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HomeMy WebLinkAboutMichael S. Brenner, CPAMichael S Brenner, CPA 4-G4. Ol. Ol APPROVED, AS TO AGREEMENT FOR PROFESSIONAL SERVICES FC)R-IJJ BY:i!' THIS AGREEMENT FOR PROFESSIONAL SERVICES ("Agreement"), is hereby made and entered into by and between the City of Cannel, Indiana, acting by and through its Board of Public Works and Safety (hereinafter "City"), and Michael S. Brenner, CPA (hereinafter "Professional"). RECITALS WHEREAS, City owns and is responsible for its public works, which responsibility includes, but is not limited to, the planning, design, construction, operation and maintenance of the City's infrastructure system; and WHEREAS, from time to time, City needs professional services to assist it in fulfilling its foregoing responsibilities; and WHEREAS, Professional is experienced in providing such professional services as are covered by this Agreement; and WHEREAS, City desires to engage Professional as an independent contractor for the purpose of providing to City, on a non-exclusive basis, the professional services referenced herein; and WHEREAS, Professional is qualified and desires to provide City with such professional services. NOW, THEREFORE, in consideration of the foregoing recitals and the covenants and conditions set forth herein, City and Professional mutually agree as follows: SECTION 1. INCORPORATION OF RECITALS The foregoing recitals are hereby incorporated into this Agreement by reference. SECTION 2. SCOPE OF SERVICES 2.1 City desires to engage Professional as an independent contractor for the professional services ("Services") set forth in attached Exhibit A, which is incorporated herein by this reference. Professional desires to provide the Services to City. 2.2 Professional acknowledges that it has read and understands this Agreement, and that Professional' s execution of same constitutes its acceptance of all Agreement terms and conditions. P.O. W03775 Acct. Water 01.1830.00 Contract Amount - $15,000.00 Michael S. Brenner, CPA U'tilities Dept. - 2001 2.3 Professional understands and agrees that City may, from time to time, request Professional, on a non-exclusive basis, to provide additional professional services, the scope of which shall be as requested and defined by the Mayor or his duly authorized representative. When City desires additional services from Professional, the Mayor or his duly authorized representative shall notify Professional and set forth the scope of such additional services desired, as well as the time frame in which such services are to be rendered. Professional shall then provide, at no cost to City, a time and cost estimate for such additional services. Only after City has approved Professional's time and cost estimate shall Professional be authorized to commence such additional services, the description of which shall be set forth in documents which shall be numbered and attached hereto in the order approved. 2.4 Professional understands and agrees that City reserves the right, at any time, to direct Professional to make changes in the Services and/or additional services provided, or to otherwise change the scope of the work covered by this Agreement, and Professional agrees to promptly make such changes. Any difference in price or time of performance resulting from such changes shall be equitably adjusted by City and Professional after receipt of documentation from Professional in such form and detail as City may require. 2.5 Professional expressly warrants that all Services and/or additional services covered by this Agreement will conform to the specifications, samples, instructions, and/or descriptions furnished to City by Professional or by Professional to and accepted by City, and that such Services and/or additional services will be performed in a timely manner, in a good and workmanlike manner and free from defects. 2.6 Professional acknowledges and agrees that it knows of City's intended use and expressly warrants that all Services and/or additional services provided pursuant to this Agreement will be fit and sufficient for the particular purposes intended by City. 2.7 Time is of the essence of this Agreement. SECTION 3. CITY'S RESPONSIBILITIES 3.1 City shall provide such criteria and information as are reasonably necessary for Professional to understand the Services and/or additional services requested and to provide a time and cost estimate thereon. 3.2 Once City has accepted Professional's time and cost estimate for the Services and/or additional services, City shall: 3.2.1 Furnish to Professional, upon request, such studies, reports and other available data in City's possession as City considers reasonably pertinent to the Services and/or additional services to be provided; and 3.2.2 Arrange for Professional to enter upon public and private property as reasonably required for Professional to perform the Services and/or additional services; and 3.2.3 Make reasonably available to Professional for consultation, as needed, such individuals as are necessary for Professional to provide the Services and/or additional services tD City. Michael S Brenner, CPA 3.3 City shall designate the Mayor or his duly authorized representative to act on City's behalf on all matters regarding the Services and/or additional services. SECTION 4. PROFESSIONAL'S RESPONSIBILITIES 4.1 Professional shall provide to City, within five (5) business days after City requests same, a written time and cost estimate for the Services and/or additional services requested by City to be performed by Professional. 4.2 Once City has accepted Professional's time and cost estimate for Services and/or additional services, they shall be performed pursuant to the terms of this Agreement, within such time and cost estimate, and pursuant to any other terms and conditions set forth or referenced herein. 4.3 Professional shall coordinate its performance with the Mayor or his duly authorized representative pursuant to a mutually agreeable schedule and/or as circumstances dictate. 4.4 Professional shall provide the Services and/or additional services by following and applying at all times the highest professional and technical standards. SECTION 5. COMPENSATION 5.1 As full and complete compensation for the Services performed by Professional hereunder, and subject to the terms and conditions contained in this Agreement, City shall pay Professional as set forth in attached Exhibit A. 5.2 Professional estimates that the total price for the Services to be provided to City hereunder per year shall be no more than Fifteen Thousand Dollars ($15,000.00). Professional shall submit an invoice to City no more than once every thirty (30) days for Services and/or additional services provided City during the time period encompassed by such invoice. Invoices shall be submitted on a form containing the same information as that contained on the Professional Services Invoice attached hereto as Exhibit B, which is incorporated herein by this reference. City shall pay Professional for all undisputed Services and/or additional services rendered and stated on such invoice within sixty (60) days after the date of City's receipt of same. If the undisputed portion of an invoice amount is not timely paid, then a late charge in a sum equal to one percent (1%) of such unpaid and undisputed invoice amount shall accrue and be due and payable by City to Professional as a separate debt for each month same remains unpaid. 5.3 Professional agrees to provide City, in writing, and within fifteen (15) days of City's request for same, with Professional's estimate ("Estimate") of the total cost for the Services and/or additional Services to be provided by Professional to City under this Agreement during the time period requested. Professional agrees not to provide any Services and/or additional Services to City during the time period covered by an Estimate that would cause the total cost of the Services and/or additional Services provided by Professional to City hereunder during such time period to exceed the Estimate, unless City has previously agreed, in writing, to pay an amount in excess thereof. Michael S. Brenner, CPA Utilities Dept. - 2001 5.4 City, in its sole discretion, may agree to pre-pay all or any portion of the compensation to be paid Professional as a result of its provision of the Services and/or additional services hereunder, which pre-payment shall be expressly contingent upon and subject to an accounting and reconciliation by and between the parties at such time as such Services and/or additional services are fully performed, this Agreement is terminated and/or upon City's request. Professional agrees to immediately disgorge to City any prepayment amount it has received from City for Services and/or additional services that are disputed by City and/or which constitutes an overpayment for same. 5.5 If additional professional services are required and Professional wishes to hire an outside source for the performance of same, Professional shall so notify City, in advance of the engagement of such outside source, with an explanation of the need and qualifications of same. If City consents to such outside source, which consent shall not be unreasonably withheld, City shall reimburse Professional for the actual cost of same, which reimbursement sum shall be subtracted from the amount of compensation due Professional from City hereunder. Professional understands and agrees that any and all outside sources so hired shall be employees or contractors of Professional only. Professional warrants and indemnifies City for and from any and all costs, fees, expenses and/or damages incurred by City as a direct or indirect result of the use by Professional of an outside source. This indemnification obligation shall survive the termination of this Agreement. SECTION 6. TERM Subject to the termination provisions set forth in Section 7.1 hereinbelow, this Agreement shall be in effect from the Effective Date through December 31, 2001, and shall thereafter, on the first day of January in each subsequent year, automatically renew for a period of one ( 1 ) year. SECTION 7. MISCELLANEOUS 7.1 Termination. 7.1.1 The obligation to provide all or any portion of the Services and/or additional services under this Agreement may be terminated by City or Professional without cause upon thirty (30) days notice to the other party. 7.1.2 The obligation to provide all or any portion of the Services and/or additional services under this Agreement may be terminated by City for cause, or upon City's failure to appropriate monies sufficient to pay for same, immediately upon Professional's receipt of City's "Notice To Cease Services." 7.1.3 In the event of full or partial Agreement termination, and as full and complete compensation hereunder, Professional shall be paid for all such Services and/or additional services rendered and expenses incurred as of the date of termination of same that are not in dispute, except that such payment amount shall not exceed the Estimate amount in effect at the time of termination, unless the paxties have previously agreed in writing to a greater amount. Disputed compensation amounts shall be resolved as allowed by law. MIchael S Brenner, CPA Unlitjes Dept - 2001 7.2 Bindin~ Effect. City and Professional, and their respective officers, officials, agents, partners, successors, executors, administrators, assigns and legal representatives are bound to the other and to its officers, agents, partners, successors, executors, administrators, assigns and legal representatives, in all respects as to all covenants, agreements and obligations of this Agreement. 7.3 No Third Party Beneficiaries. Nothing contained herein shall be construed to give any rights or benefits hereunder to anyone other than City and/or Professional. 7.4 Relationship. The relationship of the parties hereto shall be as provided for in this Agreement, and neither Professional nor any of its agents, employees, contractors, subcontractors or outside sources are or shall become employees of City. Furthermore, Professional shall have the sole responsibility to pay to or for its agents, employees, contractors, subcontractors and outside sources all statutory, contractual and other benefits and/or obligations as they become due, and City shall not be responsible for same. Rather, the compensation to be paid hereunder by City to Professional shall be the full and maximum amount of compensation and monies required of City to be paid to Professional hereunder. Professional hereby warrants and indemnifies City for and from any and all costs, fees, expenses and/or damages incurred by City as a direct or indirect result of any statutory, contractual or other claim for wages, benefits or otherwise by any agent, employee, outside source, contractor or subcontractor of Professional regarding or related to the subject matter of this Agreement. This indemnification obligation shall survive the termination of this Agreement. 7.5 Insurance. Professional shall procure and maintain, with an insurer licensed to do business in the State of Indiana and reasonably acceptable to City, such insurance as is necessary for the protection of City and Professional from all claims under workers' compensation, occupational disease and/or unemployment compensation acts, because of errors and omissions, because of bodily injury, including, but not limited to, the personal injury, sickness, disease or death of any of Professional's employees, agents, contractors, subcontractors or outside sources, and/or because of injury to or destruction of property, including, but not limited to, any loss of use resulting therefrom. The coverage amounts shall be no less than those amounts set forth on attached Exhibit C. Professional shall cause its insurers to name City as an additional insured on all such insurance policies (except on its Professional Responsibility Insurance policy), shall, upon request, provide City with copies of all such policies, and shall provide that such policies will not be canceled without thirty (30) days prior notice to City. Michael S Brenner, CPA 0tilitjes Dept - 2001 7.6 Liens. Professional shall not cause or permit the filing of any lien on any of City's property. In the event such a lien is filed of record and Professional fails to remove it within ten (10) days after the date of filing thereof, by payment or bonding, City shall have the right to pay such lien or obtain such bond, all at Professional's sole cost and expense. Professional shall indemnify and hold harmless City from and against any and all liabilities, losses, claims, costs, attorney fees, expenses and/or damages incurred by City in connection with any such lien or the removal thereof. This indemnification obligation shall survive the termination of this Agreement. 7.7 Default. In the event Professional: (a) repudiates, breaches or defaults under any of the terms or conditions of this Agreement, including Professional's warranties; (b) fails to perform the Services and/or additional services as specified; (c) fails to make progress so as to endanger timely and proper completion of the Services and/or additional services and does not correct such failure or breach within five (5) business days (or such shorter period of time as is commercially reasonable under the circumstances) after receipt of notice from City specifying such failure or breach; or (d) becomes insolvent, files, or has filed against it, a petition for receivership, makes a general assignment for the benefit of creditors or dissolves, each such event constituting an event of default hereunder, City shall have the right to, among other things: (1) terminate all or any part of this Agreement, without liability to Professional; (2) perform or obtain, upon such terms and in such manner as it deems appropriate in its sole discretion, the Services and/or additional services which were to be provided by Professional and Professional shall be liable to City for any excess costs to City in performing or obtaining same; and/or (3) exercise any other right or remedy available to City at law or in equity. 7.8 Government Compliance. Professional agrees to comply with all present and future federal, state and local laws, executive orders, roles, regulations, codes and ordinances which may be applicable to Professional's performance of its obligations under this Agreement, and all relevant provisions thereof are incorporated herein by this reference. Professional agrees to indemnify and hold harmless City from any and all losses, damages, costs, attorney fees and/or liabilities resulting from any violation of such law, order, rule, regulation, code or ordinance. This indemnification obligation shall survive the termination of this Agreement. 7.9 Indemnification. Professional shall indemnify and hold harmless City and its officers, officials, employees, agents, assigns and legal representatives from any and all losses, liabilities, claims, judgments and liens~ including, but not limited to, all damages, costs, expenses and attorney fees arising out of any intentional or negligent act or omission of Professional and/or any of its employees, agents, outside sources, contractors or subcontractors in the performance of this Agreement, and shall, at Professional's own expense, satisfy and cause to be discharged such judgement(s) as may be obtained against City as a result of same. The failure to do so shall constitute a material breach of this Agreement. This indemnification obligation shall survive the termination of this Agreement. Mschael S Brenner, CPA Utilit)es Dept. - 2001 7.10 Discrimination Prohibition. Professional represents and warrants that it and each of its employees, agents, contractors, subcontractors and outside sources shall comply with all existing and future laws of the United States, the State of Indiana and City prohibiting discrimination against any employee, applicant for employment and/or other person in the subcontracting of work and/or in the performance of any Services and/or additional services contemplated by this Agreement with respect to hire, tenure, terms, conditions or privileges of employment or any matter directly or indirectly related to employment, subcontracting or work performance hereunder because of race, religion, color, sex, handicap, national origin, ancestry, age, disabled veteran status or Vietnam era veteran status. City reserves the right to collect a penalty as provided in IC 5-16-6-1 for any person so discriminated against. This indemnification obligation shall survive the termination of this Agreement. 7.11 Severability. If any provision or portion of this Agreement is held to be invalid, illegal or unenforceable by a court of competent jurisdiction, that provision or portion thereof shall be stricken, and all other provisions of this Agreement which can operate independently of such stricken provision shall continue in full force and effect. 7.12 Notice. Any notice, invoice, order or other correspondence required or allowed to be sent pursuant to this Agreement shall be written and either hand-delivered or sent by prepaid U.S. certified mail, return receipt requested, addressed to the parties as follows: CITY: PROFESSIONAL: City of Carmel One Civic Square Carmel, IN 46032 ATTN: John Duffy (with a copy to the City Attorney, Department of Law, same address) Michael S. Brenner, CPA 6919 E. 10th St., Suite C-2 Indianapolis, IN 46219 Notwithstanding the above, City may orally provide to Professional any notice required or permitted by this Agreement, provided that such notice shall also then be sent as required by this paragraph within ten (10) business days from the date of such oral notice. 7.13 Effective Date. The effective date ("Effective Date") of this Agreement shall be the date on which the last of the parties hereto executes same. Michael S Brenner, CPA C/tilit!es Dept. - 2001 7.14 Governing Law; Lawsuits. This Agreement shall be govemed by and construed in accordance with the laws of the State of Indiana, except for its conflict of laws provisions, as well as by all ordinances and codes of the City of Cannel, Indiana. The parties agree that, in the event a lawsuit is filed hereunder, they waive any rights to a jury trial they may have, agree to file any such lawsuit in an appropriate court in Hamilton County, Indiana only, and agree that such court is the appropriate venue for and has jurisdiction over same. 7.15 Waiver. Any delay or inaction on the part of either party in exercising or pursuing its rights and/or remedies hereunder or under law shall not operate to waive any such rights and/or remedies nor in any way affect the rights of such party to require such performance at any time thereafter. 7.16 Non-Assignment. Professional shall not assign or pledge this Agreement, whether as collateral for a loan or otherwise, and shall not delegate its obligations under this Agreement, without City's prior consent. 7.17 Entire Agreement. This Agreement contains the entire agreement of and between the parties hereto with respect to the subject matter hereof, and no prior agreement, understanding or representation pertaining to such subject matter, written or oral, shall be effective for any purpose. No provision of this Agreement may be mended, added to or subtracted from except by an agreement in writing signed by both parties hereto and/or their respective successors in interest. To the extent any provision contained in this Agreement conflicts with any provision contained in any exhibit attached hereto, the provision contained in this Agreement shall prevail. 7.18 Representation and Warranties. Each party hereto represents and warrants that it is authorized to enter into this Agreement and that any person or entity executing this Agreement on behalf of such party has the authority to bind such party or the party which they represent, as the case may be. 7.19 Headings. All headings and sections of this Agreement are inserted for convenience only and do not form a part of this Agreement nor limit, expand or otherwise alter the meaning of any provision hereof. 7.20 Advice of Counsel. The parties warrant that they have read this Agreement and understand it, have had an opportunity to obtain the advice and assistance of counsel throughout the negotiation of this Agreement, and enter into same freely, voluntarily, and without any duress, undue influence or coercion. Michael S. Brenner, CPA t)ti/it!es Dept - 2001 IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement as follows: CITY OF CARMEL, INDIANA by and through its Board of Public Works and Safety Michael S. Brenner, CPA 6919 E. 10th Street, Suite C-2 Indianapolis, IN 46219 BY: ar _Pr~ s_idin Officer Billy Walker, Member Date: BY: Aut~tu~r~ Printed Name: Title: FID/SSN: Date: MICHAEL S. BRENNER CPA Utili~, Rates and Financial ,4dvisory Services 6919 E. 10~h Street, Suite C-2 Indianapolis, lndiana 46219 Phone(317) 353-6995 * Fax(317)353-8134 February 12, 2001 City of Carmel, Indiana Board of Public Works and Safety One Civic Square Carmel, IN. 46032 Gentlemen and Madame: I am submitting herein my "Engagement Agreement" concerning employment by the City of Carmel ("Client") to provide Financial and Regulatory advisory services in connection with a proposed purchase of selected Indianapolis Water Company ("IWC") customers. SCOPE OF SERVICES I) Financial and Regulatory Advisory Services include, but are not limited to: · Analysis of physical and financial operations of the selected IWC customers~ · Determination of original cost depreciated of IWC investment used to provide service to selected IWC customers, · Projections ofrevenues related to selected customers, · Determination and recommendation ofcost to purchase selected customers, · Projections of revenues in connection with projected growth, · Meeting, discussions and conferences with all Carmel officials and all other Consultants, · Meetings and presentations to all parties at direction of Mayor, Board and/or Council with explanation of findings and recommendations, · Preparation of formal written feasibility report with final recommendations, CONSULTANTS' COMPENSATION The hourly fee proposed for the aforementioned Financial and Regulatory Advisory Services is $90 per hour plus out of pocket costs. The total fee is estimated to be in a range of $10,000 to $15,000. The fee is estimated in a range to attempt to take into account future events that may increase or decrease time and expense involved with the performance of services. In the event that the time expended and expenses incurred are less than $10,000 the Client will be billed the lesser amount. Bills to be rendered monthly. · ** : BRENNER Engagement Agreement - Continued In order to execute this agreement, please sign and date of copy this letter provided for such purpose, and return it to me. Sincerely, MichaelS. BrennerCPA If you concur with the aforementioned agreement, please sign below and return a copy to me within 60 days of the date of this proposed agreement: CITY OF CARMEL By: Name/Title Date Name of Company: Address & Zip: Telephone No.: Fax No.: EXHIBIT B Professional Services Invoice Date: Project Name: Invoice No: Person Performing Service Service Services Provided Hourly Hours Date (Describe in detail in one-Rate Worked tenth hour units) Total GRAND TOTAL Signature Printed Name EXHIBIT C INSURANCE COVERAGES Worker's Compensation & Disability Employer's Liability: Bodily Injury by Accident: Bodily Injury by Disease Bodily Injury by Disease Property damage, contractual liability, products-completed operations: General Aggregate Limit (other than Products/Completed Operations): Products/Completed Operations: Personal & Advertising Injury Limit: Each Occurrence Limit: Fire Damage (any one fire): Medical Expense Limit (any one person): Comprehensive Auto Liability Owned, hired and non-owned Bodily Single Limit: injury and property damage Umbrella Excess Liability Each occurrence and aggregate Maximum Deductible Professional Responsibility Insurance: Statutory Limits $ i00,000 each accident $ 500,000 policy limit $100,000 each employee $ 500,000 $ 500,000 $ 500,000 $ 500,000 $ 50,000 $ 5,000 each accident $ 50O,O00 $ 500,000 $ 10,000 Per Occurrence: $ 500,000 Aggregate: $ 500,000 MICHAEL S. BRENNER CPA Utili(y Rates and Financial Acbiso~, Services 6919 E. 10th Street, Suite C-2 lndianapol is, Indiana 46219 Phone(317)353-6995 * Fax(317) 353-S134 February 12, 2001 City of Carmel. Indiana Board of Public Works and Safety One Civic Square Carmel. IN. 46032 Gentlemen and Madame: I am submitting herein my "Engagement Agreement" conceming employment by the City of Carmel ("Client") to provide Financial and Regulatory advisory services in connection with a proposed purchase of selected Indianapolis Water Company CIWC') customers. SCOPE OF SERVICES I) Financial and Regulatory Advisory Services include, but are not limited to: · Analysis of physical and financial operations of the selected IWC customers, · Determination of orig!nal cost depreciated of IWC investment used to provide service to selected IWC customers, · Projections of revenues related to selected customers, · Determination and recommendation of cost to purchase selected customers. · Projections ofrevenues in connection with projected growth, · Meeting, discussions and conferences with all Carmel officials and all other Consultants, · Meetings and presentations to all parties at direction of Mayor. Board and/or Council with explanation of findings and recommendations, · Preparation of formal written feasibility report with final recommendations, CONSULTANTS' COMPENSATION The hourly fee proposed for the aforementioned Financial and Regulatory Advisory Services is $90 per hour plus out of pocket costs. The total fee is estimated to be in a range of $10,000 to $15,000. The fee is estimated in a range to attempt to take into account future events that may increase or decrease time and expense involved with the performance of services. In the event that the time expended and expenses incurred are less than $10,000 the Client will be billed the lesser amount. Bills to be rendered monthly. BRENNER Engagement Agreement - Continued In order to execute this agreement, please sign and date of copy this letter provided for such purpose, and return it to me. Sincerely, Michael S. Brenner CPA If you concur with the aforementioned agreement, please sign below and return a copy to me within 60 days of the date of this proposed agreement: CITY OF CARMEL By: Name/Title Date