Res 2000-027 - Laserfiche WebLink

Home Browse Search

ARTICLE 2 STANDARDS OF PERFORMANCE 2.1 The performance of all services by P&A in connection with this Agreement will be by persons appropriately licensed or registered under State, local and Federal laws. In performing all services under this Agreement, P&A will use that degree of care and skill ordinarily exercised for similar projects by professional investment advisors who possess special expertise in the types of services involved under this Agreement. 2.2 No work under this Agreement will be subcontracted by P&A without prior written approval from the City. Any work or services subcontracted under this Agreement will be specified by separate written Agreement and will be subject to each provision of this Agreement. 2.3 Any provisions in this Agreement pertaining to the City's review, approval and/or acceptance of written materials prepared by P&A and/or its sub-consultants, in connection with this Agreement will not diminish P&A's responsibility for the materials. 2.4 P&A will perform all of its services in coordination with the City. P&A will advise the City of data and information P&A needs to perform its services, and P&A will meet with City representatives at mutually convenient times to assemble this data and information. 2.5 In accordance with Texas State Securities Board requirements, the City will acknowledge receipt of the disclosure statement (Part II of Form ADV) by signature on the attached Exhibit B within five business days of entering into this Agreement. 2.6 All transactions shall be subject to the regulations of all applicable government authorities and self-regulatory agencies including, but not limited to, the constitutions and rules of the clearing agent, exchange, or market where executed. P&A represents that it is registered as an investment advisor under the I nvestment Advisers Act of 1940 and is authorized and empowered to enter into this Agreement. P&A shall immediately notify the City if at any time during the term of this Agreement it is not so registered or if its registration is suspended. As a registered investment advisor, P&A is obligated to comply with all applicable laws and regulations, including those of the Securities and Exchange Commission and other regulatory and self-regulatory agencies. 2.7 P&A shall promptly notify the City in writing of any complaints or disciplinary actions filed against it, or any investment professional employed by it, who has performed any service with respect to the City's account in the 24 preceding months, by the Securities and Exchange Commission, the New York Stock Exchange, theAmerican Stock Exchange, the National Association of Securities Dealers, any Attorney General or any regulatory agency or authority of any state of the United States, any department or agency or authority of the Government of the United States. 2