its officers, agents, or employees shall have any control over the conduct of the CONSULTANT or any of the CONSULTANT'S employees, except as set forth in this Agreement. The CONSULTANT, or the CONSULTANT'S agents, servants, or employees are not in any manner agents, servants, or employees of the CITY. The CONSULTANT and its agents, servants, and employees are wholly independent from the CITY and CONSULTANT'S S obligations to the CITY are solely prescribed by this Agreement. 11. COMPLIANCE WITH APPLICABLE LAW. The CONSULTANT, in the performance of the services to be provided herein, shall comply with all applicable state and federal statutes and regulations, and all applicable ordinances, rules, andregulations of the City of National City, whether now in force or subsequently enacted. The CONSULTANT and each of its SUBCONSULTANT S , shall obtain and maintain a current City ofNational City business license prior to and during performance of any work pursuant to this Agreement. 12. LICENSES . PERMITS ETC. The CONSULTANT represents and covenants that it has all licenses, permits, qualifications, and approvals of whatever nature that are legally required to practice its profession. CONSULTANT must promptly produce a copy of any such license, permit, or approval to CITY upon request. The CONSULTANT represents and covenants that the CONSULTANT shall, at its sole cost and expense, keep in effect at all times during the term of this Agreement, any license, permit, or approval which is legally required for the CONSULTANT T to practice its profession. 13. STANDARD OF CARE. A. The CONSULTANT, in performing any services under this Agreement, shall perform in a manner consistent with that level of care and skill ordinarily exercised by members of the CONSULTANT'S trade or profession currently practicing under similar conditions andin similar locations. The CONSULTANT shall take all special precautions necessary to protect the CONSULTANT'S employees and members of the public from risk of harm arising out of the nature of the work and/or the conditions of the work site. B. Unless disclosed in writing prior to the date of this Agreement, the CONSULTANT warrants .to the CITY that it is not now, nor has it for the five years preceding, been debarred by a governmental agency or involved in debarment, arbitration or litigation proceedings concerning the CONSULTANT'S professional performance or the furnishing of materials or services relating thereto. . . C.. The CONSULTANT is responsible for identifying any unique products,. treatments, processes or materials whose availability is critical to the success of the project the CONSULTANT has been retained to perform, within the time requirements of the CITY,. or, when no time is specified, then within a commercially reasonable time. Accordingly, unless the CONSULTANT has notified the CITY otherwise, the CONSULTANT warrants that all products, materials, processes or treatments identified in the project documents prepared for the CITY are reasonably commercially available. Any failure by the CONSULTANT to use due diligence under this sub -section will render the CONSULTANT liable to the CITY for any increased costs that result from the CITY' S later inability to obtain the specified items or any reasonable substitute within a price range that allows for project completion in the time frame specified or, when not specified, then within a commercially reasonable time. Standard Agreement Page 4 of 12 Revised November 2022 Phase II Sys, dba PARS City of National City and C o w i n Envelope ID: 132 ABA-BEEO-4DBA-B 0E- E4 B 0 14. NON-DISCRIMINATION PROVISIONS. The CONSULTANT shall not discriminate against any employee or applicant for employment because of age, race, color, ancestry, religion, sex, sexual orientation, marital status, national origin, physical handicap, or medical condition. The CONSULTANT will take positive action to insure that applicants are employed without regard to their age, race, color, ancestry, religion, sex, sexual orientation, marital status, national origin, physical handicap, or medical condition. Such action shall include but not be limited to the following: employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination, rates of pay or other forms of compensation, and selection for training, including apprenticeship. The CONSULTANT agrees to post in conspicuous places available to employees and applicants for employment any notices provided by the CITY setting forth the provisions ofthisnon-discrimination clause. 15. CONFIDENTIAL INFORMATION. . The CITY may from time to time communicate to the CONSULTANT certain confidential information to enable the CONSULTANT to effectively perform the services to be provided herein. The CONSULTANT shall treat all such information as confidential and shall not disclose any part thereof without the prior written consent of the CITY. The CONSULTANT shall limit the use and circulation of such information, even within its own organization, to the extent necessary to perform the services to be provided herein. The foregoing obligation of this Section 15, however, shall not apply to any part of the information that (0 has been disclosedin publicly available sources of information; (ii) is, through no fault of the CONSULTANT, hereafter disclosed in publicly available sources of information; iii is already in the possession of the CONSULTANT without any obligation of confidentiality; or (iv) has been or is hereafter rightfully disclosed to the CONSULTANT by a third party, but only to the extent that the use or disclosure thereof has been or is rightfully authorized by that third party. The CONSULTANT LTANT shall not disclose any reports, recommendations, conclusions or other results of the services or the existence of the subject matter of this Agreement without the prior written consent of thCITY. In its performance hereunder, the CONSULTANT T shall comply with all legal obligations it may now or hereafter have respecting the information or other property of any other person, firm or corporation. CONSULTANT shall be liable to CITY for any damages caused by breach ofthis condition, pursuant to the provisions of Section 16. 16. INDEMNIFICATION AND HOLD HARMLESS. The CONSULTANT and CITY agree to defend, indemnify and hold each other and their respective officers, officials, agents, employees, and volunteers harmless against andfrom any and all liability, loss, damages to property, injuries to, or death of any person or persons, and all claims, demands, suits, actions, proceedings, reasonable attorneys' fees, and defense costs, of any kind or nature, including workers' compensation claims, of or by anyone whomsoever (collectively "CLAIMS"), resulting from or arising out of the CONSULTANTS T S or the CITY'S performance or other obligations under this Agreement. The CONSULTANT SULTANT and CITY shall indemnify each other only in proportion and to the extent such CLAIMS are caused by, or result from, the negligent or intentional acts or omissions of the indemnifying party, their respective officers, officials, agents, employees, and volunteers. The CITY and the CONSULTANT T will cooperate reasonably in the defense of any action, and the indemnifying party shall employ competent counsel, reasonably acceptable to the indemnified party. Standard Agreement Page 5 of 12 City of National City and Revised November 2022 ' Phase II Sys, dba PARS Doow is n Envelope ID: B293ABA5-BEE0-4DBA-1350E-95C8E468B350 The indemnity, defense, and hold harmless obligations contained herein shall survive the termination of this Agreement for any alleged or actual omission, act, error, or negligence under this Agreement that occurred during the term of this Agreement. 17. EMPLOYEE PAYMENTS AND INDEMNIFICATION. 17.1 PERS Eligibility Indemnification. If CONTRACTOR's employee(s) providing services under this Agreement claims, or is determined by a court of competent jurisdiction or the California Public Employees Retirement System ("PERS") to be eligible for enrollment in PERS of the CITY, CONTRACTOR shall indemnify, defend, an.dhold harmless CITY for the payment of any employer and employee contributions for PERS benefits on behalf of the employee as well as for payment of any penalties and interest on such contributions which would otherwise be the responsibility of the CITY. CONTRACTOR'S employees providing service under this Agreement shall not: (1) qualify for any compensation and benefit under PERS; 2 be entitled to any benefits under PERS; enroll in PERS as an employee of CITY; receive any employer contributions paid by CITY for PERS benefits; or be entitled to any other PERS-related benefit that would accrue to a CITY employee. CONTRACTOR's employees hereby waive any claims to benefits or compensation described in this Section 17. This Section 17 applies to CONTRACTOR notwithstanding any other agency, state or federal policy, rule, regulation, law or ordinance to the contrary. 17.2 Limitation of CITY Liability. The payment made to CONTRACTOR ACTO under this Agreement shall be the full and complete compensation to which CONTRACTOR. and CONTRACTOR's officers, employees, agents, and subcontractors are entitled for performance of any work under this Agreement. Neither CONTRACTOR nor CONTRACTOR' s officers, employees, agents, and subcontractors are entitled to any salary or wages, or retirement, health, leave or other fringe benefits applicable to CITY employees. The CITY will not make any federal or state tax withholdings on behalf of CONTRACTOR. The CITY shall not be required to pay any workers' compensation insurance on behalf of CONTRACTOR. 17.3 Jndernnification for Eriployee Payments. CONTRACTOR ACTOR agrees to defend and indemnify the CITY for any obligation, claim, suit, or demand for tax, retirement contribution including any contribution to PERS, social security, salary or wages, overtime payment, or workers' compensation payment which the CITY may be required to make on behalf of(1) CONTRACTOR, 2 any employee of CONTRACTOR, or 3 any employee of CONTRACTOR construed to be an employee of the CITY, for work performed under this Agreement. This is a continuing obligation that survives the termination of this Agreement. 18. WORKERS' COMPENSATION. The CONSULTANT shall comply with all of the provisions of the Workers' Compensation Insurance and Safety Acts of the State of California, the applicable provisions of Division 4 and 5 of the California Labor Code and all amendments thereto; and all similar State or federal acts or laws applicable; and shall indemnify, and hold harmless the CITY and its officers, employees, and volunteers from and against all claims, demands, payments, suits, actions, proceedings, and judgments of every nature and description, including reasonable attorney's fees and defense costs presented, brought or recovered against the Standard Agreement Page 6 of 12 Revised November 2022 Phase II Sys, dba PARS City of National City and Do wSi n Envelope ID: B293ABA5-BEE0-4DBA-B50E-05C8E468B350 CITY or its officers, employees, or volunteers, for or on account ofany liability under any of said acts which may be incurred by reason of any work to be performed by the CONSULTANT under this Agreement. 19. INSURANCE. The CONSULTANT, at its sole cost and expense, shall purchase and maintain, and shall require its SU C NSULTANT S , when applicable, to purchase and maintain throughout the term of this Agreement, the following insurance policies: A. _ If checked, Professional Liability Insurance (errors and omissions) with minimum limits of $1,000,000 per occurrence. B. Automobile Insurance covering all bodily injury and property damage incurred during the performance of this Agreement, with a minimum coverage of $1,000,000 combined single limit per accident. Such automobile insurance shall include owned, non -owned, and hired vehicles. The policy shall name the CITY and its officers, agents, employees, and volunteers as additional insureds, and a separate additional insured endorsement shall be provided. C. Commercial ercial en r l Liability Insurance, with minimum limits of either $2,000,000per occurrence and $4,000,000 aggregate, or $1,000,000 per occurrence and $2,000,000aggregate with a $2,000,000 umbrella policy, covering all bodily injury and property damage arising out of its operations, work, or performance under this Agreement. The policy shall name the CITY and its officers, agents, employees, and volunteers as additional insureds, and a separate additional insured endorsement shall be provided. The general aggregate limit must apply solely to this "project" or "location". The "project" or "location" should be noted with specificity on an endorsement that shall be incorporated into the policy. D. Workers' Compensation ation Insurance in an amount .nt sufficient to meet statutory requirements covering all of CONSULTANT'S employees and employers' liability insurance with limits of at least $1,000,000 per accident. In addition, the policy shall be endorsed with a waiver of subrogation in favor of the CITY. Said endorsement shall be provided prior to commencement of work under this Agreement. If CONSULTANT has no employees subject to the California Workers' Compensation and Labor laws, CONSULTANT shall execute a Declaration to that effect.. Said Declaration shall be provided to CONSULTANT by CITY. E. The aforesaid policiesshall constitute primary insurance as to the CITY, its officers, officials, employees, and volunteers, so that any other policies held by the CITY shall not contribute to any loss under said insurance. Said policies shall provide for thirty 3 days prior written notice to the CITY' s Risk Manager, at the address listed in subsection G below, of cancellation or material change. If any policy required by this Agreement is cancelled due to non- payment, CONSULTANT must provide 1 (ten) days' notice accompanied by the reason for such cancellation. F. If required insurance coverage is provided on a "claims made" rather than "occurrence" form, the CONSULTANT shall maintain such insurance coverage for three years after expiration of the term (andany extensions) of this Agreement. In addition, the "retro" date must be on or before the date of this Agreement. G. The Certificate Holder for all policies of insurance required by this Section shall be: City of National City co Risk Manager 1243 National City Boulevard. National City, CA 91950-4397 Standard Agreement Page 7 of 12 City of National City and Revised November 2022 Phase II Sys, dba PARS Do m ign Envelope ID:13293ABA5-BEE0-4DBA-B50E-95C8E468B350 H. Insurance shall be written with only insurers authorized to conduct business in California that hold a current policy holder's alphabetic and financial size category rating of not less than A:VII according to the current Best's Key Rating Guide, or a company of equal financial stability that is approved by the CITY' S Risk Manager. In the event coverage is provided by non - admitted "surplus lines" carriers, they must be included on the most recent List of Approved Surplus Line Insurers ("LASLI") and otherwise meet rating requirements, This Agreement shall not take effect until certificate(s) or other sufficient proof that these insurance provisions have been complied with, are filed with and approved by the CITY' S Risk Manager. If the CONSULTANT does not keep all insurance policies required by this Section 19 in full force and effect at all times during the term of this Agreement, the CITY may treat the failure to maintain the requisite insurance as a breach of this Agreement and terminate the Agreement as provided herein, J. All deductibles and self -insured retentions in excess of $10,000 must be disclosed to andapproved by the CITY. CITY reserves the right to modify the insurance requirements of this Section .19, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances. K. If the CONSULTANT maintains broader coverage or higher limits (or both) than the minimum . limits shown above, the CITY shall be entitled to the broader coverage or higher limits (or both) maintained by the CONSULTANT. T. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the CITY. 20. LEGAL FEES. If any party brings a suit or action against the other party arising from any breach of any of the covenants or agreements or any inaccuracies in any of the representations and warranties on the part of the other party arising out of this Agreement, then in that event, the prevailing party in such action or dispute, whether by final j u.dgment or out -of -court settlement, shall be entitledto have and recover of and from the other party all costs and expenses of suit, including reasonable attorneys' fees. For purposes of determining who is to be considered the prevailing party, it is stipulated that attorney's fees incurred inthe prosecution or defense of the action or suit shall not be considered in determining the amount of the judgment or award. Attorney's fees to the prevailing party if other than the CITY shall, in addition, be limited to the amount of attorney's fees incurred by the CITY in its Prosecution or defense of the action, irrespective of the actual amount of attorney's fees incurred by the prevailing party. . 21. TERMINATION. A. This Agreement may be terminated with or without cause by the CITY. Termination without cause shall be effective only upon -day's written notice to the CONSULTANT. During said 60-day period the CONSULTANT shall perform all services in accordance with this Agreement. B. This Agreement may also be terminated immediately by the CITY for cause in the event of a material breach of this Agreement, misrepresentation by the CONSULTANT in connection with the formation of this Agreement or the performance of services, or the failure to perform services as directed by the CITY. C. Termination with or without cause shall be effected by delivery of written Notice of Termination to the CONSULTANT as provided for herein. Standard Areniit Page 8 of 12 City of National City and Revised November 2022 Phase II Sys, dba PARS Do w i nr Envelope ID: B293ABA5-BEE0-4DBA-1350E-95C8E468B350 D. In the event of termination, all finished or unfinished Memoranda Reports, Maps, Drawings, vings, Plans, Specifications and other documents prepared by the CONSULTANT, SULTANT, whether paper or electronic, shall immediately become the property of and be delivered to the CITY, and the CONSULTANT shall be entitled to receive just and equitable compensation for any work satisfactorily completed on such documents and other materials up to the effective date of the Notice of Termination, not to exceed the amounts payable hereunder, and less any damages caused the CITY by the CONSULTANT'S breach., if any. Thereafter, ownership of said written material shall vest in the CITY all rights set forth in Section 8. B. The CITY further reserves the right to immediately terminate this Agreement upon: 1 the filing of a petition in bankruptcy affecting the CONSULTANT; 2 a reorganization of thCONSULTANT for the benefit of creditors; or a business reorganization, change in business name or change in business status of the CONSULTANT. SULTA1 T. 22. NOTICES. All notices or other communications required or permitted hereunder shall be in writing, and shall be personally delivered; or sent by overnight mail Federal Express or the like); or sent by registered or certified mail, postage prepaid, return receipt requested; or sent by ordinary mail, postage prepaid; or telegraphed or cabled; or delivered or sent by telex, telecopy, facsimile or fax; and shall be deemed received upon the earlier of i if personally delivered, the date of delivery to the address of the person to receive such notice, (ii) if sent by overnight mail, the business day following its deposit in such overnight mail facility, iii if mailed by registered, certified or ordinary mail, five days (ten 1 days if the address is outside the State of California) after the date of deposit in a post office, mailbox, mail chute, or other like facility regularly maintained by the United States Postal Service, (iv) if given by telegraph or cable, when delivered to the telegraph company with charges prepaid., or (v) if given by telex, telecopy, facsimile or fax, when sent. Any notice, request, demand, direction or other communication delivered or sent as specified above shall be directed to the following persons: To CITY: Molly Brennan Director of Administrative Services Finance and Human Resources Departments City of National City 1243 National City Boulevard National City, CA 919 -4 97 To CONSULTANT: Daniel Johnson President PARS 4350 Von Kaman Avenue, Suite 100 Newport Beach, CA 92660 Notice of change of address shall be given by written notice in the manner specified in this Section. Rejection or other refusal to accept or the inability to deliver because of changed address of which no notice was given shall be deemed to constitute receipt of the notice, demand, request or communication sent. Any notice, request, demand, direction or other communication Standard Agreement Page 9 of 12 City of National City and Revised iced November ember 2022 Phase II Sys, dba PARS Do u I n Envelope ID: B 3 B-BEEQ-4DBA-I OF- E4 B 0 sent by cable, telex, telecopy, facsimile or fax must be confirmed within forty-eight hours by letter mailed or delivered as specified in this Section. 23. CONFLICT OF INTEREST AND POLITICAL REFORM ACT QI3LIGATIONS. During the term of this Agreement, the CONSULTANT T shall not perform services of any kind for any person or entity whose interests conflict in any way with those of the City of National City. The CONSULTANT also agrees not to specify any product, treatment, process or material for the project in which the CONSULTANT has a material financial interest, either direct or indirect, without first notifying the CITY ofthat fact. The CONSULTANT shall at all times comply with the terms of the Political Reform Act and the National City Conflict of Interest Code. The. CONSULTANT shall immediately disqualify itself and shall not use its official position to influence in any way any matter coming before the CITY in which the CONSULTANT has a financial interest as defined in Government Code Section 87103. The CONSULTANT represents that it has no knowledge of any financial interests that would require it to disqualify itself from any matter on which it might perform services for the CITY. If checked, the CONSULTANT T shall comply with all of the reporting requirements of the Political Reform Act and the National City Conflict of Interest Code. Specifically, the CONSULTANT shall file a Statement of Economic Interests with the City Clerk of the City of National City in a timely manner on forms which the CONSULTANT shall obtain from the City Clerk. The CONSULTANT shall be strictly liable to the CITY for all damages, costs or expenses the CITY may suffer by virtue of any violation of this Section 23 by the CONSULTANT. T. 24. lEIREVAILING WAGES. State prevailing wage rates may apply to work performedunder this Agreement. State prevailing wages rates apply to all public works contracts as set forth in California Labor Code, including but not limited to, Sections 1720, 1720.2, 1720.3, 1720.4, and 1771. Consultant is solely responsible to determine if State prevailing wage rates apply and, if applicable, pay such rates in accordance with all laws, ordinances, rules, and regulations. ■ 25. ADTVIINISTRATIVE PROVISIONS. A. Computation of Time Periods. if any late or time period provided for in this Agreement is or ends on a Saturday, Sunday or federal, state or legal holiday, then such date shall automatically be extended until 5:00 p.m. Pacific Time of the next day which is not a Saturday, Sunday or federal, state, or legal holiday. B. . Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which, together, shall constitute but one and the same instrument. C. Captions. Any captions to, or headings of, the sections or subsections of this Agreement are solely for the convenience of the parties hereto, are not a part of this Agreement, and shall not be used for the interpretation or determination of the validity of this Agreement or any provision hereof, D. No igati s to Third Parties. Except as otherwise expressly provided herein, the execution and delivery of this Agreement shall not be deemed to confer any rights upon, or obligate any of the parties hereto, to any person or entity other than the parties hereto. E. Exhibits and Schedules. The Exhibits and Schedules attached hereto are hereby incorporated herein by this reference for all purposes. To the extent any exhibits, schedules, Standard Agreement Page 10 of 12 City of National City and Revised November 2022 Phase II Sys, dba PARS DoouSi n Envelope ID: B293ABA5-BEE0-4DBA-B50E-95C8E11.6813350 or provisions thereof conflict or are inconsistent with the terms and conditions contained in this Agreement, the terms and conditions of this Agreement shall control. F. Amendment to this Agreement. The terms of this Agreement may not be modified or amended except by an instrument in writing executed by each of the parties hereto. G. Assignment & Assumption of Rights. CONSULTANT shall not assign this Agreement, in whole or in part, to any other party without first obtaining the written consent of CITY. H. Waiver. The waiver or failure to enforce any provision of this Agreement shall not operate as a waiver of any future breach of any such provision or any other provision hereof. I. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California. The venue for any legal action arising under this Agreement shall be in either state or federal court in the County of San Diego, State of California. J. Audit. If this Agreement exceeds ten -thousand dollars 1 , o 00 , the parties shall be subject to the examination and audit of the State Auditor for a period of three years after final payment under the Agreement, per Government Code Section 8546.7. K. Entire Agreement. This Agreement supersedes any prior agreements, negotiations and communications, oral or written, and contains the entire agreement between the parties as to the subject matter hereof. No subsequent agreement, representation, or promise made by either party hereto, or by or to an employee, officer, agent or representative of any party hereto shall be of any effect unless it is in writing and executed by the party to be bound thereby. L. Successors and (,ssigns. This Agreement shall be binding upon and shall inure to the benefit of the successors and assigns of the parties hereto. M. Subcontractors or Sub consultants. The CITY is engaging the services of the CONSULTANT identified in this Agreement. The CONSULTANT SULTA1 T shall not subcontract any portion of the work, unless such subcontracting was part of the original proposal or is allowed by the CITY in writing. In the event any portion of the work under this Agreement is subcontracted, the subconsultant s shall be required to comply with and agree to, for the benefit of and in favor of the CITY, both the insurance provisions in Section 19 and the indemnification and hold harmless provision of Section 16 of this Agreement. I , Construction. The parties acknowledge and agree that i each party is of equal bargaining strength,-.ii each party has actively participated in the drafting, preparation and negotiation of this Agreement, (iii) each such party has consulted with or has had the opportunity to consult with its own, independent counsel and such other professional advisors as such party has deemed appropriate, relative to any and all matters contemplated under this Agreement, (iv) each party and such patty's counsel and advisors have reviewed this Agreement, each party has agreed to enter into this Agreement following such review and the rendering of such advice, and (vi) any rule or construction to the effect that ambiguities are to be resolved against the drafting party shall not apply in the interpretation of this Agreement, or any portions hereof, or any amendments hereto. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first above written. Standard Agreement Page 11 of 12 City of National City and Revised November 2022 Phase II Sys, dba PARS Dow Sign Envelope ID: B293ABA5-BEEO-4 BA-B5OF-95 8E4 8B350 CITY OF NATIONAL CITY r By• Alejandro Sotelo ohis, a or APPROVED AS TO FORM: Barry Schu Interim City orney PHASE II SYSTEMS, A CALIFORNIA ORPORATION D.B.A. "PUBLIC AGENCY SERVICES" RETIREMENT DocuSigned by: B jF r J niehfokrigon (Print) President DocuSigned by: By: Ltitie. 2� kta+�wtras(�'QI�S A Anions) i&micas) (Print) Chief Financial Officer Standard Agreement Page 12 of 12 City of National. City and Revised November 2022 Phase II Sys, dba PARS Da u i n Envelope ID: B293ABA5-BEE0-4DBA-1350E-95C8E468B350 EXHIBIT A PUBLIC AGENCY RETIREMENT SERVICES SCOPE OF SERVICES The CONSULTANT will provide the following services for the City of National City' s irrevocable supplemental pension trust plan ("Pension Trust Plan") and irrevocable other post - employment benefits trust plan ("OPEB Trust Plan"): 1. Plan Installation Services: A. Meeting with appropriate CITY personnel to discuss Pension Trust Plan and OPEB Trust Plan provisions, implementation timelines, the actuarial valuation process, funding strategies, benefit communication strategies, data reporting, and submission requirements for contributions, reimbursements, and distributions; B. Providing necessary analysis and advisory services to finalize the elements of Paragraph 1(A) this Exhibit A; C. Providing all documents needed to create the Pension Trust Plan and OPEB Trust Plan for review and approval by the City Attorney. Resulting final Pension Trust Plan and OPEB Trust Plan documents must be approved by the CITY before the commencement of Plan Administration Services outlined in Paragraph 2 below. 2. Plan Administration Services: A. Monitoring the receipt of Pension Trust Plan and OPEB Trust Plan contributions made by the CITY to the trustee of the Pension Trust and the OPEB Trust ("Trustee"), based upon information received from the CITY and the Trustee; B. Performing periodic accounting of Pension Trust Plan and OPEB Trust Plan assets, reimbursements/distributions, and investment activities, based upon information received from the CITY and/or Trustee; C. Coordinating the processing of distribution payments pursuant to authorized direction by the CITY, and the provisions of the Pension Trust Plan and the OPEB Trust Plan, and, to the extent possible, based upon CITY -provided Data; D. Coordinating actions with the Trustee as directed by the Plan Administrator within the scope the Agreement; E. Preparing and submitting monthly reports of Pension Trust Plan and OPEB Trust Plan activities to the CITY, unless directed, by the CITY otherwise; F. Conducting annual in -person client reviews to provide full administrative and investment reviews of the Pension Trust Plan and the OPEB Trust Plan and to ensure the CITY' S ongoing satisfaction with its participation in the Pension Trust Plan and the OPEB Trust Plan. G. Conducting in -person or over -the -phone meetings more frequently, if requested by the Page 1 of 2 DowSign Envelope ID: B293ABA5-BEE0-4DBA-1350E-95C8E468B350 CITY. H. Providing annual updates of the Pension Trust Plan and the OPEB Trust Plan to the City Council during one of its public meetings, if requested by the CITY. I. Preparing and submitting annual reports of Pension Trust Plan and OPEB Trust Plan activities to the CITY; J. Facilitating actuarial valuation updates and funding modifications for compliance with GASGASB 45175 and other GASB Statements, as applicable, for OPEB obligations; K. Coordinating periodic audits of the Pension Trust Plan and the OPEB Trust Plan, as requested by CITY; L. Monitoring Pension Trust Plan, Pension Trust, OPEB Trust Plan, and OPEB Trust compliance with federal and state laws. 3. The CITY acknowledges that PARS is not licensed to provide, and does not offer tax, accounting, legal, investment, or actuarial advice. Page 2 of 2 Do wSi n Envelope ID: B293ABA5-BEE0-41.DBA-B50E-95C8E468B350 EXHIBIT PUBLIC AGENCY RETIREMENT SERVICES RATES TO PERFORM POST -EMPLOYMENT T BENEFITS TRUST ADMINISTRATION SERVICES CONSULTANT will be compensated for performance of Services, as described. in Exhibit "A" based upon the following schedule: ANNUAL ASSET FEE For Total Plan .set Balances from Annual Rate $0 to $10,000,000 0.25% $10,000,001 to $15,000,000 0.20% $15,000,001 to $50,000,000 0.15% $50,000,001 and above 0.10% Annual Rates are prorated and paid monthly. The annual asset fee shall be calculated by the following formula: Annual Rate divided by 12 (months of the year) multiplied by the combined asset balances of the post -employment benefits trust plans at the end of the month, TRUSTEE & INVESTMENT MANAGEMENT FEES Trustee and investment management fees are not included in the annual asset fees stated above. Trustee and investment management services are provided under a separate agreement with US Bank, and tmstee and investment management fees are paid to US Bank. . These fees include investment policy development, asset allocation recommendations, asset management, and all custodial services and are based upon the following schedule: T t L_Plan_Asset Balances from A_al_Rate to $5,000,000 0.35% $5,000,001 to $10,000,000 00.25% $10,000,001 to $15,000,000 0.20% $15,000,001 to $50,000,000 0.15% $50,000,001 and above 0.10% Annual Rates are prorated and paid monthly. Annual trustee and investment management fees shall be calculated by the following formula: Annual Rate divided by 12 (months of the year) multiplied by the combined asset balances of the post -employment benefits trust plans at the end of the month. Both the annual asset fees and trustee and investment management fees shall be deducted from post -employment benefits trust plans' assets. Page 1 of 1 Do uSign Envelope ID: B293ABA5-BEE0-4DBA-B50E-95C8E468B350 EXHIBIT C PUBLIC AGENCY RETIREMENT SERVICES DATA REQUIREMENTS CONSULTANT will provide all services required under the Agreement, and the increased Scope of Services described in Exhibit "A", upon receiving the following information: 1. Executed legal documents: A. certified resolutions B. adoption agreements to the Plan C. trustee investment forms 2. Contribution — completed Contribution Transmittal Form signed by the Plan Administrator (or authorized designee) which contains the following information: A. agency name B. contribution amounts C. contribution dates D. contribution method (check, ACH, wire) 3. Distribution -- completed Transfer/Payment/Reimbursement Form signed by the Plan Administrator (or authorized designee) which contains the following information: A. agency name B. payment reimbursement/distribution amounts C. applicable statement dates D. copy of applicable premium, claim, statement, warrant, and/or administrative expense evidencing payments E. signed certifications of reimbursements/distributions from the Plan Administrator (or authorized designee) 4. Other information pertinent to the CONSULTANT'S services as reasonably requested by the CONSULTANT and the CITY'S actuarial provider. Page 1 o 1