The City of Tucson has entered into a Treasury Consulting Services Agreement with PFM Group Consulting LLC to provide treasury management consulting services. The contract has a term of one year with automatic renewal for additional one-year periods, unless terminated in writing by either party upon thirty days' written notice. The contract includes provisions for compensation, expenses, and insurance requirements. The City of Tucson will pay the Advisor a total of $65,000 in two installments, with additional fees for implementation services and out-of-pocket expenses. The contract also includes provisions for termination, force majeure, and indemnification. Key aspects of the contract include:
• The contract is for treasury management consulting services
• The contract term is one year with automatic renewal
• The total contract value is $65,000
• The contract includes provisions for implementation services and out-of-pocket expenses
• The contract requires the Advisor to maintain insurance coverage and provide certificates of insurance
• The contract includes provisions for termination, force majeure, and indemnification