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HomeMy WebLinkAboutAgr 2017-08-14 (Sperry Capital Task Orders 1-3) TASK ORDER#1 August 14,2017 Mr. Greg Chanis Town Manager Town of Tiburon 1505 Tiburon Boulevard Tiburon CA 94920 Re: Task Order#1 under Agreement for Professional Services between Town of Tiburon and Sperry Capital Inc. dated August 14, 2017. Dear Greg, We are writing to set out our understanding of a financial advisory work requested by Town of Tiburon staff for the issuance of bonds for the Hawthorne Assessment District. Work Requested and Schedule for Completion: 1. The work will follow the bond issuance scope of services under Agreement for Professional Services between Town of Tiburon and Sperry Capital Inc. dated August 14,2017. 2. The schedule will be developed with the Town by the financing team including Bond Counsel and the District Engineer. Not-to-Exceed Budget: $30,000 Estimate of Hours: 100 All work under this Task Order No. 1 shall be made in accordance with the terms of the Agreement for Professional Services between Town of Tiburon and Sperry Capital Inc.,dated August 14,2017 and any Exhibits thereto. We hope this letter meets with your understanding of the work we are to provide. Please confirm that this letter reflects the requested project by signing and returning a scanned copy of this letter by email. Thank you. Yours truly, a Approved: PTown of Ti o Jame H. Gibbs cipal �- -- �iibbsla?sperrycapi.tal..com _ Martha J.Vujovich Its: Principal mvujovich!a;sperrycqpital..coni Date: TASK ORDER#2 August 14, 2017 Mr. Greg Chanis Town Manager Town of Tiburon 1505 Tiburon Boulevard Tiburon CA 94920 Re: Task Order#2 under Agreement for Professional Services between Town of Tiburon and Sperry Capital Inc. dated August 14,2017. Dear Greg, We are writing to set out our understanding of financial advisory work requested by Town of Tiburon staff for the issuance of Virginia Drive Assessment District bonds. ' Work Requested and Schedule for Completion: 1. The work will follow the bond issuance scope of services Agreement for Professional Services between Town of Tiburon and Sperry Capital, Inc. dated August 14,2017. 2. The schedule will be developed with the Town by the financing team including Bond Counsel and the District Engineer. Not-to-Exceed Budget: $30,000 All work under this Task Order No. 2 shall be made in accordance with the terms of the Agreement for Professional Services between Town of Tiburon and Sperry Capital Inc.,dated August 14,2017 and any Exhibits thereto. We hope this letter meets with your understanding of the work we are to provide. Please confirm that this letter reflects the requested project by signing and returning a scanned copy of this letter by email. Thank you. Yours truly, Approved: Town 11,1, n ,A IMV SJa esH. Gibbs Principal iJg_bbsCdserr�•capital.com Martha J.Vujovich Its: --I Principal mvuljovich�u;sperrvcapital.com Date: �`' TASK ORDER 93 August 17, 2017 Mr. Greg Chanis Town Manager Town of Tiburon 1505 "Tiburon Boulevard Tiburon CA 94920 Re: Task Order#3 under Agreement for•Professional Services between Town of Tiburon mzd Sperry Capital Inc. dated August 14, 2017 Dear Greg, We are writing to set out our understanding of additional work requested by Town of Tiburon staff for the review of and recommendations for Town Investment Policy. Work Requested and Schedule for Completion: 1. Review existing investment policy and discuss goals. 2. Identify alternative investment strategies. 3. Propose modifications and review with staff. 4. Draft new policy as appropriate. 5. Present findings to Town ad hoc subcommittee and/or Town Council. Not-to-Exceed Budget: $4,500 Estimate of Hours: Fifteen All work under this Task Order No. 3 shall be made in accordance with the terms of the Agreement for Professional Services between Town of Tiburon and Sperry Capital Inc., dated August 14, 2017 and any Exhibits thereto. We hope this letter meets with your understanding of the work we are to provide. Please confirm that this letter reflects the requested project by signing and returning a scanned copy of this letter by email. Thank you. Yours truly, Approved: Town of Tibu- n "Lt an s H. Gibbs Principal ` igibbsasperrycapital.com / Its: Martha J. Vu*ovich Principal Date: mvuiovich(:(�,sper►-ycapital.com SPERR-1 ACORL�" CERTIFICATE OF LIABILITY INSURANCE FDATE(MM/DD/YY-YY) `Ii. � 08/09/2017 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). PRODUCER 415-887-9486 CONTACT Samantha Fazio Hawser Marine Insuranc Srvc. I PHONE FAX 3030 Bridgeway Suite 125 (A/C,Nq,Ext:415-887-9486 (A c,Ne):415-223-8557 Sausalito, CA 94965 E-MAIL sam@hawserins.com Samantha Fazio �AD�aE��� -- _______ INSURER(S)AFFORDINGCOVERAGE NAIC#_ _ _ INSURERA:Technology Insurance Company INSUREDprY p INSUREDSperry Capital, Inc. INSURER B Travelers Insurance Co. _ Three Harbor Drive, Ste 101 __- Sausalito,CA 94965 INSURER C:Scottsdale Insurance Co. INSURER D: ----_..____. --__.--.------ -_--- --_ INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: 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. INSR I TP TYPE OF INSURANCE ADDL SUBR, pOLICYNUMBER POLICY EFF POLICY EXP LIMITS B X COMMERCIAL GENERAL LIABILITY ( EACH OCCURRENCE $ 1,000,000 TO CLAIMS-MADE X OCCUR 680-7J466284-17-42 08/09/2017 08/09/2018 DAMAGEa(RENTED 300,000 __.._.._...._..._ X PREMISES(Ea occurrence) $ MED EXP(Any oneperson)__ $ 5'000 PERSONAL&ADV INJURY $ 1,000'000 GENT AGGREGATE LIMITAPPLIES PER: GENERAL AGGREGATE $ 2'000'000 POLICY PRO- LOC PRODUCTS-COMP/OP AGG $ 2,000,000 JECT _ OTHER: Deduct. $ 500 B _AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT _AU. (Ea accident) $ _ ANY AUTO X TBD 08/09/2017 08/09/2018 BODILY INJURY Ler person)_ _$ OWNED SCHEDULED AUTOS ONLY AUTOS BODILY INJURY(Per X HIRED NON-OWNED :l PROPERTY DAMAGE AUTOS ONLY AUTOS ONLY $ $ B X UMBRELLA LIAB OCCUR EACH OCCURRENCE $ 10,000,000 EXCESS LIAB X CLAIMS-MADE CUP-7J466782-17-42 08/09/2017 08/09/2018 AGGREGATE $ 10'000'000 DED RETENTION$ Is A WORKERS COMPENSATIONPER OTH- AND EMPLOYERS'LIABILITY X STAT_LJ.TE ER _ Y/N TWC3632063 04/20/2017 04/20/2018 1,000,000 ANY PROPRIR/P /EXECUTIVE ❑ E.L.EACH ACCIDENT $ OFFICER/MEMMBB ER EXCLUDED? N/A _- (Mandatory in NH) E.L.DISEASE-EA EMPLOYE_ $ _ 1'000'000 -- ff yes,describe under 1,000,000 DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $ C Professional Liab. !FNS0004559-CA-08-12 08/09/2017 08/09/2018 Limit 2,000,000 i I I DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES (ACORD 101,Additional Remarks Schedule,may be attached if more space is required) The Town of Tiburon, its Officials and Employees are added as additional insureds, regarding the general liability policy, as required by written agreement,as respects the work performed by the named insured.This insurance is primary and non-contributory. 30 day NOC. Evidence of CA WC coverage as per statute. CERTIFICATE HOLDER CANCELLATION TOWNTIB SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. Town of Tiburon Greg Chanis 1505 Tiburon Blvd. AUTHORIZED REPRESENTATIVE Tiburon, CA 94920 I ~ ACORD 25(2016/03) ©1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD