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HomeMy WebLinkAbout26-076 - Contract - Pacifica Law Group, LLP - Bond Counsel ServicesCity Of Tukwila Contract Number: 26-076 Council Approval N/A • 6200 Southcenter Boulevard, Tukwila WA 98188 r PROFESSIONAL SERVICES AGREEMENT (Includes consultants, architects, engineers, accountants, and other professional services) THIS AGREEMENT is entered into between the City of Tukwila, Washington, hereinafter referred to as "the City', and Pacifica Law Group LLP hereinafter referred to as "the Consultant", in consideration of the mutual benefits, terms, and conditions hereinafter specified. 1. Project Designation. The Consultant is retained by the City to perform bond, disclosure and tax counsel and related services in connection with City bonds and other public finance matters. 2. Scope of Services. The Consultant agrees to perform the services, identified in the engagement letter in Exhibit "A" attached hereto, including the provision of all labor, materials, equipment and supplies. 3. Duration of Agreement Time for Performance. This Agreement shall be in full force and effect for a period commencing upon execution and ending _five years after execution date , unless sooner terminated under the provisions hereinafter specified. Work under this Agreement shall commence upon written notice by the City to the Consultant to proceed. The Consultant shall perform all services and provide all work product required pursuant to this Agreement no later than _as required for a successful and timely bond issuance unless an extension of such time is granted in writing by the City. 4. Payment. The Consultant shall be paid by the City for completed work and for services rendered under this Agreement as follows: A. Payment for the work provided by the Consultant shall be made as provided on Exhibit "A" attached hereto, provided that the total amount of payment to the Consultant shall not exceed $50,000 without express written modification of the Agreement signed by the City, excluding flat fees for bond counsel services calculated as provided in Exhibit A when such bonds and the payment of associated costs of issuance are approved by Ordinance of the City Council. B. For services performed on an hourly basis, the Consultant may submit invoices to the City once per month during the progress of the work for partial payment for that portion of the project completed to date. Such vouchers will be checked by the City and, upon approval thereof, payment shall be made to the Consultant in the amount approved. Unless otherwise agreed to by the City, fees for services in connection with a bond issue shall be payable on a fixed fee basis at the time of closing, as provided in Exhibit "A". C. Final payment of any balance due the Consultant of the total contract price earned will be made promptly upon its ascertainment and verification by the City after the completion of the work under this Agreement and its acceptance by the City. D. Payment as provided in this section shall be full compensation for work performed, services rendered, and for all materials, supplies, equipment and incidentals necessary to complete the work. E. The Consultant's records and accounts pertaining to this Agreement are to be kept available for inspection by representatives of the City and the state of Washington for a period of three (3) years after final payments. Copies shall be made available upon request. 5. Ownership and Use of Documents. All documents, drawings, specifications and other materials produced by the Consultant in connection with the services rendered under this Agreement shall be the property of the City whether the project for which they are made is executed or not. The Consultant shall be permitted to retain copies, including reproducible copies, of drawings and specifications for information, reference and use in connection with the Consultant's endeavors. The Consultant shall not be responsible for any use of the said documents:, drawings, specifications or other materials by the City on any project other than the project specified in this Agreement. 6. Compliance with Laws. The Consultant shall, in performing the services contemplated by this Agreement, faithfully observe and comply with all federal, state, and local laws, ordinances and regulations, applicable to the services rendered under this Agreement. 7. fOrnittedl. B. Insurance. The Consultant shall procure and maintain for the duration of the Agreement, insurance against claims for injuries to persons or damage to property which imay allse from or in connection with the performance of the work hereunder by the Consultant, its agents, representatives, or employees. Consultant's maintenance of insurance as required by the agreement shall not be construed to limit the liability of the Consultant to the coverage provided by such insurance, or otherwise limit the City's recourse to any remedy available at law or in equity. A. Minimum Amounts and Scope of Insurance. Consultant shall obtain insurance of the types and with the limits described below: 1. Automobile Liability insurance with a minimum combined single limit for bodily injury and property damage of $1,000,000 per accident. Automobile Liability insurance shall cover all owned, non -owned, hired and leased vehicles. Coverage shall be written on Insurance Services Office (ISO) form CA 00 01 or a substitute form providing equivalent liability coverage. If necessary, the policy shall be endorsed to provide contractual liability coverage. 2. Commercial General Liability insurance with limits no less than $2,000,000 each occurrence, $2,000,000 general aggregate. Commercial General Liability insurance shall be at least as broad as ISO occurrence form CG 00 01 and shall cover liability arising from premises, operations, stop -gap iindependent contractors and personal injury and advertising injury. The City shall be named as an additional insured under the Consultant's Commercial General Liability insurance policy with, respect to the work performed for the City using an additional insured endorsement at least as broad as ISO endorsement form CG 20 26. 3. Workers' Comoensation coverage as required by the Industrial Insurance laws of the State of Washington. 4. Professional Liability, with limits no less than $2,000,000 per claim and $2,000,000 policy aggregate limit. Professional Liability insurance shailll be appropriate to the Consultant's profession. B. Public Entity Full Availability of Contractor Limits. If the Contractor maintains higher insurance limits than the minimums shown above, the Public Entity shall be insured for the full available limits of Commercial General and Excess or Umbrella liability maintained by the Contractor, irrespective of whether such limits maintained by the Contractor are greater than those required by this Contract or whether any certificate of insurance furnished to the Public Entity evidences limits of liability lower than those maintained by the Contractor. C. Other Insurance Provision. The Consultant's Automobile Liability and Commercial General Liability insurance policies are to contain, or be endorsed to contain that they shall be primary insurance with respect to the City. Any Insurance, self-insurance, or insurance CA revised May 2020 Page 2 pool coverage maintained by the City shall be excess of the Consultant's insurance and shall not be contributed or combined with it. D. Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best rating of not less than A:VII. E. Verification of Coverage. Consultant shall furnish the City with original certificates and a copy of the amendatory endorsements, including but not necessarily limited to the additional insured endorsement, evidencing the insurance requirements of the Contractor before commencement of the work. Upon request by the City, the Consultant shall furnish certified copies of all required insurance policies, including endorsements, required in this Agreement and evidence of all subcontractors' coverage. F. Notice of Cancellation. The Consultant shall provide the City with written notice of any policy cancellation, within two business days of their receipt of such notice. G. Failure to Maintain Insurance. Failure on the part of the Consultant to maintain the insurance as required shall constitute a material breach of contract, upon which the City may, after giving five business days notice to the Consultant to correct the breach, immediately terminate the contract or, at its discretion, procure or renew such insurance and pay any and all premiums in connection therewith, with any sums so expended to be repaid to the City on demand, or at the sole discretion of the City, offset against funds due the Consultant from the City. 9. Independent Contractor. The Consultant and the City agree that the Consultant is an independent contractor with respect to the services provided pursuant to this Agreement. Nothing in this Agreement shall be considered to create the relationship of employer and employee between the parties hereto. Neither the Consultant nor any employee of the Consultant shall be entitled to any benefits accorded City employees by virtue of the services provided under this Agreement. The City shall not be responsible for withholding or otherwise deducting federal income tax or social security or for contributing to the state industrial insurance program, otherwise assuming the duties of an employer with respect to the Consultant, or any employee of the Consultant. 10. Covenant Against Contingent Fees. The Consultant warrants that he has not employed or retained any company or person, other than a bonafide employee working solely for the Consultant, to solicit or secure this contract, and that he has not paid or agreed to pay any company or person, other than a bonafide employee working solely for the Consultant, any fee, commission, percentage, brokerage fee, gifts, or any other consideration contingent upon or resulting from the award or making of this contract. For breach or violation of this warrant, the City shall have the right to annul this contract without liability, or in its discretion to deduct from the contract price or consideration, or otherwise recover, the full amount of such fee, commission, percentage, brokerage fee, gift, or contingent fee. 11. Discrimination Prohibited. Contractor, with regard to the work performed by it under this Agreement, will not discriminate on the grounds of race, religion, creed, color, national origin, age, veteran status, sex, sexual orientation, gender identity, marital status, political affiliation, the presence of any disability, or any other protected class status under state or federal law, in the selection and retention of employees or procurement of materials or supplies. 12. Assignment. The Consultant shall not sublet or assign any of the services covered by this Agreement without the express written consent of the City. 13. Non -Waiver. Waiver by the City of any provision of this Agreement or any time limitation provided for in this Agreement shall not constitute a waiver of any other provision. CA revised May 2020 Page 3 14. Termination. A. The City reserves the right to terminate this Agreement at anytime by giving ten (10) days written notice to the Consultant. B. In the event of the death of a member, partner or officer of the Consultant, or any of its supervisory personnel assigned to the project, the surviving members of the Consultant hereby agree to complete the work under the terms of this Agreement, if requested to do so by the City. This section shall not be a bar to renegotiations of this Agreement between surviving members of the Consultant and the City, if the City so chooses. 15. Applicable Law: Venue: Attorney's Fees. This Agreement shall be subject to, and the Consultant shall at all times comply with, all applicable federal, state and local laws, regulations, and rules, including the provisions of the City of Tukwila Municipal Code and ordinances of the City of Tukwila. In the event any suit, arbitration, or other proceeding is instituted to enforce any term of this Agreement, the parties specifically understand and agree that venue shall be properly laid in King County, Washington. The prevailing party in any such action shall be entitled to its attorney's fees and costs of suit. Venue for any action arising from or related to this Agreement shall be exclusively in King County Superior Court. 16. Severability and Survival. If any term, condition or provision of this Agreement is declared void or unenforceable or limited in its application or effect, such event shall not affect any other provisions hereof and all other provisions shall remain fully enforceable. The provisions of this Agreement, which by their sense and context are reasonably intended to survive the completion, expiration or cancellation of this Agreement, shall survive termination of this Agreement. 17. Notices. Notices to the City of Tukwila shall be sent to the following address: City Clerk City of Tukwila 6200 Southcenter Boulevard Tukwila, WA 98188 Notices to Consultant shall be sent to the following address: Pacifica Law Group LLP Attn: Deanna Gregory, Partner 401 Union Street, Suite 1600 Seattle, WA 98101 18. Entire Agreement: Modification. This Agreement, together with attachments or addenda, represents the entire and integrated Agreement between the City and the Consultant and supersedes all prior negotiations, representations, or agreements written or oral. No amendment or modification of this Agreement shall be of any force or effect unless it is in writing and signed by the parties. CA revised May 2020 Page 4 DATED this 24th day of March — 2026 . CITY OF TIS KWILA AAB Signed by: Thomas McLeod, Mayor ATTEST/AUTHENTICATED: —Signed by: Andy Youin-Barnett, City Clerk _L Signed by: - 1QAAA Office of the City Attorney Attachment: Exhibit "A" – Engagement Letter PACIFICA LAW GROUP LLP, AS CONSULTANT. 7 1, By: Printed Name: Deanna Gregory Title: Partner CA revised May 2020 Page 5 Sent Via Email Only City of Tukwila Aaron BeMiller, Finance Director 6200 Southcenter Boulevard Tukwila, WA RE: City of Tukwila — Legal Services Dear Aaron: i 236.245.1700 40.1 Uma on S,tr rut, 5iu'kRe IH -0 March 23, 2026 Pacifica Law Group LLP is pleased to provide bond counsel, municipal finance, and related legal services (the "Projects") to the City of Tukwila, Washington (the "City"). This letter will also apply to any additional matters that we undertake at the City's request, unless otherwise specified in a separate engagement letter addressing that matter. Our fees for bond counsel services, as described in the attached Scope of Services, are based on the size of the bonds actually issued. Stacey Lewis (bond partner), Alison Benge (bond partner, specializing in Federal tax law), and I will be the main contacts for City bond matters. I will have primary oversight for Pacifica Law Group's representation of the City, but we assign other firm lawyers and paralegals when necessary, beneficial or cost-effective and when desirable to meet the time constraints of the matter. You can reach me at the office at 206.245.1716 or any of the attorneys or other staff at Pacifica Law Group at 206.245.1700. We have attached a proposed fee schedule for City bond issues. We will not separately charge the City for responding to questions related to City bond issues — including questions regarding post issuance compliance, federal tax law requirements, and other matters — without your prior approval. Payment of such legal fees shall be contingent upon closing of the bond issue and shall be payable based upon an invoice to be delivered to the City after closing. Fixed fee rates may be adjusted not more frequently than annually. Please let us know if you would like to discuss the proposed fees - we are committed to finding an arrangement that works for City. For special projects and with your prior approval, we propose to provide services on an hourly basis. Our proposed hourly 2026 rates are attached to this letter. These rates reflect the discount off standard rates we customarily offer public and not-for-profit clients. Billing rates may be adjusted not more frequently than annually, usually on January 1. Services performed after the effective date of the new rates will be charged at the new applicable rates. We do not charge for costs incurred internally (photocopying, long distance telephone charges, electronic legal research services and the like). However, to the extent we incur costs from outside vendors directly related to City work, these costs will be passed through to you without mark-up. We issue invoices for hourly fees and disbursements on a monthly basis. Page 2 As lawyers, we are of course regulated by ethical rules, including rules governing conflicts of interest, in the jurisdictions in which we practice. From time to time conflicts do arise, most commonly in connection with intergovernmental transactions, as we represent many state and municipal entities. Based on our review of our records, the representation of the City as of the date of this letter does not create a conflict of interest for Pacifica, however, we may serve as outside counsel and bond counsel to other municipalities that interact and/or contract with the City (such as Valley Communications Center, the Valley Communications Center Development Authority, King County, SCORE, the SCORE Facility Public Development Authority, SKHHP, Seattle Southside RTA, and Tukwila School District) and we serve as underwriter's counsel from time to time to underwriting firms (such as Barclays Capital Inc., Piper Sandler & Co., Wells Fargo, RBC Capital Markets, Goldman Sachs & Company, and D.A. Davidson) on matters unrelated to the City's bonds. We would not serve as underwriter's counsel on transactions involving the City when we were serving as bond counsel to the City. Pacifica also represents many public school districts in Washington including districts that may overlap with City boundaries. We routinely represent these municipal entities, including public school districts, and underwriters and from time to time will be asked to represent such entities on matters that are that are not substantially related to our work for you or in matters that may involve an interest or administrative or legislative decision of City. We ask your consent to allow us to continue these representations, as long as the matters are not substantially related to matters in which we are representing the City. Your signature below constitutes the City's consent to such representation. We agree not to use any proprietary or other confidential nonpublic information concerning the City acquired by us as a result of our representation of the City to the City's material disadvantage in connection with any litigation or other matter in which we are adverse to the City. This consent does not extend to Pacifica's representation of other parties in litigation against the City in a dispute with respect to the Projects. Please let me know immediately if there are other adverse or potentially adverse party names to check, or other names that you believe we should check. If you learn about significant name changes of any of the entities or about additional adverse or potentially adverse parties, please advise us so our records can be updated. Our representation of the City does not include acting as counsel for any entity in which the City holds equity or any subsidiary, affiliate, equityholder, employee, family member or other person unless such additional representation is separately and clearly undertaken by us. During our representation of the City, there may from time to time be issues that raise questions as to our duties under the rules of professional conduct that apply to lawyers. These might include, e.g., conflict of interest issues, and could even include issues raised because of a dispute between us and a client over the handling of a matter. Under normal circumstances when such issues arise we would seek the advice of our Professional Standards Counsel, Loss Prevention partners or Professional Standards Conflicts Attorneys who are experts in such matters. Historically, we have considered such consultations to be attorney-client privileged conversations between firm personnel and the counsel for the firm. In recent years, however, there have been judicial decisions indicating that under some circumstances such conversations involve a conflict of interest between client and attorney and that an attorney's consultation with its counsel may not be privileged, Page 3 unless the attorney either withdraws from the representation of the client or obtains the client's consent to consult with its counsel. We believe that it is in our client's interests, as well as Pacifica Law Group's interest, that in the event legal ethics or related issues arise during a representation, we receive expert analysis of our obligations. Accordingly, as part of our agreement concerning our representation of the City, you agree that if we determine in our own discretion during the course of the representation that it is either necessary or appropriate to consult with our firm counsel (either Pacifica Law Group's internal counsel or, if we choose, outside counsel) we have your consent to do so and that our representation of you shall not, thereby, waive any attorney-client privilege that Pacifica Law Group may have to protect the confidentiality of our communications with counsel. Pacifica Law Group shall not bill the City for any such consultation with Pacifica Law Group's internal or external counsel on any such matters. Effective January 1, 2024, the U.S. Department of Treasury's Financial Crimes Enforcement Network ("FMCEN") is requiring certain companies to file informational reports and updates about the company and its beneficial owners. Pacifica's engagement does not include providing advice regarding, or assisting with the FMCEN filings. This letter confirms the terms and conditions on which Pacifica Law Group LLP will provide legal services to the City. Unless otherwise agreed in writing, the terms of this letter will also apply to any additional matters that we undertake at the City's request. If this letter correctly sets forth our understanding, please sign and date a copy of this letter and promptly return it to me. If you have any questions about this letter or generally about our services or bills, please call me at any time. We look forward to working with you and thank you for placing your confidence in Pacifica Law Group. Sincerely yours, PACIFICA LAW GROUP LLP Deanna Gregory Partner ACCEPTED AND AGREED: CITY OF TUKWILA, WASHINGTON Its Date: Enclosures Page 4 SCOPE OF SERVICES As bond counsel, Pacifica Law Group (the "Law Firm") shall provide all necessary legal services necessary to issue bond, notes and other evidences of indebtedness, including but not limited to: • Draft and distribute election documents, if needed • Assist in the development or review of a distribution list and proposed schedule, flagging key notice, action and document deadlines • Gather appropriate facts regarding the financing and the proposed project, generally through an in-person or remote kick off or "scoping" meeting • Conduct federal and state law analysis; review election documents • Provide legal advice related to real estate, construction and procurement • Assess financing options and work with underwriters, placement agents, lenders and financial advisors to consider legal issues • Draft and distribute bond (and, if requested, disclosure and/or RFP) documents • Revise, discuss, and explain documents • Arrange and participate in conference calls and meetings with City staff and other members of the finance team, as necessary, to follow up on issues identified at the scoping meeting or to review document drafts • Present documents to, and answer questions from, the City Council and other groups • Complete appropriate tax due diligence analysis • Review the results of pricing, answer legal questions from potential investors/lenders, and draft or comment on the bond purchase agreement, loan agreement or continuing covenant agreement • Prepare closing certificates, prepare and print the notes or bonds, and deliver bond opinions (legality and enforceability of bonds or notes, tax opinion if tax-exempt obligation, supplemental opinion if required, defeasance opinion if required, and disclosure letter if required) • Deliver hard (upon request) and electronic copies of the final transcript to the finance team • Coordinate with City staff on post -issuance compliance obligations (state, federal tax, and securities law) as necessary • Work cooperatively with the City Attorney and other special legal counsel retained by the City for special projects involving the issuance of bonds, closing of bond transactions, tracking of bond proceeds and related issues Bond Counsel Fee FEESCHEDULE Less than $5,000,000 1 $20,000 $5,000,001-$10,000,00 $24,000 $26 $10,000,001415,000,000$28,000 $30 $15,000,001-,$20,000,000$32,000 $34 $20,000,001-$35,000,000 $38,000 $42 $35,000,001-$50,000,000 ------$46,000 $50 $50,000,001 and above 1 554M0 1 $58 $3 $3 (') Issue amount reflects the principal amount of the bonds plus original issue premium, if any. All bond counsel fees, costs, and expenses are included in tile fee matrix above. Bond courisel fees include all of our work related to the bond issue (including but not limited to document preparation, state and federal tax law analysis,, attending fulance tealli and City Council meetings. expenses, costs, delivering the final opillion(s), answering questions during and between bond issues, and providing other services), unless another fee arrangement is agreed to by the City. The fee matrix may be adjusted, not more frequently than al.inually, with City approval. For bank loans or other private placements, depending on the complexity of the loan doctuilents involved, we typically discount our fixed fee by a percentage (e.g. charge 85% of our fixed fee above). For refunding issues, we typically charge 115% of the regular fee schedule. Substantially delayed financings (where the financing transaction stopped and restarted, for instance, resulting in additional/cluplicative work) would be negotiable based on the resulting delay and work involved. Complex financings (such as TIF financing,,, TIFIA loans, 63-20 financings, forward delivery bonds, and other lease financings) would be negotiable based can. the documentation and work involved. Disclosure For publicly sold transactions, such as with an underwriter, we propose an additional fee of Counsel Fee $17M0 per bond issue to serve as Disclosure Counsel (prepare, the preliminary and final official statements and deliver a separate 10b-5 letter to the City addressing securities laws) upon request. Note, we will oftlY, serve as disclosure counsel and charge a corresponding fee if requ,ested to do so b'1 , the 04% Providing comments on the official statements when such docunients are prepared by another party (e.g. municipal advisor) is included in our bond counsel fee. Other fees We propose to charge a discoutited hourly public entity rate for all Pacifica attorneys perforining work for the City that cannot be allocated to our role as bond counsel (and therefore be absorbed in the fee matrix above). Such work will only be performed at the request and with the consent of the City. Hourly work may include assisting with an IRS audit, providing real estate advice, providing construction/procurement advice, drafting non -bond ballot measures (such as for .9, levy lid lift), assisting with special research projects and/or litigation, and negotiating development agreements. Page 6 Our 2026 (effective January 1, 2026) public sector rates are below. Hourly rates are subject to annual adjustment. Name 2026 Alison Benge (bond counsel, federal tax) $625 Deanna Gregory (bond and disclosure counsel, general municipal law) $535 Stacey Lewis (bond and disclosure counsel, general municipal law) $580 Toby Tobler (bond and disclosure counsel, general municipal law) $395 Clare Riva (bond and disclosure counsel, general municipal law) $355 Kristin Patterson (paralegal support) $195