16-0621_PFM ASSET MANAGEMENT, LLC_Personal Services Agreement Second AmdAMENDMENT NO.2
TO THE PERSONAL SERVICES AGREEMENT
BETWEEN
THE CITY OF SAN JUAN CAPISTRANO
AND
PFM ASSET MANAGEMENT LLC
Parties and Date.
This Amendment No. 2 to the Personal Services Agreement is made and entered
into as of this 9'\y of June, 2016, by and between the City of San Juan Capistrano, a
municipal organization organized under the laws of the State of California with its principal
place of business at 32400 Paseo Adelanto, San Juan Capistrano, California 92675 ("City")
and PFM Asset Management, a Limited Liability Company with an office at 601 South
Figueroa, Suite 4500 Los Angeles, CA 90017 ("Consultant"). City and Consultant are
sometimes individually referred to as "Party" and collectively as "Parties."
Recitals.
Whereas, the City and Consultant have entered into an agreement entitled "Personal
Services Agreement" dated June 4, 2013 (the "Original Agreement") for the purpose of
retaining the services of Consultant to provide investment management services. The
Parties have heretofore entered into that First Amendment to Personal Services Agreement
dated April 7, 2015 (the "First Amendment," and with the Original Agreement, the "Existing
Agreement"), to extend the term through June 30, 2016.
Whereas, the City and Consultant desire to hereby amend the Existing Agreement to
extend the contract term.
Now therefore, in consideration of the promises and mutual covenants contained
herein, the City and Consultant agree to amend the Agreement as follows:
1. Section 2 of the Existing Agreement is hereby amended and restated in its
entirety to read as follows:
Section 2. Term
This Agreement shall commence on the effective date and shall terminate,
and all services required hereunder shall be completed, no later than June 30. 2018.
2. Continuing Effect of Agreement. Except as amended by this Amendment No.
2, all other provisions of the Existing Agreement remain in full force and effect and shall
govern the actions of the parties under this Amendment No. 2. From and after the date of
this Amendment No. 2, whenever the term "Agreement" appears in the Agreement, it shall
mean the Existing Agreement as amended by this Amendment No. 2.
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3. Adequate Consideration. The Parties hereto irrevocably stipulate and agree
that they have each received adequate and independent consideration for the performance
of the obligations they have undertaken pursuant to this Amendment No. 2.
4. Severability. If any portion of this Amendment No. 2 is declared invalid,
illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining
provisions shall continue in full force and effect.
[Signatures on Next Page]
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SIGNATURE PAGE FOR AMENDMENT NO. 2
TO THE PERSONAL SERVICES AGREEMENT
BETWEEN THE CITY OF SAN JUAN CAPISTRANO
AND PFM ASSETT MANAGEMENT LLC
CITY OF SAN JUAN CAPISTRANO
Approved By:
Bpfijam i ri/^ieg^L^
)ity Manager
ia^Morris, Oitf Clerk
Approved As To Form:
^Jefjpdy S. Ballinger
City Attorney
PFM ASSET MANAGEMENT LLC
Signature
Name
Title
Date
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SIGNATURE PAGE FOR AMENDMENT NO. 2 TO THE PERSONAL SERVICES
AGREEMENT
BETWEEN THE CITY OF SAN JUAN CAPISTRANO
AND PFM ASSETT MANAGEMENT LLC
CITY OF SAN JUAN CAPISTRANO PFM ASSET MANAGEMENT LLC
Approved By:
Benjamin Siegel
City Manager
Date
Attested By.
Maria Morris, City Clerk
Approved As To Form:
Jeffrey S. Ballinger
City Attorney
"gfgriatufe—^
Name
fitie oG
Date
61147.01700\29004562.1
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