1 SECOND AMENDMENT TO THE
AGREEMENT FOR CONSULTING SERVICES
BETWEEN THE CITY OF REDONDO BEACH
AND FHN FINANCIAL MAIN STREET ADVISORS, LLC
THIS SECOND AMENDMENT TO THE AGREEMENT FOR CONSULTING SERVICES (“Second Amendment”) is made between the City of Redondo Beach, a chartered municipal corporation (“City”) and FHN Financial Main Street Advisors, LLC, a Nevada limited liability company (“Contractor” or “Consultant”).
WHEREAS, on February 18, 2020, the parties entered into the Agreement for Consulting Services between the City and Consultant (the "Agreement"); and WHEREAS, on August 17, 2021, the parties entered into the First Amendment to the Agreement for Consulting Services between the City and Consultant to remove certain services and define nondiscretionary investment management; and WHEREAS, the Agreement expires January 31, 2023; and
NOW THEREFORE, in consideration of the promises and mutual covenants contained herein, and intending to be legally bound, the parties hereby agree to make the following amendment to the Agreement:
1. SCHEDULE FOR COMPLETION. Exhibit “B” of the Agreement is hereby amended to add Exhibit “B-1”, which extends the Agreement to January 31, 2026. Exhibit “B-1” is attached hereto and incorporated by reference. Contractor shall commence and complete all services described in Exhibits “A” and “A-1” of the Agreement in accordance with the schedule set forth in Exhibit “B-1”.
2. NO OTHER AMENDMENTS. Except as expressly stated herein, the Agreement shall remain unchanged and in full force and effect. The Agreement, First Amendment, and this Second Amendment constitute the entire agreement between the parties and supersede any previous oral or written agreement with respect to the subject matter hereof. In the event of any inconsistency between the terms of the Agreement, First Amendment, and this Second Amendment, the terms of this Second Amendment shall govern.
[SIGNATURES FOLLOW ON NEXT PAGE]
IN WITNESS WHEREOF, the parties have executed this Second Amendment in 2 Redondo Beach, California, as of this 17th day of January, 2023.
CITY OF REDONDO BEACH, FHN FINANCIAL MAIN STREET ADVISORS, a chartered municipal corporation LLC, a Nevada limited liability company ___________________________ By: _________________________ William C. Brand, Mayor Name:_________________________
Title: _________________________
ATTEST: APPROVED:
___________________________ _______________________________ Eleanor Manzano, City Clerk Diane Strickfaden, Risk Manager APPROVED AS TO FORM:
_________________________
Michael W. Webb, City Attorney
EXHIBIT "B-1"
Founder
Rick Phillips
3 SCHEDULE FOR COMPLETION
TERM. The term of this Agreement shall be extended to January 31, 2026 (“Term”), unless otherwise terminated herein.
ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED?
INSR ADDL SUBR
LTR INSD WVD
PRODUCER CONTACT NAME: PHONE FAX
(A/C, No, Ext): (A/C, No): E-MAIL ADDRESS:
INSURER A :
INSURED INSURER B :
INSURER C :
INSURER D :
INSURER E :
INSURER F :
POLICY NUMBER POLICY EFF POLICY EXP TYPE OF INSURANCE (MM/DD/YYYY) (MM/DD/YYYY) LIMITS
AUTOMOBILE LIABILITY
UMBRELLA LIAB
EXCESS LIAB WORKERS COMPENSATION
AND 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 RENTED CLAIMS-MADE OCCUR PREMISES (Ea occurrence) $ MED EXP (Any one person) $ PERSONAL & ADV INJURY $ GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ PRO- POLICY JECT LOC PRODUCTS - COMP/OP AGG OTHER: $ COMBINED SINGLE LIMIT
(Ea accident) $ ANY AUTO BODILY INJURY (Per person) $ OWNED SCHEDULED AUTOS ONLY AUTOS BODILY INJURY (Per accident) $ HIRED NON-OWNED PROPERTY DAMAGE AUTOS ONLY AUTOS ONLY (Per accident) $
$ OCCUR EACH OCCURRENCE CLAIMS-MADE AGGREGATE $ DED RETENTION $ PER OTH- STATUTE ER E.L. EACH ACCIDENT E.L. DISEASE - EA EMPLOYEE $
If yes, describe under DESCRIPTION OF OPERATIONS below E.L. DISEASE - POLICY LIMIT INSURER(S) AFFORDING COVERAGE NAIC #
COMMERCIAL GENERAL LIABILITY
Y / N
N / A
(Mandatory in NH)
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE 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 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.
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.
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).
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:
CERTIFICATE HOLDER CANCELLATION
ACORD 25 (2016/03) © 1988-2015 ACORD CORPORATION. All rights reserved.
CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)
$
$
$
$
$
The ACORD name and logo are registered marks of ACORD
7/25/2022
License # 1298
(615) 383-9761 (615) 383-4628
25623
FHN Financial Main Street Advisors LLC
165 Madison Avenue
Memphis, TN 38103
25674
27120
A 1,000,000
H-660-3H224500-PHX-22 6/1/2022 6/1/2023 1,000,000
10,000
1,000,000
2,000,000
2,000,000
B 1,000,000
810-0N810834-22-N2-G 6/1/2022 6/1/2023
B 15,000,000
CUP-9K5444655-22-N2 6/1/2022 6/1/2023
10,000 15,000,000
C
20 WN J76704 6/1/2022 6/1/2023 1,000,000 N 1,000,000
1,000,000
Please refer to the following page(s) for additional information City of Redondo Beach
415 Diamond Street
Redondo Beach, CA 90277-0000
FIRSHOR-04 KLENARDSON
Hub International Mid-South
3011 Armory Drive
Suite 250
Nashville, TN 37204
The Phoenix Insurance Company
Travelers Property Casualty Company of America
Trumbull Insurance Company
Annual Aggreg
X
X
X
X
X
X X
X
X
X
FORM NUMBER:
EFFECTIVE DATE:
The ACORD name and logo are registered marks of ACORD
ADDITIONAL REMARKS
ADDITIONAL REMARKS SCHEDULE
FORM TITLE:
Page of
THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, ACORD 101 (2008/01)
AGENCY CUSTOMER ID:
LOC #:
AGENCY NAMED INSURED
POLICY NUMBER
CARRIER NAIC CODE
© 2008 ACORD CORPORATION. All rights reserved.
Hub International Mid-South
FIRSHOR-04
SEE PAGE 1
1 SEE PAGE 1
ACORD 25 Certificate of Liability Insurance
License # 1298
999
SEE P 1
FHN Financial Main Street Advisors LLC
165 Madison Avenue
Memphis, TN 38103
SEE PAGE 1
KLENARDSON
1 Description of Operations continued
The Certificate Holder is included as Additional Insured for General Liability and Automobile Liability, when required by a written contract or agreement that has been executed prior to a loss, and as outlined in the policy forms referenced below. Additional Insured status is not applicable to Workers Compensation.
As respects General Liability:
Blanket Additional Insured - Owners, Managers and Lessors of Premises (per Form CG T1 00 02 19) Blanket Additional Insured - Lessors of Leased Equipment (per Form CG T1 00 02 19) Blanket Additional Insured - Persons or Organizations For the Named Insured's Ongoing Operations As Required By Written Contract or Agreement (per Form CG D5 52) Blanket Waiver of Subrogation as Required by Written Contract or Agreement (per Form CG D5 52) Blanket Primary, Non-Contributory Status as Required by Written Contract (per Form CG T1 00 02 19) As Respects Auto Liability:
Blanket Additional Insured When Required by Written Contract or Agreement (per Form CA T3 53) Blanket Waiver of Subrogation When Required by Written Contract (per Form CA T3 53) As Respects Workers' Compensation:
Blanket Waiver of Subrogation (per Form WC 00 03 13) - as allowable by law Blanket Waiver of Subrogation (per Form WC 42 03 04 B) - applicable to Texas Blanket Waiver of Subrogation (per Form WC 04 03 06) - applicable to California Blanket Waiver of Subrogation (per Form WC 43 03 05) - applicable to Utah Blanket Alternate Employer Endorsement (per Form WC 03 01 A) - as allowable by law As Respects Umbrella/Excess Liability:
The Umbrella/Excess Liability provides excess limits over the underlying General Liability, Auto Liability and Employers Liability.
Coverage is subject to all of the terms, conditions, exclusions and definitions of the above-referenced policies, as issued by the carrier(s).
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
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:
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 WVDADDL
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
AUTOS ONLY AUTOS NON-OWNED OWNED SCHEDULED
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 EMPLOYEEE.L. EACH ACCIDENT EROTH- STATUTE PER
(MM/DD/YYYY) LIMITS POLICY EXP(MM/DD/YYYY) POLICY EFFLTR TYPE OF INSURANCE POLICY NUMBER 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)
© 1988-2016 ACORD CORPORATION. All rights reserved.
CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
HIRED
AUTOS ONLY
ATL-004462343-38 Attn: [email protected]/Fax 212-948-0527 13 A Blended 08/01/2022 08/10/2022See Acord 101 This is a Claims Made policy. 415 Diamond Street Redondo Beach, CA 90277 City of Redondo Beach
CN101851001-Main-BleF3-22-23 Financial Institution Bond 08/01/2023 1801 WEST END AVE., SUITE 1400 MARSH, INC.
NASHVILLE, TN 37203
Tonya Dazzio 702-575-6592
FHN Financial Main Street Advisors
Las Vegas, NV 89144 10655 Park Run Dr, Suite 120
See Attached Attn: Jill Buchholz
(See Additional Page Text)
ACORD 101 (2008/01)
The ACORD name and logo are registered marks of ACORD
© 2008 ACORD CORPORATION. All rights reserved.
THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: FORM TITLE:
ADDITIONAL REMARKS
ADDITIONAL REMARKS SCHEDULE Page of
AGENCY CUSTOMER ID:
LOC #:
AGENCY
CARRIER NAIC CODE
POLICY NUMBER
NAMED INSURED
EFFECTIVE DATE:
Policy Number: ELU184624-22 � ___________________________________________________________________________________________________________� ��Carrier: Berkshire Hathaway Specialty Insurance � 2 2 Retentions per claim:� Limit of Insurance: $10,000,000 Aggregate and Per Claim� Nashville Bankers Professional Liability (BPL), Directors & Officers Liability (D&O), and Fiduciary Liability (FID), subject to Tie-In of Limits. � Policy Number: 47-EPF-301701-08 � Berkshire Hathaway Specialty Insurance � ����Policy Period: 08/01/2022 - 08/01/2023� Certificate of Liability Insurance Limit: $10,000,000 Single/$20,000,000 Agg. � CN101851001 D&O (B&C) - $10,000,000 � Fiduciary - $1,000,000 / $5,000,000� Carrier: XL Specialty Insurance Co.� Limit: $10,000,000 XS $10,000,000� Policy Number: 47-EPF-301701-08� SIR Value: $2,000,000 � MARSH, INC.� Tonya Dazzio 702-575-6592� FHN Financial Main Street Advisors� Las Vegas, NV 89144 10655 Park Run Dr, Suite 120� Coverage: Primary F.I. Bond� 25 BPL - $20,000,000�