2020 Data Ticket - Administrative Citation Processing (Dec)MEMORANDUM
DATE: June 18, 2020
TO: Chris Escobedo, Community Resources Director
FROM: Jaime Torres, Community Resources Analyst
RE: DataTicket – Short-form services agreement 1 to process the City’s
administrative citations.
Please list the Contracting Party / Vendor Name, type of agreement to be executed, including any change orders or
amendments, and the type of services to be provided. Make sure to list any related Project No. and Project Name.
Authority to execute this agreement is based upon:
N/A Approved by City Council on ___________________________________________
N/A City Manager’s signing authority provided under the City’s Purchasing Police
[Resolution No. 2019-021] for budget expenditures of $50,000 or less.
X Department Director’s or Manager’s signing authority provided under the City’s
Purchasing Policy [Resolution No. 2019-021] for budget expenditures of $15,000 and
$5,000, respectively, or less.
Procurement Method (one must apply):
___ Bid _X_ RFP ___ RFQ ___ 3 written informal bids
___ Sole Source ___ Select Source ___ Cooperative Procurement
Requesting department shall check and attach the items below as appropriate:
X Agreement payment will be charged to Account No.: _101-6004-60111____
X Amount of Agreement, Amendment, Change Order, etc.: $8,000.00
REMINDER: Signing authorities listed above are applicable on the aggregate Agreement amount,
not individual Amendments or Change Orders!
X Insurance certificates as required by the Agreement for Risk Manager approval
Approved by: Monika Radeva______________________ Date: June 4, 2020
N/A Bonds (originals) as required by the Agreement (Performance, Payment, etc.)
N/A Conflict of Interest Form 700 Statement of Economic Interests from Consultant(s)
NOTE: Review the “Form 700 Disclosure for Consultants” guidance to determine if a Form 700 is
required pursuant FPPC regulation 18701(2)
X Business License No. LIC-768718; Expires: 4/31/2021
X Requisition for a Purchase Order has been prepared (Agreements over $5,000)
1
CITY OF LA QUINTA
SHORT-FORM SERVICES AGREEMENT
($25,000 OR LESS)
1.PARTIES AND DATE. This Agreement is made and entered into this X day of June, 2020,
(“Effective Date”) by and between the City of La Quinta, a Municipal Corporation and Charter
City organized under the Constitution and laws of the State of California with its principal
place of business at 78-495 Calle Tampico, La Quinta, CA (“City”) and Data Ticket, a California
Limited Liability Corporation with its principal place of business at 2603 Main Street, Suite
300, Irvine, California 92614 (“Vendor”). City and Vendor are sometimes individually
referred to as “Party” and collectively as “Parties” in this Agreement.
2.TERMS AND CONDITIONS. The Parties shall comply with the terms and conditions in the
attached Exhibit “A.”
3.SCOPE AND SCHEDULE OF SERVICES. Vendor shall provide to City the services pursuant to
the date(s) and schedule(s) described in accordance with the schedule set forth in Exhibit
“B.”
4.TERM. The term of this Agreement shall be from July 1 to December 31, 2020, unless
earlier terminated as set forth in the attached Terms and Conditions. This Agreement may
not extend beyond a period of five (5) years, unless under the City’s Fiscal Policies and
Procedures this Agreement is exempt from the five (5) year limitation.
5.COMPENSATION. Vendor shall receive compensation for services rendered under this
Agreement at the rates and schedule set forth in the attached Exhibit “C” but in no event
shall Vendor’s compensation exceed Eight-Thousand Dollars ($8,000.00) per fiscal year (July
1 to June 30) without written amendment.
6.FORCE MAJEURE. The time period specified for performance of the services rendered
pursuant to this Agreement shall be extended because of any delays due to unforeseeable
causes beyond the control and without the fault or negligence of Vendor including, but not
restricted to, acts of God or of the public enemy, fires, earthquakes, floods, epidemic,
quarantine restrictions, riots, strikes, freight embargoes, acts of any governmental agency
other than City, and unusually severe weather, if Vendor shall within ten (10) days of the
commencement of such delay notify the City in writing of the causes of the delay. The City
shall ascertain the facts and the extent of delay and extend the time for performing the
Services for the period of the forced delay when and if in their judgment such delay is
2
justified, and the City’s determination shall be final and conclusive upon the parties to this
Agreement. Extensions to time periods for performance of services, which are determined
by the City to be justified pursuant to this Sectio n, shall not entitle the Vendor to additional
compensation unless City expressly agrees to an increase in writing.
7. INSURANCE. In accordance with Section 4 of Exhibit “A,” Vendor shall, at its expense,
procure and maintain for the duration of the Agreement such insurance policies as checked
below and provide proof of such insurance policies to the City. Vendor shall obtain policy
endorsements on Commercial General Liability Insurance that name Additional
Insureds as follows: The City of La Quinta, its officers, officials, employees and
agents.
Commercial General Liability Insurance:
$1,000,000 per occurrence/$2,000,000 aggregate OR
X $2,000,000 per occurrence/$4,000,000 aggregate
X Additional Insured Endorsement naming City of La Quinta (above)
X Primary and Non-Contributory Endorsement
Automobile Liability:
X $1,000,000 combined single limit for bodily injury and property damage.
Workers’ Compensation:
Statutory Limits / Employer’s Liability $1,000,000 per accident or disease
X Workers’ Compensation Endorsement with Waiver of Subrogation
Professional Liability (Errors and Omissions):
X Errors and Omissions liability insurance with a limit of not less than
$1,000,000
per claim
A-1
EXHIBIT “A”
TERMS AND CONDITIONS
1. Compensation. Vendor shall be paid on a
time and materials or lump sum basis, as may
be set forth in Exhibit “C”, within 30 days of
completion of the Work and approval by the
City.
2. Compliance with Law. Vendor shall comply
with all applicable laws and regulations of the
federal, state and local government. Vendor
shall assist the City, as requested, in obtaining
and maintaining all permits required of Vendor
by Federal, State and local regulatory agencies.
Vendor is responsible for all costs of clean up
and/or removal of hazardous and toxic
substances spilled as a result of his or her Work.
3. Standard of Care. The Vendor shall perform
the Work in accordance with generally accepted
professional practices and principles and in a
manner consistent with the level of care and
skill ordinarily exercised by members of the
profession practicing under similar conditions.
4. Insurance. The Vendor shall take out and
maintain, during the performance of all work
under this Agreement: A. Commercial General
Liability Insurance in the amounts specified in
Section 7 of the Agreement for bodily injury,
personal injury and property damage, at least
as broad as Insurance Services Office
Commercial General Liability coverage
(Occurrence Form CG 0001), and if no amount
is selected in Section 7 of the Agreement, the
amounts shall be $1,000,000 per
occurrence/$2,000,000 aggregate; B.
Automobile Liability Insurance for bodily injury
and property damage including coverage for
owned, non-owned and hired vehicles, of at
least $1,000,000 per accident for bodily injury
and property damage, at least as broad as
Insurance Services Office Form Number CA
0001 (ed. 6/92) covering automobile liability,
Code 1 (any auto); C. Workers’ Compensation
in compliance with applicable statutory
requirements and Employer's Liability Coverage
of at least $1,000,000 per accident or disease.
Vendor shall also submit to City a waiver of
subrogation endorsement in favor of city, and
D. Professional Liability (Errors and Omissions)
coverage, if checked in section 6 of the
Agreement, with a limit not less than
$1,000,000 per claim and which shall be
endorsed to include contractual liability.
Insurance carriers shall be authorized by the
Department of Insurance, State of California, to
do business in California and maintain an agent
for process within the state. Such insurance
carrier shall have not less than an "A"; "Class
VII" according to the latest Best Key Rating
unless otherwise approved by the City.
5. Indemnification. The Vendor shall indemnify
and hold harmless the City, its Council,
members of the Council, agents and employees
of the City, against any and all claims, liabilities,
expenses or damages, including responsible
attorneys’ fees, for injury or death of any
person, or damage to property, or interference
with use of property, or any claim of the Vendor
or subcontractor for wages or benefits which
arise in connection with the performance of this
Agreement, except to the extent caused or
resulting from the active negligence or willful
misconduct of the City, its Council, members of
the Council, agents and employees of the City.
The foregoing indemnity includes, but is not
limited to, the cost of prosecuting or defending
such action with legal counsel acceptable to the
City and the City’s attorneys’ fees incurred in
such an action.
6. Laws and Venue. This Agreement shall be
interpreted in accordance with the laws of the
State of California. If any action is brought to
interpret or enforce any term of this Agreement,
the action shall be brought in a state or federal
court situated in the County of Riverside, State
of California.
7. Termination. The City may terminate the
services procured under this Agreement by
giving 10 calendar days written notice to
Vendor. In such event, the City shall be
immediately given title and possession to any
original field notes, drawings and specifications,
written reports and other documents produced
or developed for the services. The City shall pay
Vendor the reasonable value of services
completed prior to termination. The City shall
not be liable for any costs other than the
charges or portions thereof which are specified
herein. Vendor shall not be entitled to payment
for unperformed services, and shall not be
entitled to damages or compensation for
A-2
termination of work. Vendor may terminate its
obligation to provide services under this
Agreement upon 30 calendar days' written
notice to the City only in the event of City’s
failure to perform in accordance with the terms
of this Agreement through no fault of Vendor.
8. Agreement Terms. Nothing herein shall be
construed to give any rights or benefits to
anyone other than the City and the Vendor. The
unenforceability, invalidity or illegality of any
provision(s) of this Agreement shall not render
the other provisions unenforceable, invalid or
illegal. Notice may be given or delivered by
depositing the same in any United States Post
Office, certified mail, return receipt requested,
postage prepaid, addressed to the parties to the
addresses set forth in the Agreement. Vendor
shall not assign, sublet, or transfer this
Agreement or any rights under or interest in this
Agreement without the written consent of the
City, which may be withheld for any reason.
Vendor is retained as an independent contractor
and is not an employee of the City. No
employee or agent of Vendor shall become an
employee of the City. The individuals signing
this Agreement represent that they have the
authority to sign on behalf of the parties and
bind the parties to this Agreement. This is an
integrated Agreement representing the entire
understanding of the parties as to those matters
contained herein, and supersedes and cancels
any prior oral or written understanding or
representations with respect to matters covered
hereunder. This Agreement may not be
modified or altered except in writing signed by
both parties hereto.
C-1
EXHIBIT “B”
SCOPE AND SCHEDULE OF SERVICES
Vendor shall provide parking and administrative citation processing, collection
services, including adjudication services for administrative hearings, and all other
services included in Attachment 1 (Fee Proposal Amendment).
C-1
EXHIBIT “C”
COMPENSATION FOR SERVICES
The maximum total compensation to be paid to vendor under this Agreement is not
to exceed Eight-Thousand Dollars ($8,000.00) (Contract Sum). The Contract Sum
shall be paid to Vendor in installment payments made on a monthly basis based on
fees identified under the Fee Proposal Amendment, Option 1, attached hereto as
Attachment 1.
'DWD7LFNHW,QF &LW\RI/D4XLQWD
1HZSRUW%HDFK&$ $GPLQLVWUDWLYH&LWDWLRQ3URFHVVLQJ
2) )HH3URSRVDO$PHQGPHQW
&RQILGHQWLDODQG3URSULHWDU\WR'DWD7LFNHW,QF _3DJH
2QWKHIROORZLQJSDJHVZHKDYHSURYLGHGWKH&LW\RI/D4XLQWDIHHSURSRVDOVWR
SURFHVVWKH&LW\¶V$GPLQLVWUDWLYH&LWDWLRQV
2SWLRQSURYLGHVWKH&LW\ZLWKDVLQJOHIODWIHHIRUDOO$GPLQLVWUDWLYH&LWDWLRQ3URFHVVLQJ
XSWR)UDQFKLVH7D[%RDUGSURFHVVLQJ
2SWLRQSURYLGHVWKH&LW\ZLWKDOHVVH[SHQVLYHXSIURQWFRVWDQGLQGLYLGXDOFRVWVIRU
HDFKVXEVHTXHQWWUDQVDFWLRQ
,QDGGLWLRQZHKDYHSURYLGHG2SWLRQDO6HUYLFHVWKH&LW\PD\ZLVKWRXWLOL]H
)HH'HVFULSWLRQ $GPLQLVWUDWLYH&LWDWLRQ
3URFHVVLQJ)HH
2SWLRQ
&LWDWLRQ3URFHVVLQJDQG&ROOHFWLRQV
0DQXDO&LWDWLRQ
3URFHVVLQJ
(OHFWURQLF&LWDWLRQ
3URFHVVLQJ
VW1RWLFH6HQW1RFKDUJH
'HOLQTXHQW&ROOHFWLRQV1RFKDUJH
RISDLGDPRXQW
)UDQFKLVH7D[%RDUG
3URFHVVLQJ661/RRNXS
SHUXQLTXH661±IURP
SHUXQLTXH661±
IURP
)7%&ROOHFWLRQVRISDLGDPRXQW RISDLGDPRXQW
$GYDQFHG&ROOHFWLRQV
/HJDO$FWLRQ1RW5HTXLUHG
RISDLGDPRXQW RISDLGDPRXQW
$GMXGLFDWLRQ6HUYLFHV
$GMXGLFDWLRQ+ROG
6FDQQLQJRI
'RFXPHQWDWLRQ
1RFKDUJH
'LVSRVLWLRQ(QWU\1RFKDUJH
'LVSRVLWLRQ/HWWHUV1RFKDUJH
+HDULQJ6FKHGXOH/HWWHUV1RFKDUJH
&HUWLILHG/HWWHU)HH
2SWLRQDO
3HU/HWWHU 3HU/HWWHU
+HDULQJ3HUIRUPDQFHKU±IURPSHU
KU
KU±IURP
SHUKU
$VVHVVHGDW&LWDWLRQ'DWH'D\V
x $PLQLPXPIHHRIZLOOEHFKDUJHGRQDPRQWKO\EDVLVLIVHUYLFHVGRQRW
UHDFKWKLVOHYHO
IURP
IURP
$GPLQLVWUDWLYH&LWDWLRQ
3URFHVVLQJ)HH
2SWLRQ1HZ
$77$&+0(17
'DWD7LFNHW,QF &LW\RI/D4XLQWD
1HZSRUW%HDFK&$ $GPLQLVWUDWLYH&LWDWLRQ3URFHVVLQJ
2) )HH3URSRVDO$PHQGPHQW
&RQILGHQWLDODQG3URSULHWDU\WR'DWD7LFNHW,QF _3DJH
7RIXUWKHUSURYLGHGHILQLWLRQVXUURXQGLQJHDFKOLQHLWHPZHKDYHSURYLGHGDGGLWLRQDO
GHWDLOVEHORZDQGRQWKHIROORZLQJSDJHV
0DQXDODQG(OHFWURQLF$GPLQLVWUDWLYH&LWDWLRQ3URFHVVLQJ
Services for the above-mentioned items include:
x'DWDHQWU\RIPDQXDOO\ZULWWHQFLWDWLRQVSHUIRUPHGZLWKLQKRXUVRIUHFHLSW
x4XDOLW\DVVXUDQFHYHULILFDWLRQRIPDQXDOO\HQWHUHGFLWDWLRQV
x6FDQQLQJRIDOOPDQXDOO\ZULWWHQFLWDWLRQVRQWRRXUQHWZRUNIRUVWRUDJHDQGHDVHRI
UHWULHYDO
x%LPRQWKO\VKUHGGLQJRIPDQXDOO\ZULWWHQFLWDWLRQV
x (OHFWURQLFWUDQVIHURIDOOHOHFWURQLFDOO\ZULWWHQFLWDWLRQVUHFRUGLQJVYLGHRVDQG
SKRWRJUDSKV
VW1RWLFH&RVW
Services for the above-mentioned item include:
x 6HPLFXVWRP1RWLFHWKDWLVSULQWHGRQDQò[´SLHFHRISDSHUZLWKDSHUIRUDWHG
WHDURISD\PHQWVWXESURYLGHGLQDZLQGRZHQYHORSHVHQWWRWKHUHJLVWHUHGRZQHURI
DYHKLFOH
x$OOQRWLFHVDUHDWWDFKHGWRWKHFLWDWLRQRQOLQHDQGDUHYLHZDEOHYLDWKHZHE
x$OOQRWLFHVVHQWYLDVW&ODVV0DLO
x$OOQRWLFHVLQFOXGHDUHWXUQHQYHORSHLQZKLFKWKHUHVSRQVLEOHSDUW\PD\VXEPLW
SD\PHQW
x7KLVFKDUJHLVLQFXUUHGLIWKHFLWDWLRQLVQRWSDLGSULRUWRDILUVWQRWLFHEHLQJVHQWDQG
ZRXOGEHVHQWWKHGD\DIWHUWKHFLWHLVGXHW\SLFDOO\EHWZHHQGD\V
'HOLQTXHQW&ROOHFWLRQV
x7KLVIHHZLOOEHDVVHVVHGZKHQDFLWDWLRQLVVL[W\GD\VSDVWWKHFLWDWLRQLVVXH
GDWHDVVXPLQJDILUVWQRWLFHKDVEHHQVHQWWRWKHUHJLVWHUHGRZQHUDQGWKHFLWDWLRQ
LVQRWRQKROGIRUDQ\UHDVRQ
x 7KUHH'HOLQTXHQW1RWLFHVZLOOEHVHQWWRWKHUHJLVWHUHGRZQHUDWQRFRVWWRWKH&LW\
x$OOQRWLFHVDUHVHQWYLD)LUVW&ODVVPDLODQGDOOQRWLFHVDUHSULQWHGRQDQò[´
VKHHWRISDSHUDQGIROGHGLQWRDZLQGRZHQYHORSHLQDGGLWLRQDZLQGRZHQYHORSHLV
SURYLGHGIRUWKHUHFLSLHQWWRUHWXUQSD\PHQW
x$OOQRWLFHVDUHDWWDFKHGWRWKHFLWDWLRQRQOLQHDQGDUHYLHZDEOHYLDWKHZHE
x ,I'DWD7LFNHWGRHVQRWFROOHFWRQDFLWDWLRQWKDWLVGHOLQTXHQWWKH$JHQF\GRHVQRW
RZHWKLVIHH
x1RWLFHVZLOOEHVHQWYLDVW&ODVV0DLODQG'DWD7LFNHWZLOOEHUHVSRQVLEOHIRUWKH
FRVWLQFXUUHGDQGDOOFXVWRPHUVHUYLFHDQGSD\PHQWHQWU\
)UDQFKLVH7D[%RDUG3URFHVVLQJ
661/RRNXS
x7KLVIHHZLOOEHDVVHVVHGWRORRNXSDVRFLDOVHFXULW\QXPEHUDVVRFLDWHGZLWKD
SDUWLFXODUUHVSRQVLEOHSDUW\DQGDGGUHVV
x7KLVFKDUJHLVFKDUJHGSHUXQLTXH661QRWSHUFLWDWLRQ
'DWD7LFNHW,QF &LW\RI/D4XLQWD
1HZSRUW%HDFK&$ $GPLQLVWUDWLYH&LWDWLRQ3URFHVVLQJ
2) )HH3URSRVDO$PHQGPHQW
&RQILGHQWLDODQG3URSULHWDU\WR'DWD7LFNHW,QF _3DJH
)7%&ROOHFWLRQV
x7KLVIHHLVFKDUJHGLIDFLWDWLRQLVSDLGDWWKH)UDQFKLVH7D[%RDUG
x7KLVFKDUJHLVQRWFRPELQHGZLWKDQ\RWKHUFKDUJHIRUH[DPSOHLIDFLWDWLRQLV
UROOHGWRGHOLQTXHQWVWDWXVDQGSDLGDW)7%RQO\WKHRIUHYHQXHFROOHFWHGZLOOEH
FKDUJHG
x'DWD7LFNHWZLOOVHQGDQ)7%1RWLFHWRWKH&XVWRPHUDVUHTXLUHGE\WKH,QWHUDJHQF\
,QWHUFHSW3URJUDPWKLVQRWLFHZLOOEHVHQWYLDVW&ODVV0DLODWQRDGGLWLRQDOFRVWWR
WKH&LW\
x$OOQRWLFHVDUHDWWDFKHGWRWKHFLWDWLRQRQOLQHDQGDUHYLHZDEOHYLDWKHZHE
x'DWD7LFNHWZLOOSD\IRUWKH$JHQF\¶VFRVWWRSDUWLFLSDWHLQWKH)7%SURJUDP
DQQXDOO\)7%ZLOOVHQGDQLQYRLFHWRWKH$JHQF\IRUWKHQXPEHURIGHEWVSODFHGDW
)7%WKH$JHQF\ZLOOVLPSO\SURYLGHWKLVLQYRLFHWR'DWD7LFNHWDQG'DWD7LFNHWZLOO
SD\LWLQIXOO
x,I'DWD7LFNHWGRHVQRWFROOHFWRQDFLWDWLRQWKDWLVDW)7%WKH$JHQF\GRHVQRW
RZHWKHFROOHFWLRQIHH
$GYDQFHG&ROOHFWLRQV
x 7KLVIHHLVFKDUJHGLIDFLWDWLRQLVSDLGDW$GYDQFHG&ROOHFWLRQV
x7KLVFKDUJHLVQRWFRPELQHGZLWKDQ\RWKHUFKDUJHIRUH[DPSOHLIDFLWDWLRQLV
UROOHGWRGHOLQTXHQWVWDWXVDQGSDLGDW$GYDQFHG&ROOHFWLRQVRQO\WKHRI
UHYHQXHFROOHFWHGZLOOEHFKDUJHG
QG/HYHO+HDULQJ+ROG6FDQQLQJDQG6FKHGXOLQJRI+HDULQJ
x'DWD7LFNHWZLOOUHYLHZDOOGRFXPHQWDWLRQUHFHLYHGE\WKH$SSHOODQWDQGGHWHUPLQH
ZKHWKHUWKHUHTXHVWUHFHLYHGZLWKLQWKHUHTXLUHGWLPHIUDPH
x,IWKHUHTXHVWZDVUHFHLYHGZLWKLQWKHUHTXLUHGWLPHIUDPH'DWD7LFNHW¶V$GMXGLFDWLRQ
'HSDUWPHQWZLOOSODFHWKHFLWDWLRQRQDQ$GPLQLVWUDWLYH+HDULQJ5HTXHVW+ROGDQG
VFDQDOOUHFHLYHGGRFXPHQWDWLRQLQWRWKH6ROXWLRQZKHUHLWLVGLVSOD\HGRQWKHZHE
IRUWKH$JHQF\¶V6WDIIDQGWKH+HDULQJ2IILFHU
x,IWKHUHTXHVWLVUHFHLYHGRXWVLGHWKHUHTXLUHGWLPHIUDPHWKH$JHQF\ZLOOKDYHWKH
RSWLRQWRSURFHHGDVWKRXJKWKHUHTXHVWZDVUHFHLYHGZLWKLQWKHWLPHIUDPHRULWPD\
HOHFWWRKDYH'DWD7LFNHWVHQGD³WLPHH[SLUHGOHWWHU´UHMHFWLQJWKHDSSHDO
x'DWD7LFNHWZLOOZRUNZLWKWKHGHVLJQDWHG+HDULQJ2IILFHUWRVFKHGXOHWKH+HDULQJ
EDVHGRQHLWKHUDSUHGHWHUPLQHGVFKHGXOHRUDQDGKRFEDVLVGHSHQGLQJRQWKH
$JHQF\¶VVFKHGXOH
QG/HYHO+HDULQJ6FKHGXOH 'LVSRVLWLRQ/HWWHUV
x'DWD7LFNHWZLOOVHQGDFXVWRPGLVSRVLWLRQOHWWHUWRWKH$SSHOODQWYLDVW&ODVV0DLO
x$OOOHWWHUVDUHDWWDFKHGWRWKHFLWDWLRQRQOLQHDQGDUHYLHZDEOHYLDWKHZHE
x'LVSRVLWLRQOHWWHUVZLOOEHVHQW0RQGD\±)ULGD\
QG/HYHO+HDULQJ'LVSRVLWLRQ
x'DWD7LFNHW¶VLQGHSHQGHQWFHUWLILHGLQVXUHGKHDULQJRIILFHUVZLOOEHSURYLGHGWRWKH
WRSHUIRUPLQSHUVRQSKRQHDQGZULWWHQKHDULQJV
'DWD7LFNHW,QF &LW\RI/D4XLQWD
1HZSRUW%HDFK&$ $GPLQLVWUDWLYH&LWDWLRQ3URFHVVLQJ
2) )HH3URSRVDO$PHQGPHQW
&RQILGHQWLDODQG3URSULHWDU\WR'DWD7LFNHW,QF _3DJH
x(DFKKHDULQJUHTXHVWZLOOEHUHYLHZHGKHDUGRUUHDGDQGDOOUHTXLUHGUHVHDUFKZLOO
EHSHUIRUPHG
x7KH+HDULQJ2IILFHUZLOOHQWHUDMXGJPHQWLQWRWKH&LWDWLRQ3URFHVVLQJ6\VWHPIRU
YLHZLQJE\WKH$JHQF\$SSHOODQWDQG'DWD7LFNHW
x+HDULQJVZLOOEHVFKHGXOHG
x7KH$JHQF\ZLOOLQFXUFRVWVDVVRFLDWHGZLWKPLOHDJHDVGHILQHGE\)HGHUDO
JXLGHOLQHV
x 'DWD7LFNHWZLOOZRUNZLWKWKH$JHQF\WRDUUDQJHIRUWKHXVHRIDFRQIHUHQFHURRPDW
DQ$JHQF\ORFDWLRQRUWKH$JHQF\PD\HOHFWWRKDYHFLWDWLRQVKHDUGDWDFHQWUDOL]HG
ORFDWLRQZLWKLQWKH&RXQW\
-RLQW(VFURZ%DQNLQJ6HUYLFHV2SWLRQDOSHUPRQWK
6HUYLFHVIRUWKHDERYHPHQWLRQHGLWHPLQFOXGH
x'DLO\GHSRVLWVRIIXQGVWRWKH$JHQF\¶VHVFURZDFFRXQW
x 2QOLQHUHDOWLPHUHFRQFLOLDWLRQUHSRUWVWKDWWLHGLUHFWO\WRWKHEDQNVWDWHPHQW
x3URFHVVLQJRIDOOFUHGLWFDUGFKDUJHEDFNVDQG,QVXIILFLHQW)XQGV
x0RQWKHQGUHFRQFLOLDWLRQRIDOOIXQGVFROOHFWHG
x3D\PHQWRI'DWD7LFNHW¶VLQYRLFH
x 'LVEXUVHPHQWRIWKHQHWUHPLWWDQFHWRWKH$JHQF\
x6FDQQLQJRIDOOSD\PHQWVGLUHFWO\WRMRLQWEDQNDFFRXQWGDLO\XVLQJUHPRWHFKHFN
GHSRVLW
x7KH$JHQF\ZLOOEHUHVSRQVLEOHIRUWKHSXUFKDVHRIEDQNLQJVXSSOLHVLQFOXGLQJ
FKHFNVDQGHQGRUVHPHQWVWDPSVWKHVHIHHVW\SLFDOO\UXQSHU\HDU
x5HIXQGVYHULILHGDQGLVVXHGZHHNO\
2QOLQH$FFHVVIRUWKH$JHQF\¶V&XVWRPHUV ,QFOXGHG
7KH$JHQF\¶V&XVWRPHUVZLOOKDYHWKHDELOLW\WRSHUIRUPWKHIROORZLQJIXQFWLRQVRQOLQH
x9LHZUHDOWLPHFLWDWLRQVGDWD
x3D\IRUDVLQJOHRUPDQ\FLWDWLRQV
x5HTXHVWD+HDULQJRQOLQHDQGDWWDFKXSWRVXSSRUWLQJGRFXPHQWV
x3ULQWDUHFHLSW
x 9LHZSLFWXUHVRIWKHFLWDWLRQWDNHQE\WKHLVVXLQJRIILFHULIWKH$JHQF\DOORZV
2QOLQH$FFHVVIRUWKH$JHQF\¶V6WDII ,QFOXGHG
$FFHVVWRWKH$JHQF\¶VGDWDLVEDVHGRQXQLTXHXVHUQDPHVDQGSDVVZRUGVDVVLJQHGWR
HYHU\RQHZKRUHTXLUHVDFFHVVWRWKHV\VWHP'DWD7LFNHWGRHVQRWOLPLWWKHQXPEHU
RILQGLYLGXDOVZKRKDYHDFFHVVWRWKHV\VWHPDQGWKHQXPEHUDQGW\SHVRI
DFFHVVFDQFKDQJHDWDQ\SRLQWZLWKDVLPSOHHPDLOUHTXHVWWR'DWD7LFNHW
2XU6ROXWLRQLVVHWXSWRPDLQWDLQDFRPSOHWHDXGLWWUDLOIRUHDFKWUDQVDFWLRQLQWKH
V\VWHPVRWKDWWKHXVHUQDPHLVGLVSOD\HGQH[WWRHYHU\WUDQVDFWLRQLQWKHV\VWHP
LQGLFDWLQJZKRSHUIRUPHGWKHWUDQVDFWLRQDQGZKHQ
'HSHQGHQWRQWKHDFFHVVULJKWVSURYLGHGWRHDFK$JHQF\6WDIIPHPEHUWKHIROORZLQJ
FDSDELOLWLHVDUHDYDLODEOH
'DWD7LFNHW,QF &LW\RI/D4XLQWD
1HZSRUW%HDFK&$ $GPLQLVWUDWLYH&LWDWLRQ3URFHVVLQJ
2) )HH3URSRVDO$PHQGPHQW
&RQILGHQWLDODQG3URSULHWDU\WR'DWD7LFNHW,QF _3DJH
x9LHZUHDOWLPHFLWDWLRQVGDWDLQFOXGLQJSLFWXUHVWDNHQE\WKH,VVXLQJ2IILFHU
x$FFHSWSD\PHQWYLD9,6$0DVWHU&DUG'LVFRYHUDQG$PHULFDQ([SUHVVFUHGLWGHELW
FDUGV
x$FFHSWSD\PHQWYLD&DVK&KHFNRU0RQH\2UGHU
x3URFHVV16)V&KDUJHEDFNVDQG5HIXQGV
x5HGXFHRULQFUHDVHYLRODWLRQDPRXQWVGLVPLVVFLWDWLRQVYRLGFLWDWLRQVDQGSODFHD
FLWDWLRQRQKROG
x&KDQJHFLWDWLRQGDWDLQFOXGLQJYLRODWLRQVGDWHWLPHORFDWLRQFRPPHQWVDQG
RWKHUV
x*HQHUDWHDWLPHH[SLUHGRUOHWWHURIQRQUHVSRQVLELOLW\IRUDFLWDWLRQLQWKH
DGMXGLFDWLRQSURFHVV
x9LHZWKHFRPSOHWHUHDVRQIRUWKH+HDULQJ5HTXHVWDQGVXSSRUWLQJGRFXPHQWDWLRQ
SURYLGHGE\WKH$SSHOODQWGLUHFWO\RQOLQH
x(GLW$SSHOODQWLQIRUPDWLRQ
x 8SORDGGLVSRVLWLRQGRFXPHQWVVHQWWRWKH$JHQF\YLD860DLO
x $GGDQRWHWRDFLWDWLRQDQGVHHDOOFRPPHQWVDGGHGWRWKHFLWDWLRQ
x 9LHZWKHUHDVRQIRUWKH
QG/HYHO$GPLQLVWUDWLYH+HDULQJ5HTXHVWRQOLQHDQGYLHZ
WKHVXSSRUWLQJGRFXPHQWDWLRQSURYLGHGE\WKH$SSHOODQWGLUHFWO\RQOLQH
x3ULQWDUHFHLSWZLWKRUZLWKRXWUHVSRQVLEOHSDUW\LQIRUPDWLRQ
5HSRUWLQJ ,QFOXGHG
x 'DWD7LFNHWRIIHUVUHSRUWVRQOLQHIRURXU&OLHQWVWRJHQHUDWHSULQWDQGUHSULQW
:HSURYLGHUHDOWLPHUHSRUWVWKDWFDQEHJHQHUDWHGIRUDQ\WLPHIUDPHUHTXLUHG
DQGZHSURYLGHSUHSURFHVVHGPRQWKHQGUHSRUWVWKDWUHIOHFWWKHPRQWKHQGYLHZRI
GDWD
x $OOUHSRUWVDUHDYDLODEOHRQOLQHDQGEHFDXVHZHGRQRWSXUJHGDWDXQOHVV
VSHFLILFDOO\UHTXHVWHGWRGRVRE\D&OLHQWWKHGDWDLVDYDLODEOHLIWKH$JHQF\
LVD&OLHQW
x$OOUHSRUWVDUHJHQHUDWHGLQ+70/VRRXU&OLHQWVFDQFRS\DQGSDVWHWKHGDWDLQWR
([FHOIRUGDWDPDQLSXODWLRQSXUSRVHV
x 5HSRUW*HQHUDWRUFDSDELOLWLHVWKDWSURYLGH&LW\3HUVRQQHOZLWKWKHDELOLW\WRFUHDWH
VDYHVKDUHDQGSULQWFXVWRPUHSRUWVDWDQ\WLPHIRUDQ\WLPHIUDPH
x,IWKH$JHQF\ZHUHWRUHTXHVWDUHSRUWWKDWZDVQRWDOUHDG\DYDLODEOH'DWD7LFNHW
ZRXOGZRUNZLWKWKH$JHQF\WRGHVLJQWKHUHSRUWDQGSURYLGHLWWRWKH$JHQF\DWQR
FRVW
0DQXDO3D\PHQW3URFHVVLQJ ,QFOXGHG
x0DQXDOO\UHFHLYHGSD\PHQWVFKHFNVFDVKPRQH\RUGHUVDQGFUHGLWFDUGSD\PHQWV
VHQWYLD860DLODUHUHFHLYHGDWRXU32%R[LQ1HZSRUW%HDFKZKHUHDERQGHGDQG
LQVXUHGFRXULHUSLFNVXSWKHPDLOGDLO\DQGGHOLYHUVLWWRRXU1HZSRUW%HDFKRIILFH
x 2QVLWH0DLO'HSDUWPHQWRSHQVVRUWVDQGEDWFKHVWKHSD\PHQWVEHIRUHSURYLGLQJ
WKHPWRRXURQVLWH'DWD(QWU\'HSDUWPHQW
x$IWHUGRXEOHEOLQGHQWU\RIHDFKSD\PHQWWKHFLWDWLRQVDUHXSGDWHGE\RXU4XDOLW\
$VVXUDQFHWHDP
'DWD7LFNHW,QF &LW\RI/D4XLQWD
1HZSRUW%HDFK&$ $GPLQLVWUDWLYH&LWDWLRQ3URFHVVLQJ
2) )HH3URSRVDO$PHQGPHQW
&RQILGHQWLDODQG3URSULHWDU\WR'DWD7LFNHW,QF _3DJH
x3D\PHQWVDUHWKHQSURYLGHGWRRXU$FFRXQWLQJ'HSDUWPHQWZKHUHGDLO\GHSRVLWVOLSV
DUHFRPSOHWHGDQGSURYLGHGWRDERQGHGLQVXUHGFRXULHUZKRWDNHVWKHPWRWKH
EDQN
&KDUJHEDFNVDQG16)¶V ,QFOXGHG
x'DWD7LFNHWZLOOSURFHVVFUHGLWFDUGFKDUJHEDFNVDQG16)VZKHQQRWLILHGRIHDFK
RFFXUUHQFHLI$JHQF\LVQRWDQHVFURZDFFRXQWKROGHU
x2QFHSURFHVVHG'DWD7LFNHWZLOOVHQGDFXVWRPOHWWHUWRWKHLQGLYLGXDOGHWDLOLQJWKH
UHWXUQHGLWHPDQGWKHDPRXQWGXHRQWKHFLWDWLRQ
5HIXQGV ,QFOXGHG
x'DWD7LFNHWZLOOSURFHVVUHIXQGVZKHQQRWLILHGRIHDFKE\WKH$JHQF\
x ,QWKHHYHQWWKH$JHQF\XWLOL]HV-RLQW%DQNLQJ'DWD7LFNHWZLOOYHULI\JHQHUDWHDQG
VHQGHDFKUHIXQGGXH
x5HIXQGVZLOOEHLVVXHGZHHNO\
x5HIXQGVZLOOEHVHQWYLDVW&ODVV0DLO
&XVWRPHU6HUYLFH ,QFOXGHG
x'DWD7LFNHWSURYLGHVDOLYHELOLQJXDORQVLWH&XVWRPHU6HUYLFH'HSDUWPHQWWKDWLV
IXOO\WUDLQHGWRDQVZHUTXHVWLRQVUHODWHGWRFLWDWLRQLVVXDQFHSD\PHQWDGMXGLFDWLRQ
)7%DGYDQFHGFUHGLWUHSRUWLQJFROOHFWLRQVDQGPRUH
x$OOFDOOVDUHUHFRUGHGWRTXDOLW\DVVXUDQFHDQGUHFRUGLQJVFDQEHVHQWWRWKH
$JHQF\DWDQ\WLPHIRUUHYLHZ
x'DWD7LFNHW¶V,95LVELOLQJXDODQGDFFHVVLEOHYLDVHYHUDOWROOIUHHQXPEHUVWKH,95
SURYLGHVUHDOWLPHLQIRUPDWLRQWRWKHFDOOHUUHJDUGLQJFXUUHQWVWDWXVLQFOXGLQJWKH
DPRXQWGXH
x7KH,95DFFHSWV9,6$0DVWHU&DUG'LVFRYHUDQG$PHULFDQ([SUHVV
:HE3UHVHQFH ,QFOXGHG
x 'DWD7LFNHW¶V6ROXWLRQLVZHEEDVHGDQG6HFWLRQ&RPSOLDQWDQGLV
SURYLGHGDWZZZ&LWDWLRQ3URFHVVLQJ&HQWHUFRPWKLVLVDJHQHULFZHEVLWHLQWKH
VHQVHWKDWLWLVQRW$JHQF\EUDQGHG7KLVZHEVLWHDOORZVIRUWKH$JHQF\DQGWKH
$JHQF\¶V&XVWRPHUVWRDFFHVVFLWDWLRQVRQOLQH
x,IWKH$JHQF\SUHIHUVDQ$JHQF\EUDQGHGZHEVLWHRQHLQZKLFKWKHORRNDQG
IHHOPLPLFVWKDWRIWKH$JHQF\¶VZHEVLWH'DWD7LFNHWFDQDQGZLOOSURYLGHWKLV
IHDWXUHWRWKH$JHQF\
&RVW,QFUHDVHV
3RVWDO5DWH,QFUHDVH2IIVHW±,ISRVWDOUDWHVLQFUHDVHGXULQJWKHWHUPRIWKH
DJUHHPHQWIHHVWR'7,VKDOOEHUDLVHGLPPHGLDWHO\WRRIIVHWWKHHIIHFWRIWKHDFWXDO
SRVWDOUDWHLQFUHDVH
CPI Increases – There will be NO CPI increases for the duration of the agreement