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<br />AGREEMENT FOR PROFESSIONAL CONSULTANT SERVICES <br />(DOWNTOWN ENTERTAINMENTIRETAIL STRATEGY) <br /> <br />THIS AGREEMENT is made and entered into this 18th day of June , 1999, by <br />and between the Redevelopment Agency for the City of Riverside, a public entity, hereinafter <br />referred to as "Agency," and Keyser Marston Associates Inc., a corporation, corporate office <br />located at 55 Pacific Avenue Mall, San Francisco, CA 94111 and local office located at 1660 <br />Hotel Circle North, Suite 716, San Diego, CA 92108, hereinafter referred to as "Consultant." <br /> <br />WITNESSETH: <br /> <br />WHEREAS, Agency requires the assistance of a consultant that is experienced in <br />providing economic analysis and financial analysis to public clients and is familiar with the plans <br />of the Agency for a detailed assessment of the Fox Theater and the development of a Downtown <br />EntertainmentlRetail Action Plan; <br /> <br />WHEREAS, Consultant has the necessary experience in providing professional <br />consulting services and advice on various issues affecting the decisions of the Agency staff <br />regarding economic and financial analysis concerning the development of a downtown <br />entertainment and retail district, development agreements and other related development <br />opportunities; and <br /> <br />WHEREAS, Consultant has affirmed its willingness and ability to perform such work; <br /> <br />NOW, THEREFORE, Agency and Consultant agree as follows: <br /> <br />1. Retention of Consultant. Agency retains Consultant to perform, and <br />Consultant agrees to render, those services (hereinafter "the services") defined in Exhibit "A" <br />attached hereto and incorporated herein by this reference in accordance with the terms and <br />conditions set forth herein. <br /> <br />2. Standard of Performance. While performing the services, Consultant shall <br />exercise the reasonable professional care and skill customarily exercised by reputable members <br />of Consultant's profession practicing in the Metropolitan Southern California Area, and shall use <br />reasonable diligence and best judgment while exercising its professional skill and expertise. <br /> <br />3. Term. The term of this Agreement shall be from the date stated above to <br />December 31, 1999, unless earlier terminated as provided herein. <br /> <br />4. Personnel. Consultant shall furnish all personnel necessary to perform the <br />services and shall be responsible for their performance and compensation. Consultant recognizes <br />that the qualifications and experience of the personnel to be used are vital to professional and <br />timely completion of the services. The key personnel listed in Exhibit "B" attached hereto and <br />incorporated herein by this reference and assigned to perform portions of the services shall <br />remain assigned through completion of the services, unless otherwise mutually agreed by the <br />parties in writing, or caused by hardship or resignation in which case substitutes shall be subject <br />to Agency approval. <br /> <br />1 <br /> <br />/./A ~-/ -99 <br />j!/l- /7D <br />