This contract is for financial consulting services related to the Low-Income Housing Tax Credit program. The contractor will provide services such as negotiating with funders, preparing financing projections, and assisting with the application process. The contract term is three years, with the option to renew for two additional one-year periods. The total service fee is anticipated to be $246,572. The key aspects of this contract include the scope of services, compensation, and term. The contractor will provide financial consulting services to the City of Tucson, and the contract will be governed by the laws of the State of Arizona.
• The contract includes provisions for insurance, indemnification, and termination.
• The contractor is required to maintain certain insurance policies, including commercial general liability and workers' compensation.
• The contract includes a provision for the contractor to indemnify the City of Tucson against certain claims and damages.
• The contract can be terminated by either party with written notice.
• The contractor is required to comply with all applicable laws and regulations, including those related to equal employment opportunity and affirmative action.