SERVICE PROVIDER AGREEMENT
This SERVICE PROVIDER AGREEMENT (“Agreement ”) is entered into this ___ day of May, 2024 (“Effective Date”), by and between the CITY OF ALAMEDA, a municipal corporation (“the City”), and GovInvest, Inc., a Delaware Corporation, hereinafter referred to as “COMPANY”, whose address is 8605 Santa Monica Blvd PMB 52465, West Hollywood, CA 90069 ( “Provider”), in reference to the following facts and circumstances:
RECI
TALS
A. The City is a municipal corporation duly organized and validly existing under the laws of the State of California with the power to carry on its business as it is now being conducted under the statutes of the State of California and the Charter of the City.
B. The City is in need of the following services: Pension, Other Post-Employment Benefits (OPEB), Labor Costing Software and Governmental Accounting Standards Board ( GASB) Statement 73 and 75 Actuarial Valuation reports . Consistent with administrative procurement regulations, the City Manager approved a piggy-back agreement with the cities of Brentwood and San Leandro.
C. Provider possesses the skill, experience, ability, background, certification and knowledge to provide the services described in this Agreement on the terms and conditions described herein.
D. Whereas, the City Council authorized the City Manager to execute this agreement on May 7, 2024.
E. The C
ity and Provider desire to enter into an agreement for Software Services and GASB 73 and 75 Reports, upon the terms and conditions herein.
AGREEMENT
NOW, T
HEREFORE, in consideration of the forgoing, which are incorporated herein by reference, and for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the City and Provider agree as follows:
1. TERM:
The term of this Agreement shall begin retroactively on the 1 st day of April, 2024, and shall terminate on the 30th day of June, 2027, unless terminated earlier as set forth herein.
Th
e parties may agree to extend the term of t his Agreement on a year-by-year basis, for up to two additional years. Any extension shall be documented in a signed amendment. In the event that the parties agree to extend the Agreement, all provisions of the Agreement shall remain unchanged with no escalator.
2. SERVICES TO BE PERFORMED:
Provider agrees to do all necessary work at its own cost and expense, to furnish all labor, tools, equipment, materials, except as otherwise specified, and to do all necessary work included DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 8th
in Exhibit A as requested. Provider acknowledges that the work plan included in Exhibit A is tentative and does not commit the City to request Provider to perform all tasks included therein.
3. COMPENSATION TO PROVIDER:
a. By the 7th day of each month, Provider shall submit to the City an invoice for the total amount of work done the previous month. Pricing and accounting charges are to be according to the fee schedule as set forth in Exhibit A and incorporated herein by this reference. Extra work must be approved in writing by the City Manager or their designee prior to performance and shall be paid on a Time and Material basis as set forth in Exhibit A. b. Compensation for this contract shall not exceed $75,819 per year, for a total three- year compensation not to exceed $227,457. In the event that the parties agree to extend the Agreement, all provisions of the Agreement shall remain unchanged for a total not to exceed five- year compensation not to exceed $379,095. A contingency of 10% was added to the totals listed in Exhibit A that would cover additional work that may arise during the scope and course of the contract. Use of contingency shall be for items of work outside the original scope and requires prior written authorization by the City.
Use of contingency shall be for items of work outside the original scope and requires prior written authorization by the City.
4. TI
ME IS OF THE ESSENCE:
Provider and the City agree that time is of the essence regarding the performance of this Agreement.
5. S TANDARD OF CARE :
Provider agrees to perform all services hereunder in a manner commensurate with the prevailing standards of like professionals or service providers, as applicable, in the San Francisco Bay Area and agrees that all services shall be performed by qualified and experienced personnel who are not employed by the City.
6. I NDEPENDENT PARTIES :
Provider hereby declares that Provider is engaged as an independent business and Provider agrees to perform the services as an independent contractor. The manner and means of conducting the services and tasks are under the control of Provider except to the extent they are limited by statute, rule or regulation and the express terms of this Agreement. No civil service status or other right of employment will be acquired by virtue of Provider ’s services. None of the benefits provided by the City to its emp loyees, including but not limited to unemployment insurance, workers’ compensation plans, vacation and sick leave, are available from the City to Provider, its employees or agents. Deductions shall not be made for any state or federal taxes, FICA payments, PERS payments, or other purposes normally associated with an employer -employee relationship from any compensation due to Provider. Payments of the above items, if required, are the responsibility of Provider.
7. I
MMIGRATION REFORM AND CONTROL ACT (IRCA) :
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Provider assumes any and all responsibility for verifying the identity and employment authorization of all of its employees performing work hereunder, pursuant to all applicable IRCA or other federal, or state rules and regulations. Provider shall indemnify, defend, and hold the City harmless from and against any loss, damage, liability, costs or expenses arising from any noncompliance of this provision by Provider.
8. NO N- DISCRIMINATION:
Consistent with the City’s policy and state and federal law that harassment and discrimination are unacceptable conduct, Provider and its employees, contractors, and agents shall not harass or discriminate against any job applicant, City employee, or any other person on the basis of any kind of any statutorily (federal, state or local) protected class, including but not limited to: race, religious creed, color, national origin, ancestry, disability (both mental and physical) including HIV and AIDS, medical condition (e.g. cancer), genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, pregnancy, political affiliation, military and veteran status or legitimate union activities. Provider agrees that any violation of this provision shall constitute a material breach of this Agreement.
9. HOLD HARMLESS:
a. To the fullest extent permitted by law, Provider shall indemnify, defend (with counsel acceptable to the City) and hold harmless the City, its City Council, boards, commissions, officials, employees , agents and volunteers (“Indemnitees”) from and against any and all loss, damages, liability, obligations, claims, suits, judgments, costs and expenses whatsoever, including reasonable attorney ’s fees and costs of litigation (“Claims”), arising from or in any manner connected to Provider’s performance of its obligations under this A greement or out of the operations conducted by Provider even if the City is found to have been negligent. If the Claims filed against Indemnitees alleg e negligence, recklessness or willful misconduct on the part of Provider, Provider shall have no right of reimbursement against Indemnitees for the costs of defense even if negligence, recklessness or willful misconduct is not found on the part of Provider.
Provider shall not have any obligations to indemnify Indemnitees if the loss or damage is found to have resulted solely from the negligence or the willful misconduct of the City. The defense and indemnification obligations of this Agreement are undertaken in addition to, and shall not in any way be limited by, the insurance obligations contained in this Agreement. b. As to Claims for professional liability only, Provider’s obligation to defend Indemnitees (as set forth above) is limited as provided in California Civil Code Section 2782.8. c. Provider’s obligation to indemnify, defend and hold harmless Indemnities shall expressly survive the expiration or early termination of this Agreement.
10. INSURANCE:
a. On or before the commencement of the terms of this Agreement, Provider shall furnish the City’s Risk Manager with certificates showing the type, amount, class of operations covered, effective dates and dates of expiration of insurance coverage in compliance with Sections
10.b. (1) through (5). The Certificate Holder should be The City of Alameda, 2263 Santa Clara, Ave., Alameda, CA 94501. Such certificates, which do not limit Provider’s indemnification, shall also contain substantially the following statement:
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 “Should any of the above insurance covered by this certificate be canceled or coverage reduced before the expiration date thereof, the insurer affording coverage shall provide thirty (30) days’ advance written notice to the City of Alameda. Attention: Risk Manager.” Provider shall maintain in force at all times during the performance of this Agreement all appropriate coverage of insurance required by this Agreement with an insurance company licensed to offer insurance business in the State of California with a current A.M. Best’s rating of no less than A:VII or Standard & Poor’s Rating (if rated) of at least BBB unless otherwise acceptable to the City. Provider shall deliver updated insurance certificates to the City at the address described in Section 17.f. prior to the expiration of the existing insurance certificate for the duration of the term of Agreement. Endorsements naming the City, its City Council, boards, commissions, officials, employees, agents, and volunteers as additional insured shall be submitted with the insurance certificates.
_____________
Provider Initials
b. C
OVERAGE REQUIREMENTS:
Provider shall maintain insurance coverage and limits at least as broad as:
(1) Wo rkers ’ Compensation:
Statutory coverage as required by the State of California, as well as a Waiver of Subrogation (Rights of Recovery) endorsement. (2) L iability :
Commercial general liability coverage in the following minimum limits:
Bodily Injury: $1,000,000 each occurrence
$2,000,000 aggregate - all other
Property Damage: $1,000,000 each occurrence
$2,000,000 aggregate
If submitted, combined single limit policy with per occurrence limits in the amounts of $2,000,000 and aggreg ate limits in the amounts of $4 ,000,000 will be considered equivalent to the required minimum limits shown above. Provider shall also submit d eclarations and policy endorsements pages. Additional Insured Endorsement naming the City , its City Council, boards, commissions, officials, employees, agents, and volunteers is required. The Additional Insured Endorsement shall include primary and non-contributory coverage at least as broad as the CG 2010.
(3) Automotive:
Comprehensive automobile liability coverage (any auto) in the following minimum limits:
Bodily injury: $1,000,000 each occurrence
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Property Damage: $1,000,000 each occurrence
or
Combined Single Limit: $2,000, 000 each occurrence
Additional Insured Endorsement naming the City, its City Council, boards, commissions, officials, employees, agents, and volunteers is required. (4) Professional Liability:
Professional liability insurance which includes coverage appropriate for the professional acts, errors and omissions of Provider ’s profession and work hereunder, including, but not limited to, technology professional liability errors and omissions if the services being provided are technology- based, in the following minimum limits:
$2,000,000 each claim
T
echnology professional liability errors and omissions shall include, or be endorsed to include, property damage liability coverage for damage to, alteration of, loss of, or destruction of electronic data and/or information “property” of the City in the ca re, custody, or control of Provider. If not covered under Provider’s liability policy, such “property” coverage of the City may be endorsed onto Provider’s Cyber Liability Policy as covered property as follows: cyber l iability coverage in an amount sufficient to cover the full replacement value of damage to, alteration of, loss of, or destruction of electronic data and/or information “property” of the City that will be in the care, custody, or control of Provider.
A
s to commercial general liability and automobile liability insurance, such insurance will provide that it constitutes primary insurance with respect to claims insured by such policy, and, except with respect to limits, that insurance applies separately to each insured against whom claim is made or suit is brought. Such insurance is not additional to or contributing with any other insurance carried by or for the benefit of the City.
c. S
UBROGATION WAIVER :
Provider hereby agrees to waive rights of subrogation that any insurer of Provider may acquire from Provider by virtue of the payment of any loss. Provider agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether the City has received a waiver of subrogation endorsement from the insurer. The Workers’ Compensation policy shall be endorsed with a waiver of subrogation in favor of the City for all work performed by Provider, its employees, agents and subcontractors.
d. F AILURE TO SECURE :
If Provider at any time during the term hereof should fail to secure or maintain the foregoing insurance, the City shall be permitted to obtain such insurance in Provider’s name or as an agent of Provider and shall be compensated by Provider for the costs of the insurance premiums at the maximum rate permitted by law and computed from the date written notice is received that the premiums have not been paid.
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 e. ADDITIONAL INSUREDS:
The City, its City Council, boards, commissions, officials, employees , agents , and volunteers shall be named as additional insured(s) under all insurance coverages, except workers’ compensation and professional liability insurance. The naming of an additional insured shall not affect any recovery to which such additional insured would be entitled under this policy if not named as such additional insured. An additional insured named herein shall not be held liable for any premium, deductible portion of any loss, or expense of any nature on this policy or any extension thereof. Any other insurance held by an additional insured shall not be required to contribute anything toward any loss or expense covered by the insurance provided by this policy.
Additional Insured coverage under Provider’s policy shall be primary and non- contributory and will not seek contribution from the City’s insurance or self -insurance. Any available insurance proceeds broader than or in excess of the specified minimum insurance coverage requirements and/or limits shall be available to the additional insured(s). f. S
UFFICIENCY OF INSURANCE :
The insurance limits required by the City are not represented as being sufficient to protect Provider. Provider is advised to consult Provider ’s insurance broker to determine adequate coverage for Provider. The coverage and limits shall be (1) the minimum coverage and limits specified in this Agreement; or (2) the broader coverage and maximum limits of the coverage carried by or available to Provider; whichever is greater. g. E XCESS OR UMBRELLA LIABILITY :
If any Excess or Umbrella Liability policies are used to meet the limits of liability required by this Agreement, then said policies shall be true “following form” of the underlying policy coverage, terms, conditions, and provisions and shall meet all of the insurance requirements stated in this Agreement, including but not limited to, the additional insured, SIR, and primary insurance requirements stated therein. No insurance policies maintained by the indemnified parties or Additional Insureds, whether primary or excess, and which also apply to a loss covered hereunder, shall be called upon to contribute to a loss until all the primary and excess liability policies carried by or available to the Provider are exhausted.
11. CONFLICT OF INTEREST:
Provider w arrants that it is not a conflict of interest for Provider to perform the services required by this Agreement. Provider may be required to fill out a conflict of interest form if the services provided under this Agreement require Provider to make certain governmental decisions or serve in a staff capacity as defined in Title 2, Division 6, Section 18700 of the California Code of Regulations.
12. P ROHIBITION AGAINST TRANSFERS :
a. Provider shall not assign, sublease, hypothecate, or transfer this Agreement, or any interest therein, directly or indirectly, by operation of law or otherwise, without prior written consent of the City Manager. Provider shall submit a written request for consent to transfer to the City Manager at least thirty (30) days in advance of the desired transfer. The City Manager or their designee may consent or reject such request in their sole and absolute discretion. Any attempt to do so without said consent shall be null and void, and any assignee, sublessee, hypothecate or DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 transferee shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer. However, claims for money against the City under this Agreement may be assigned by Provider to a bank, trust company or other financial institution without prior written consent. b. The sale, assignment, transfer or other disposition of any of the issued and outstanding capital stock, membership interest, partnership interest, or the equivalent, which shall result in changing the control of Provider, shall be construed as an assignment of this Agreement.
Control means fifty percent or more of the voting power of Provider.
13. AP PROVAL OF SUB-PROVIDERS:
a. Only those persons and/or businesses whose names and resumés are attached to this Agreement shall be used in the performance of this Agreement. However, if after the start of this Agreement, Provider wishes to use sub-providers, at no additional costs to the City, then Provider shall submit a written request for consent to add sub- providers including the names of the sub- providers and the reasons for the request to the City Manager at least five (5) days in advance. The City Manager may consent or reject such requests in their sole and absolute discretion. b. Each sub-provider shall be required to furnish proof of workers ’ compensation insurance and shall also be required to carry general, automobile and professional liability insurance (as applicable) in reasonable conformity to the insurance carried by Provider. c. In addition, any tasks or services performed by sub- providers shall be subject to each provision of this Agreement. Provider shall include the following language in their agreement with any sub-provider: “Sub-providers hired by Provider agree to be bound to Provider and the City in the same manner and to the same extent as Provider is bound to the City.” d. T
he requirements in this Section 13 shall not apply to persons who are merely providing materials, supplies, data or information that Provider then analyzes and incorporates into its work product.
14. PERMITS AND LICENSES:
Provider, at its sole expense, shall obtain and maintain during the term of this Agreement, all appropriate permits, certificates and licenses, including a City business license that may be required in connection with the performance of the services and tasks hereunder.
15. R EPORTS :
a. Each and every report, draft, work product, map, record and other document produced, prepared or caused to be prepared by Provider pursuant to or in connection with this Agreement shall be the exclusive property of the City.
b. No report, information or other data given to or prepared or assembled by Provider pursuant to this Agreement shall be made available to any individual or organization by Provider without prior approval of the City Manager or their designee. c. Provider shall, at such time and in such form as City Manager or their designee may require, furnish reports concerning the status of services and tasks required under this Agreement.
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385
16. RECORDS:
a. Provider shall maintain complete and accurate records with respect to the services, tasks, work, documents and data in sufficient detail to permit an evaluation of Provider’s performance under the Agreement , as well as maintain books and records related to sales, costs, expenses, receipts and other such information required by the City that relate to the performance of the services and tasks under this Agreement (collectively the “Records”). b. All Records shall be maintained in accordance with generally accepted accounting principles and shall be clearly identified and readily accessible. Provider shall provide free access to the Records to the representatives of the City or its designees during regular business hours upon reasonable prior notice. The City has the right to examine and audit the Records, and to make copies or transcripts therefrom as necessary, and to allow inspection of all proceedings and activities related to this Agreement. Such Records, together with supporting documents, shall be kept separate from other documents and records and shall be maintained by Provider for a period of three (3) years after receipt of final payment.
c. If supplemental examination or audit of the R ecords is necessary due to concerns raised by the City’s preliminary examination or audit of records, and the City’ s supplemental examination or audit of the records discloses a failure to adhere to appropriate internal financial controls, or other breach of this Agreement or failure to act in good faith, then Provider shall reimburse the City for all reasonable costs and expenses associated with the supplemental examination or audit.
17. N
OTICES :
a. All notices shall be in writing and delivered: (i) by hand; or (ii) sent by registered, express, or certified mail, with return receipt requested or with delivery confirmation requested from the U.S. postal service ; or (iii) sent by overnight or same day courier service at the party’s respective address listed in this Section.
b. Each notice shall be deemed to have been received on the earlier to occur of : (x) actual delivery or the date on which delivery is refused; or (y) three (3) days after notice is deposited in the U.S. mail or with a courier service in the manner described above (Sundays and City holidays excepted).
c. Either party may, at any time, change its notice address (other than to a post office box address) by giving the other party three (3) days prior written notice of the new address. d. All notices, demands, requests, or approvals from Provider to the City shall be addressed to the City at:
City of Alameda
Finance
2263 Santa Clara Ave, Room 220
Alameda, CA 94501
ATTENTION: Ross McCarthy, Controller
Ph: (510 747-4850)
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 e. All notices, demands, requests, or approvals from the City to Provider shall be addressed to Provider at:
GovInvest
Finance
8605 Santa Monica Blvd PMB 52465
West Hollywood, CA 90069
ATTENTION: Nick Martin, Director of Finance and Operations Ph: (310-371-7106)
f. All updated insurance certificates from Provider to the City shall be addressed to the City at:
City of Alameda
Finance
2263 Santa Clara Ave, Room 220
Alameda, CA 94501
ATTENTION: Ross McCarthy, Controller
Ph: (510 747-4850)
18. SAFETY:
a. Provider will be solely and completely responsible for conditions of all vehicles owned or operated by Provider, including the safety of all persons and property during performance of the services and tasks under this Agreement . This requirement will apply continuously and not be limited to normal working hours. In addition, Provider will comply with all s afety provisions in conform ance with U.S. Department of Labor Occupational Safety and Health Act, any equivalent state law, and all other applicable federal, state, county and local laws, ordinances, codes, and any regulations that may be detailed in other parts of the Agreement. Where any of these are in conflict, the more stringent requirement s will be followed. Provider’s failure to thoroughly familiarize itself with the aforementioned safety provisions will not relieve it from compliance with the obligations and penalties set forth herein. b. Provider will immediately notify the City within 24 hours of any incident of death, serious personal injury or substantial property damage that occurs in connection with the performance of this Agreement. Provider will promptly submit to the City a writte n report of all incidents that occur in connection with this Agreement. This report must include the following information: (i) name and address of injured or deceased person(s); (ii) name and address of Provider’s employee(s) involved in the incident; (iii) name and address of Provider’s liability insurance carrier; (iv) a detailed description of the incident; and (v) a police report.
19. TER
MINATION:
a. In the event Provider fails or refuses to perform any of the provisions hereof at the time and in the manner required hereunder, Provider shall be deemed in default in the performance of this Agreement . If such default is not cured within two (2) business days after receipt by Provider from the City of written notice of default, specifying the nature of such default and the DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 steps necessary to cure such default, the City may thereafter immediately terminate the Agreement forthwith by giving to Provider written notice thereof. b. The foregoing notwithstanding, the City shall have the option, at its sole discretion and without cause, of terminating this Agreement by giving seven (7) days’ prior written notice to Provider as provided herein.
c. Upon termination of this Agreement either for cause or for convenience, each party shall pay to the other party that portion of compensation specified in this Agreement that is earned and unpaid prior to the effective date of termination. The obligation of the parties under this Section 19.c. shall survive the expiration or early termination of this Agreement.
20. AT TORNEYS ’ FEES:
In the event of any litigation, including administrative proceedings, relating to this Agreement, including but not limited to any action or suit by any party, assignee or beneficiary against any other party, beneficiary or assignee, to enforce, interpret or seek relief from any provision or obligation arising out of this Agreement, the parties and litigants shall bear their own attorney’s fees and costs. No party or litigant shall be entitled to recover any attorneys’ fees or costs from any other party or litigant, regardless of which party or litigant might prevail.
21. H EALTH AND SAFETY REQUIREMENTS .
Provider acknowledges that the City shall have the right to impose , at the City’s sole discretion, requirements that it deems are necessary to protect the health and safety of the City employees, residents, and visitors. Provider agrees to comply with all such requirements, including, but not limited to, mandatory vaccinations, the use of personal protective equipment (e.g. masks), physical distancing, and health screenings. Provider also agrees to make available to the City, at the City’s request, records to demonstrate Provider’s compliance with this Section.
22. CO
MPLIANCE WITH ALL APPLICABLE LAWS:
During the term of this Agreement, Provider shall keep fully informed of all existing and future state and federal laws and all municipal ordinances and regulations of the City of Alameda which affect the manner in which the services or tasks are to be performed by Provider, as well as all such orders and decrees of bodies or tribunals having any jurisdiction or authority over the same. Provider shall comply with all applicable laws, state and federal and all ordinances, rules and regulations enacted or issued by the City.
23. CO
NFLICT OF LAW :
This Agreement shall be interpreted under, and enforced by the laws of the State of California without regard to any choice of law rules which may direct the application of laws of another jurisdiction. The Agreement and obligations of the parties are subject to all valid laws, orders, rules, and regulations of the authorities having jurisdiction over this Agreement (or the successors of those authorities). Any suits brought pursuant to this Agreement shall be filed with the courts of the County of Alameda, State of California.
24. W
AIVER:
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 A waiver by the City of any breach of any term, covenant, or condition contained herein shall not be deemed to be a waiver of any subsequent breach of the same or any other term, covenant, or condition contained herein, whether of the same or a different character.
25. INTEGRATED CONTRACT:
Subject to the language of Section 29, the Recitals and exhibits are a material part of this Agreement and are expressly incorporated herein . This Agreement represents the full and complete understanding of every kind or nature whatsoever between the parties hereto, and all preliminary negotiations and agreements of whatsoever kind or nature are merged herein. No verbal agreement or implied cov enant shall be held to vary the provisions hereof. Any modification of this Agreement will be effective only by written execution signed by both the City and Provider.
26. CAPTIONS:
The captions in this Agreement are for convenience only, are not a part of the Agreement and in no way affect, limit or amplify the terms or provisions of this Agreement.
27. CO UNTERPARTS :
This Agreement may be executed in any number of counterparts (including by fax, PDF , DocuSign, or other electronic means), each of which shall be deemed an original, but all of which shall constitute one and the same instrument.
28. S IGNATORY:
By signing this A greement, signatory warrants and represents that they executed this Agreement in their authorized capacity and that by their signature on this Agreement, they or the entity upon behalf of which they acted, executed this Agreement.
29. CO NTROLLING AGREEMENT :
In the event of a conflict between the terms and conditions of this Agreement (as amended, supplemented, restated or otherwise modified from time to time) and any other terms and conditions wherever contained, including, without limitation, terms and conditions included within exhibits, the terms and conditions of this Agreement shall control and be primary. [
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DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 IN WITNESS WHEREOF, the parties have each caused this Agreement to be duly executed on its behalf as of the Effective Date.
COMPANY GovInvest CITY OF ALAMEDA
a Delaware Corporation.
Nick Martin Jennifer Ott
Director of Finance & Operations City Manager
RECOMMENDED FOR APPROVAL
Michael Fryke
Chief Executive Officer
Margaret O’Brien
Finance Director
APPROVED AS TO FORM:
City Attorney
Jason Allen
Assistant City Attorney
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 4/11/2024
4/11/2024
DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 5/8/2024
Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com 1 Proposal for Pension, OPEB, Labor Costing
Software and GASB Reports
Save Time | Save Money | Make InformedDecisions
Customized For: Alameda, CA
Prepared By:Shareen Baker
Date: March 12th, 2024
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com
OUR MISSION
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DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com 2 CompanyOverview
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"The software is very user friendly, and staff is very helpf ul in assistingwith questionsand helping to better under stand the software data."
• Deputy City Manager, City of Brisbane
“We leverage the labor aspects to increase transparency and enhance cooperationduring negotiations.They find it easier to work togethertowards a compromisewith accu
rate costing data and info-graphics.”
• Finance Director,City of Reno
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com 3 There’s A Better Way To Manage Forecasting
GovInvest’s financial forecasting solutions are designed specifically for local and state governments.Our cloud- based software allows agenciesto run their own analysisto preparefor ever-changing employee and benefits. The innovative technology not only saves time and money, but also empowers stakeholdersto make better- informed decisions up to 30 years ahead.With GovInvest,you have the power to know what happens before it happens.
Plus, valuation reports are certified by
industry-leading, in-house Actuaries.
GovInvest Actuaries are ready to prepare
your actuarial valuations, develop ad hoc
reports and deliver custom software.
GovInvest subscription also includes a popular
monthly webinar series, annual finance
summits, technical consultations, ongoing
software updates and product demonstrations.
GovInvest can help your agency elevate and expedite
the whole process of planning, forecasting and
budgeting by:
• Eliminating old-fashioned spreadsheets
• Increasing accuracy for confident decision-making
• Automating the forecasting and scenario planning
process
• Increasing transparency and trust across
departments with visual graphs
• Projecting labor costs with instant analysis and
measuring changes in workforce
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com 4 Custom Solutions & Services and Scope of Work
Based on our conversations with North Coast County Water District and our understanding of your key needs and objectives, we are proposing the following GovInvest solutions
GovInvest Pension and OPEB Module
● Assist in development and management of funding policy ● Assist in development of UAL paydown strategies
● CalPERS investment return impact analysis and stress testing ● Pension and OPEB funding analysis -create options for mitigating pension and OPEB costs ● Data visualization in interactive graphical format
GovInvest Labor Costing Module and Deliverables
● Build personnel budget and forecast up to 10 years
● Assist with the development of compensation plan – take savings from Classis employees and apply it to PEPRA employees ● Cost out salary increases, benefit costs, special pays and demographic analysis on the fly ● Analyze the effects of salary/benefit adjustments for more informed position budgeting ● Create and export custom reports to share your personnel budget internally and externally ● Assist with development of utility rate structure
GovInvest Support & Development
● Popular monthly educational webinars
● Unlimited training for all users
● Client-driven product enhancements
● Presentation development and support
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com Our revolutionary Pension software is the first and only system designed specifically for each agency, giving you access to up-to-date information on your pension plan
and the transparency needed for confident decision-
making and informed policy development.
Our OPEB software uses your plan details to forecast
your liabilities and costs. Modifying the plan
assumptions will allow you to measure the impacts of
changes before they happen, allowing your team to
prepare and budget for a fiscally sustainable future.
GovInvest offers a one-stop shop to dynamically forecast what-if scenarios, build your plans and communicate
rationale with ease.
Test Funding Strategies In Real-time
Stress Test Economic Assumptions and
Demographic Assumptions
View Impact of This Year’s Investment Return
Without Waiting For A Future Valuation
Explore Funding Options (ex. Lump Sum
Payments, Optimizing Paydown of UAL)
Set-Up a 115 Trust and Track Returns
Data Request Data Review Software
Customization User Training Education &
Support
Optimize Bargaining Decisions
See Long-Term Impact of Salary Increases
on Liabilities
Model Out Workforce Growth
Get the Best Possible Actuarial Projections
to Inform Bargaining Decisions
Lightning-Fast Implementation
Better Pension & OPEB Management
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com Automate your personnel costing process using individual data for fast, accurate results. Our Labor Costing software allows you to instantly model new benefits, measure new hires and vacancies, and easily validate the information for improved trust and outcomes. Work with seasoned
industry experts to easily track proposed cost changes
versus baseline and accounting detail, such as by
department, funding source or general ledger accounts.
Automate Costing With Real-time Data
Instantaneous proposal modeling
Configure and change costs on the fly
Analyze bargaining groups separately or
together
Increase transparency of results with groups
Significantly reduce time, headache and human
error associated with excel-costed proposals
Lightning-Fast Implementation
Workforce Analysis
Data Request Data Review Software
Customization User Training Education &
Support
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com Combining GovInvest’s software and our senior public
finance experts, you will have everything you need to
prepare for budget, workforce planning and labor
negotiations at your fingertips. Our client service team and seasoned consultants focus on supporting agencies in using our tools to make informed decisions with
confidence, as well as implement and monitor funding
policies.
We also employ industry-leading, certified actuaries who provide the required Government Accounting Standards
Board (GASB) reporting and present the reports in simple and intuitive visualizations of the key information. With GovInvest developing your valuations, you will have
peace-of-mind in knowing that experts with decades of
experience are taking every precaution when creating
your reports.
White Glove Consulting
Customized policy presentations, workforce
analysis, stress testing and more
Presentations to staff and council
Third-party trusted expertise
Annual performance report
Data-driven education
GASB Reports
GASB 68 – accounting valuation or full
accounting valuation
GASB 75
Actuarial funding reports
Budget studies
All reports certified by senior actuaries
A Partner for Sustainable Policies
Consulting & GASB Reports
Need
Assessment
Scenario
Analysis
Education &
Discussion Policy Review Performance
Management
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com 3 2
Required GASBReports
Assumption Adjustments
Liability + Cost Projections
Presentation of Results
Real-Time Interactive Info
Granular Benefit Adjustments
Actuarial Data Visualization
Transparency
1 8
7 6
5 4
Traditional Actuaries
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Value Added
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com 5 UNLIMITED
USERS
ACCESS
TO NEW
FEATURES
REVIEW OF
FUNDING
METHODOLOGIES
AND TRENDS
PRESENTATION
REVIEW
DEDICATED
SUPPORT
TRAINING FOR
STAFF
DATA
UPDATES
ACCESS TO
MONTHLY
WEBINARS
CONSULTATIVE
PLANNING
SESSIONS
ACCESS TO TEAM
OF SUBJECT
MATTER EXPERTS
Concierge Services Included With Your Software Subscription DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com Option 1: (3-YR Contract with option to extend 2
additional year
Items Annual Fees
Pension Module $20,000
OPEB Module $15,000
Labor Costing Module $26,926.23
GASB 68 Full Actuarial Valuation
GASB 73 Full Valuation
$7000
Bundled
OPEB
Total $68,926.23
An Investment That Pays For Itself
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 Proprietary & Confidential © 2023 GovInvest Inc. | www.govinvest.com The GovInvest team works with you to prioritize deadlines and provide periodic updates during the onboarding process. We review and upload all the information for you. We just ask that you collect or download plan and census information to help model your plan’s information. The presentation of this information is on a user-friendly cloud- based software.
GovInvest is the pioneer of financial forecasting technology, and your data displayed is the result of years of experience and client feedback. We are passionate about the work of governments, which drives how we develop our technology.
Point of contact for contracts
and new modules
[email protected]
Support Team for
technical support
[email protected]
Your Subscription Includes A Dedicated Team
Product Team for data
updates and software
enhancements
[email protected]
We will provide Technical Support to you via both telephone and electronic mail on weekdays during the hours of 9:00 a.m. through 5:00 p.m. Pacific Standard Time, with the exclusion of Federal Holidays (“Support Hours”).
You may initiate a help desk ticket during Support Hours by calling 310-371-7106 or any time by emailing [email protected]. We typically respond to all help desk tickets within one (1) business day.
TECHNICAL SUPPORT
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 12/05/2023
MBISI, Inc. - Meridian Brokerage
18980 Ventura Blvd., Suite 330
Tarzana CA 91356
Serge Sinanian
(818) 225-7025 (818) 225-7026
[email protected]
GovInvest Inc.
1230 Rosecrans Ave., St 300 PMB 754
Manhattan Beach CA 90266
Sentinel Insurance Company, Ltd
Allstate Insurance Company
Hiscox Insurance Company Inc.
CL2312309869
A Y N 72 SBM BB5518 06/25/2023 06/25/2024
2,000,000
1,000,000
10,000
2,000,000
4,000,000
4,000,000
B N N 648847300 04/17/2023 04/17/2024
1,000,000
A
10,000
Y N 72 SBM BB5518 06/25/2023 06/25/2024
1,000,000
1,000,000
C
Cyber Liability & Professional Liability
Claims Made Y N MPL2075241.23 09/28/2023 09/28/2024
Aggregate 2,000,000
Each Claim 2,000,000
Retention 5,000
Application Service Provider.
City Of Alameda, its elected or appointed officers, officials, employees, agents and volunteers are named as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of the consultant or any subcontractors including materials, parts or equipment furnished in connection with such work or operations, including completed operations. Coverage under the policy is Primary and Non-Contributory. Refer to attached policy form IH 12 00 11 85 T for scope of additional insured status. Waiver of Subrogation endorsement form IH 12 00 11 85 T is attached.
Regarding Commercial Auto policy, please refer to attached policy form CA 20 01 10 13 for scope of additional insured status. 30 Days Notice of Cancellation Or Reduction of Coverage. 10 Days Notice of Cancellation for Non-Payment of Premium.
City of Alameda
2070 Clinton Ave.
Alameda CA 94501
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.
INSURER(S) AFFORDING COVERAGE
INSURER F :
INSURER E :
INSURER D :
INSURER C :
INSURER B :
INSURER A :
NAIC #
NAME:
CONTACT
(A/C, No):
FAX
E-MAIL
ADDRESS:
PRODUCER
(A/C, No, Ext):
PHONE
INSURED
REVISION NUMBER:CERTIFICATE NUMBER:COVERAGES
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
OTHER:
(Per accident)
(Ea accident)
$
$
N / A
SUBR
WVD
ADDL
INSD
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. $
$
$
$PROPERTY DAMAGE
BODILY INJURY (Per accident)
BODILY INJURY (Per person)
COMBINED SINGLE LIMIT
AUTOS ONLY
AUTOSAUTOS ONLY
NON-OWNED
SCHEDULEDOWNED
ANY AUTO
AUTOMOBILE LIABILITY
Y / N
WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY
OFFICER/MEMBER EXCLUDED?
(Mandatory in NH)
DESCRIPTION OF OPERATIONS below
If yes, describe under
ANY PROPRIETOR/PARTNER/EXECUTIVE
$
$
$
E.L. DISEASE - POLICY LIMIT
E.L. DISEASE - EA EMPLOYEE
E.L. EACH ACCIDENT
ER
OTH-
STATUTE
PER
LIMITS(MM/DD/YYYY)
POLICY EXP
(MM/DD/YYYY)
POLICY EFF
POLICY NUMBERTYPE OF INSURANCELTR
INSR
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)
EXCESS LIAB
UMBRELLA LIAB $EACH OCCURRENCE
$AGGREGATE
$
OCCUR
CLAIMS-MADE
DED RETENTION $
$PRODUCTS - COMP/OP AGG
$GENERAL AGGREGATE
$PERSONAL & ADV INJURY
$MED EXP (Any one person)
$EACH OCCURRENCE
DAMAGE TO RENTED
$PREMISES (Ea occurrence)
COMMERCIAL GENERAL LIABILITY
CLAIMS-MADE OCCUR
GEN'L AGGREGATE LIMIT APPLIES PER:
POLICY PRO-
JECT LOC
CERTIFICATE OF LIABILITY INSURANCE
DATE (MM/DD/YYYY)
CANCELLATION
AUTHORIZED REPRESENTATIVE
ACORD 25 (2016/03)
© 1988-2015 ACORD CORPORATION. All rights reserved.
CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
HIRED
AUTOS ONLY
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 ANY PROPRIETOR/PARTNER/EXECUTIVEOFFICER/MEMBER EXCLUDED?
INSR ADDLSUBRLTR INSDWVD
PRODUCER CONTACTNAME: FAXPHONE(A/C, No):(A/C, No, Ext):E-MAILADDRESS:INSURER A :INSURED INSURER B :INSURER C :INSURER D :INSURER E :INSURER F :
POLICY NUMBERPOLICY EFFPOLICY EXPTYPE OF INSURANCELIMITS(MM/DD/YYYY)(MM/DD/YYYY)
AUTOMOBILE LIABILITY
UMBRELLA LIABEXCESS LIABWORKERS COMPENSATIONAND EMPLOYERS' LIABILITY DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)
AUTHORIZED REPRESENTATIVE
EACH OCCURRENCE$DAMAGE TO RENTEDCLAIMS-MADEOCCUR $PREMISES (Ea occurrence)MED EXP (Any one person)$PERSONAL & ADV INJURY$GEN'L AGGREGATE LIMIT APPLIES PER:GENERAL AGGREGATE$PRO-POLICYLOC PRODUCTS - COMP/OP AGGJECT OTHER: $COMBINED SINGLE LIMIT$(Ea accident)ANY AUTO BODILY INJURY (Per person)$OWNEDSCHEDULEDBODILY INJURY (Per accident)$AUTOS ONLYAUTOSHIREDNON-OWNEDPROPERTY DAMAGE$AUTOS ONLYAUTOS ONLY(Per accident)$OCCUR EACH OCCURRENCECLAIMS-MADEAGGREGATE$DEDRETENTION$ PEROTH-STATUTEERE.L. EACH ACCIDENTE.L. DISEASE - EA EMPLOYEE$If yes, describe underE.L. DISEASE - POLICY LIMITDESCRIPTION OF OPERATIONS below INSURER(S) AFFORDING COVERAGENAIC #
COMMERCIAL GENERAL LIABILITY
Y / NN / A(Mandatory in NH)
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORETHE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED INACCORDANCE WITH THE POLICY PROVISIONS.
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIODINDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THISCERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THISCERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIESBELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZEDREPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement onthis certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
COVERAGESCERTIFICATE NUMBER:REVISION NUMBER:
CERTIFICATE HOLDERCANCELLATION
© 1988-2015 ACORD CORPORATION. All rights reserved.ACORD 25 (2016/03)
CERTIFICATE OF LIABILITY INSURANCEDATE (MM/DD/YYYY)
$
$$$$
The ACORD name and logo are registered marks of ACORD
12/4/2023
(800) 969-5454(570) 825-299042390GovInvest, Inc.8605 Santa Monica BlvdPMB 52465West Hollywood, CA 90069 A XGOWC4316808/27/20238/27/20241,000,000Y 1,000,0001,000,000 Included Ted PriceExcluded Jasmine Nachtigall-FournierA waiver of subrogation in favor of the certificate holder has been included in the workers compensation policy (see attached endorsement).
City of Alameda2070 Clinton Ave,Alameda, CA 94501
GOVINVE-01LLAPSANSKY
Total Resources Ins Agy39 Public SquareWilkes-Barre, PA 18702Ed [email protected] Insurance Company X
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385 /0/1/2/3
/4/5/6/7/8/9/10/i255/12/6/13/14/9/15/i255/16/i255/17/7/18/i255/19/9/15/20/21/7/i255/21/15/i255/21/15/22/6/7/13/23/6/10/13/21/7/i255/24/21/15/i255/25/26/21/27/i255/10/26/9/i255 /28/6/27/9/29/i255/30/7/20/31/15/9/29/i255/26/6/20/i255/6/22/15/9/9/29/i255/32/18/i255/25/15/13/10/10/9/7/i255/33/21/7/10/15/6/33/10/i255/10/21/i255/24/31/15/7/13/20/26/i255/10/26/13/20/i255 /25/6/13/14/9/15/34
/17/5/5/i255/35/17/i255/36/19/9/15/6/10/13/21/7/20
/37/38/39 /40/41/42/0/43/44/2 /2/2/44/45/3/46/45/3/2/3/42 /37/47/48/49/50/48/51/52/53/54/i255/49/50/56/1
/57/58/37 /59/57/60/61/i255/49/50/52/62/63/64/50/56/51/i255/40/47/58/65/64/50/66 DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.
INSURER(S) AFFORDING COVERAGE
INSURER F :
INSURER E :
INSURER D :
INSURER C :
INSURER B :
INSURER A :
NAIC #
NAME:
CONTACT
(A/C, No):
FAX
E-MAIL
ADDRESS:
PRODUCER
(A/C, No, Ext):
PHONE
INSURED
REVISION NUMBER:CERTIFICATE NUMBER:COVERAGES
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
OTHER:
(Per accident)
(Ea accident)
$
$
N / A
SUBR
WVD
ADDL
INSD
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. $ $
$
$PROPERTY DAMAGE
BODILY INJURY (Per accident)
BODILY INJURY (Per person)
COMBINED SINGLE LIMIT
AUTOS
AUTOSAUTOS
NON-OWNED
HIRED AUTOS
SCHEDULEDALL OWNED
ANY AUTO
AUTOMOBILE LIABILITY
Y / N
WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY
OFFICER/MEMBER EXCLUDED?
(Mandatory in NH)
DESCRIPTION OF OPERATIONS below
If yes, describe under
ANY PROPRIETOR/PARTNER/EXECUTIVE
$
$
$
E.L. DISEASE - POLICY LIMIT
E.L. DISEASE - EA EMPLOYEE
E.L. EACH ACCIDENT
ER
OTH-
STATUTE
PER
LIMITS(MM/DD/YYYY)
POLICY EXP
(MM/DD/YYYY)
POLICY EFF
POLICY NUMBERTYPE OF INSURANCELTR
INSR
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)
EXCESS LIAB
UMBRELLA LIAB $EACH OCCURRENCE
$AGGREGATE
$
OCCUR
CLAIMS-MADE
DED RETENTION $
$PRODUCTS - COMP/OP AGG
$GENERAL AGGREGATE
$PERSONAL & ADV INJURY
$MED EXP (Any one person)
$EACH OCCURRENCE
DAMAGE TO RENTED
$PREMISES (Ea occurrence)
COMMERCIAL GENERAL LIABILITY
CLAIMS-MADE OCCUR
GEN'L AGGREGATE LIMIT APPLIES PER:
POLICY PRO-
JECT LOC
CERTIFICATE OF LIABILITY INSURANCE
DATE (MM/DD/YYYY)
CANCELLATION
AUTHORIZED REPRESENTATIVE
ACORD 25 (2016/03)
© 1988-2015 ACORD CORPORATION. All rights reserved.
CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
MTTU
Hiscox Inc. d/b/a/ Hiscox Insurance Agency in CA
5 Concourse Parkway
Suite 2150
Atlanta GA, 30328
(888) 202-3007
[email protected]
Hiscox Insurance Company Inc 10200
GovInvest Inc.
8605 Santa Monica Blvd PMB 52465
West Hollywood, CA 90069
City of Alameda
2070 Clinton Ave
Alameda, CA 94501
Each Claim: $ 1,000,000
Aggregate: $ 2,000,000
Professional LiabilityA 02/10/202402/10/2023P100.094.137.9 12/15/2023
DocuSign Envelope ID: ADBCA586-4F98-428F-84F9-53D45F6CA187 DocuSign Envelope ID: 67F1362C-548B-48F1-93E0-5E0D6E2B0385