SECOND AMENDMENT TO
MASTER PROFESSIONAL CONSULTANT SERVICES AGREEMENT
NHA ADVISORS, LLC
Financial Advisory Services Panel (REP No. 1757)
-This SECOND AMENDMENT TO MASTER PROFESSIONAL CONSULTANT SERVICES AGREEMENT ("Second Amendment"), is made and entered into this. day of _ 2022 ("Effective Date"), by and between the CITY OF RIVERSIDE, a California charter city and municipal corporation ("City"), and NHA ADVISORS, LLC, a California limited liability company ("Consultant"), at 4040 Civic Center Drive, Suite 200, San Rafael, CA 94903, in accordance with the following facts;
RECITALS
WHEREAS, the City and Consultant entered into a Master Professional Consultant Services Agreement for Financial Advisory Services Panel (RFP No. 1757), on or about June 5, 2018 ("Master Agreement"); and
WHEREAS, the City and Consultant entered into a Supplemental Agreement for Assigned Project for Financial Advisory Services Panel (RFP No. 1757), on or about October 7, 2019 ("Supplemental Agreement"); and
WHEREAS, the City and Consultant entered into a First Amendment to Master Professional Consultant Services Agreement ("First Amendment") on or about May 6, 2021; and WHEREAS, the City desires to have Consultant continue providing the services referenced in that Master Agreement; and
WHEREAS, the City and Consultant desire to amend the Master Agreement to extend the term of the Agreement for one additional year, to end June 30, 2023, and update compensation to change the hourly rates.
NOW, THEREFORE, in consideration of the foregoing recitals, which are incorporated herein to the Master Agreement, the parties hereto mutually agree to the following amendment to the Agreement:
1. ' Section 2, "Term," is hereby amended to extend the term of the Agreement for one additional year, to end June 30, 2023.
1 2. Section 3, "Compensation," is hereby amended to change the hourly rates during the extended term from July 1, 2022, to June 30, 2023. See Exhibit "B-2," attached hereto and incorporated herein by reference.
All other terms and conditions of the Master Agreement between the parties which are not inconsistent with the terms of this Second Amendment shall remain in full force and effect as if fully set forth herein.
IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to Master Professional Consultant Services Agreement to be duly executed the day and year first above written.
CITY OF RIVERSIDE, NHA ADVISORS, LLC,
a California charter city and municipal a California limited liability company corporation
By:
City Manager Its: PRESIDENT
CRAIG HILL
Attest:
City Clerk
SECRETARY
MACK NORTHCROSS
Certified as to Availability of Funds:
By: _
Chief Financiaf Officer
Approved as to Form:
By:_
Senior Deputy City Attorney
18-0391.3 RBK 3/15/2022
2 COMPENSATION
Staff Allocation Hourly
Rate
Principal $325
Director/Senior Vice President $300
Vice President $275
Asst: Vice President/Sr. Associate $250
Associate $225
Senior Analyst $200
Analyst $175
Administrative $75