1 THIRD AMENDMENT TO THE
AGREEMENT FOR CONSULTING SERVICES
BETWEEN THE CITY OF REDONDO BEACH
AND FHN FINANCIAL MAIN STREET ADVISORS, LLC
THIS THIRD AMENDMENT TO THE AGREEMENT FOR CONSULTING SERVICES (“Third Amendment”) is made between the City of Redondo Beach, a chartered municipal corporation (“City”) and Meeder Public Funds, Inc., an Ohio corporation (“Contractor” or “Consultant”) formerly FHN Financial Main Street Advisors, LLC (“FHN”).
WHEREAS, on February 18, 2020, the City and FHN entered into that certain Agreement for Consulting Services (the "Agreement");
WHEREAS, on August 17, 2021, the City and FHN entered into the First Amendment to the Agreement to remove certain services and define nondiscretionary investment management; WHEREAS, on January 17, 2023, the City and FHN entered into a Second Amendment to the Agreement to extend the Agreement through January 31, 2026; WHEREAS, on November 21, 2023, the City consented, pursuant to that certain Consent to Assignment of the Agreement, to the assignment of the Agreement from FHN to Meeder Investment Management, Inc., and the subsequent assignment from Meeder Investment Management, Inc. to Consultant, which assumed all rights and obligations of FHN under the Agreement; and
WHEREAS, the City and Consultant now desire to extend the term of the Agreement.
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. TERM AND TIME OF COMPLETION. Exhibit “B” of the Agreement, as amended by Exhibit “B-1”, is hereby amended to add Exhibit “B-2”, which extends the Agreement to January 31, 2029. Exhibit “B-2” is attached hereto and incorporated by reference.
Consultant shall commence and complete all services described in Exhibit “A”, as amended by Exhibit “A-1” of the Agreement in accordance with the schedule set forth in Exhibit “B”, as amended by Exhibits “B-1” and “B-2”.
2. NO OTHER AMENDMENTS. Except as expressly stated herein, the Agreement shall remain unchanged and in full force and effect. The Agreement, First Amendment, Second Amendment, Consent to Assignment, and this Third 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, Second Amendment, Consent to Assignment, and this Third Amendment, the terms of this Third Amendment shall govern. [SIGNATURES FOLLOW ON NEXT PAGE]
2 IN WITNESS WHEREOF, the parties have executed this Third Amendment in Redondo Beach, California, as of this 21st day of October, 2025.
CITY OF REDONDO BEACH, MEEDER PUBLIC FUNDS, INC.,
a chartered municipal corporation an Ohio corporation
___________________________ By: _________________________ James A. Light, Mayor Name: _________________________
Title: _________________________
ATTEST: APPROVED:
___________________________ ___________________________ Eleanor Manzano, City Clerk Diane Strickfaden, Risk Manager APPROVED AS TO FORM:
_________________________
Joy A. Ford, City Attorney
Jason Headings
Sr. Vice President
3 EXHIBIT "B-2"
TERM AND TIME OF COMPLETION
TERM. The term of this Agreement shall be extended to January 31, 2029 (“Term”), unless otherwise terminated herein.
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)
© 1988-2015 ACORD CORPORATION. All rights reserved.
CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
HIRED
AUTOS ONLY
8/27/2025
Alliant Insurance Services, Inc.
32 Old Slip
New York NY 10005
Dalton Trimnal 646-759-3535 [email protected] Continental Casualty Company 20443 MEEDINV-01 XL Specialty Insurance Company 37885 Meeder Investment Management, Inc.
Meeder Public Funds, Inc.
6125 Memorial Drive
Dublin OH 43017
2034222826
A
B
Management and Professional Liab.
Insurance
652130249
ELU205537-25
7/31/2025
7/31/2025
7/31/2026
7/31/2026
Aggregate Limit
Retention
$10,000,000
$250,000
Evidence of coverage only.
City of Redondo Beach
415 Diamond Street
Redondo Beach CA 90277