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Backup Documents 06/08/2010 Item #16E116E 1 MEMORANDUM DATE: June 11, 2010 TO: Kelsey Ward, Contract Administration Manager Purchasing Department FROM: Martha Vergara, Deputy Clerk Minutes and Records Department RE: Contract: "Arbitrage Rebate Requirements for Collier County" Contractor: PFM Asset Management LLC Enclosed please find two original contracts, referenced above (Agenda Item #16E1), approved by the Board of County Commissioners on June 8, 2010. The Minutes & Records Department has kept an original for the Board's permanent record. If you should have any questions, please contact me at 252 -7240. Thank you. Enclosure (1) 16E 1 ITEM NO.: I(� (1 P /�' �aLI DATE EIVED: D FILE NO.: ROUTED TO: n� DO NOT WRITE ABOVE THIS LINE REQUEST FOR LEGAL SERVICES Date: June 8, 2010 To: Office of the County Attorney V = (VI, Jeff Klatzkow From: Kelsey Ward, Contract Administration Manager�w Purchasing Department, Extension 8949 i Re: Contract: #10 -5477 "Arbitrage Rebate Requirements for Collier County" Contractor: PFM Asset Management LLC BACKGROUND OF REQUEST: This Contract was approved by the BCC on June 8, 2010, Agenda Item 16.E.1 This item has not been previously submitted. ACTION REQUESTED: Contract review and approval. OTHER COMMENTS: Please forward to BCC for signature after approval. If there are any questions concerning the document, please contact me. Purchasing would appreciate notification when the documents exit your office. Thank you. C: Derek Johnssen, Finance W6$ �u in www.sunbiz.org - Department of State Home Contact Us E- Filing Services Previous on List Next on List Return To List No Events No Name History Detail by Entity Name Foreign Limited Liability Company PFM ASSET MANAGEMENT LLC Filinq Information Document Number M01000002143 FEI /EIN Number 233087064 Date Filed 09/17/2001 State DE Status ACTIVE Principal Address ONE KEYSTONE PLAZA 300 HARRISBURG PA 17101 Changed 04/24/2002 Mailing Address TWO LOGAN SQUARE, #1600 ATTN COMPLIANCE MANAGER PHILADELPHIA PA 19103 Changed 01/13/2009 Registered Agent Name & Address CORPORATION SERVICE COMPANY 1201 HAYS STREET TALLAHASSEE FL 32301 -2525 US Manager /Member Detail Name & Address Title MGR WHITE, F. JOHN TWO LOGAN SQUARE, 18TH ARCH ST PHILADELPHIA PA 19103 Title MGR MARGOLIS, MARTIN ONE KEYSTONE PLAZA #300 HARRISBURG PA 17101 Title MGR GOODNIGHT, DEBORAH Document Searches Page 1 of 2 Forms Help Entity Name Search Submit http: / / www.sunbiz.org/ scripts /cordet.exe ?action= DETFIL &inq_doc numbe... 5/20/2010 www.sunbiz.org - Department of State Page 2 of 2 View image in PDF format 16E ONE KEYSTONE PLAZA #300 View image in PDF format HARRISBURG PA 17101 ANNUAL REPORT Title MGR 03/23/2006 -- BOYLE, STEPHEN View image in PDF format TWO LOGAN SQUARE, 18TH ARCH ST ANNUAL REPORT PHILADELPHIA PA 19103 03/10/2004 -- Annual Reports View image in PDF format Report Year Filed Date ANNUAL REPOR I 2008 01/17/2008 04/2412002 -- 2009 01/13/2009 View image in PDF format i 2010 01/05/2010 ANNUALREPORI Document Images 0907/2001 -- 01/05/2010 — ANNUAL REPORT. View image in PDF format View image in PDF format 01/1312009 - -ANN UAL REPORT View image in PDF format 01/ 1712008 -- ANNUAL REPORT _ View image in PDF format 01104/2007 -- ANNUAL REPORT View image in PDF format 03/23/2006 -- ANNUAL REPORT _ View image in PDF format 02/14/2005 -- ANNUAL REPORT View image in PDF format 03/10/2004 -- ANNUAL. REPORT View image in PDF format 04/25 /2003 -- ANNUAL REPOR I View image in PDF format 04/2412002 -- ANNUAL REPORT View image in PDF format i 0912512001--- ANNUALREPORI View image. in PDF format 0907/2001 -- Foreign Limited View image in PDF format Note: This is not official record. See documents if question or conflict. Previous on List Next on List Return To List Entity Name Search No Events No Name History Submit Home ' Contact us I Document Searches l -FMIM Services i Forms :, Help Copyright and Privacy Polities Copyright " 2007 State of Honda, Department of State. http: / /www. sunbiz.org /scripts /cordet.exe ?action =DETFI L &inq_doc_numbe... 5/20/2010 1 16E I DeLeohDiana From: RaymondCarter Sent: Tuesday, May 25, 2010 2:56 PM To: DeLeonDiana Cc: TeachScott ; ward kelsey; mausen_g; HerreraSandra Subject: FW: 10 -5477 Arbitrage Regate Requirements for Collier County Attachments: 10 -5477 Arbitrage Rebate (PFM).pdf Diana, I have reviewed the insurance certificates provided by PFM Asset Management LLC relative to the contractual obligations and determined they meet the insurance requirements. Ray From: DeLeonDiana Sent: Tuesday, May 25, 2010 2:18 PM To: RaymondCarter Cc: TeachScott; ward_kelsey Subject: 10 -5477 Arbitrage Regate Requirements for Collier County Ray, The attached contract will go to the BCC on June 8t ". However, please review the insurance certificates for compliance so that the contract will not be delayed upon approval by the Board. Thanks, Diana De Leon Purchasing Dept (239)252 -8375 Under Florida Law, e -mail addresses are public records. If you do not want your email address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by telephone or in writing. 16E MEMORANDUM TO: Ray Carter Risk Management Department FROM: Kelsey Ward, Contract Administration Manager Purchasing Department, Extension 8949 DATE: June 8, 2010 RE: Review Insurance for Contract: #10 -5477 "Arbitrage Rebate Requirements for Collier County" Contractor: PFM Asset Management LLC This Contract was approved by the BCC on June 8, 2010, Agenda Item 16.E.1 Please review the Insurance Certificates for the above referenced contract. If everything is acceptable, please forward to the County Attorney for further review and approval. Also, please advise me when it has been forwarded. Thank you. If you have any questions, please contact me at extension 8949. dod /KW C: Derek Johnssen, Finance Entity Name: _ Entity name correct on con,.,.,: Entity registered with FL Sec. of State? RI,S #_._�V_ �_C)4L akyl CIIECKLIST FOR REVIENVING CONTRACTS Insurance Insurance Certificate attached? Insured registered in Florida? Contract# &/or Project referenced on Certificate? Certificate Holder name correct (BCC)? Commercial General Liability General Aggregate Required $_ Products /Compl/Op Required $_V Personal & Advert Required $_ Each Occurrence Required $ \ \ ✓ Yes No ------No es No Yes s No No Yes —No Provided $ �..rt0.�. Exp. DateV,� Provided f: Exp. Date I _ Provided $ kM Exp. Date Provided $ i \ I Exp. Date _ Fire/Prop Damage Required $_ _ Provided $ l wx i �. Exp. Date Automobile Liability / 1 — "— Bodily Inj & Prop Required $_ 013 Akl Provided $_1n01 :AA Exp Date C) Workers Compensation Each accident Required $_ rovided $yy� -�1 Exp Date j L Q Disease Aggregate Required $ weowq ovided $ Exp Date Disease Each Empl Required $ovided $ Exp Date Umbrella Liability y. 1 n — •tom Each Occurrence Provided $ `� TN — LU Exp Date % 3� t v Aggregate Provided $ C ( 2 1 Exp Date t[ • r Does Umbrella sufficiently cover any underinsured portion? —Yes No Professional Liability ' 1 _ Each Occurrence Required $_�� Provided $ � t l( Exp. Date t �O Per Aggregate Required $_ Provided $__ Exp. Date Other Insurance Each Occur Type: Pf�xf� equired $ Provided $2po- Exp Date County required to be named as additional insured? " s No 1t— County named as additional insured? Yes No Indemnification Does indemnification meet County standards? Is County indemnifying other party? Performance Band Bond requirement referenced in contract? If attached, expiration date of bond Does dollar amount match contract? Agent registered in Florida? Signature Blocks Correct executor name in signature block? Correct title of executor? Executor authorized to sign for entity? Proper number of witnesses /notary? Authorization for executor to sign, if necessary: Chairman's signature block? Clerk's attestation signature block? County Attorney's signature block? Attachments Are all required attachments included? Yes \\__No _Yes No Yes No Yes No Yes No S No s No No Yeses 16E 1 No %s No No es No Ycs No Revinver Initials: ✓ `/ /� Date: U 04 -004. 3 _- 2 16E A G R E E M E N T 10-5477 "Arbitrage Rebate Requirements for Collier County" THIS AGREEMENT, made and entered into on this art' day of lAcit- 2010, by and between PFM Asset Management LLC, authorized to do business in the State of Florida, whose business address is 2 Logan Square, Suite 1600, Philadelphia, PA 19103, hereinafter called the "Contractor" and Collier County, a political subdivision of the State of Florida, Collier County, Naples, hereinafter called the "County ": WITNESSETH: I. COMMENCEMENT. The Contractor shall commence the work upon full execution of the contract and upon issuance of a Purchase Order The contract shall be for an initial three (3) year period. The County may, at its discretion and with the consent of the Contractor, renew the Agreement under all of the terms and conditions contained in this Agreement for three (3) additional one (1) year periods. The County shall give the Contractor written notice of the County's intention to extend the Agreement term not less than ten (10) days prior to the end of the Agreement term then in effect. 2. STATEMENT OF WORK. The Contractor shall provide Arbitrage Rebate Requirement services in accordance with the terms and conditions of RFP #10 -5477 and the Contractor's proposal referred to herein and made an integral part of this agreement. This Agreement contains the entire understanding between the parties and any modifications to this Agreement shall be mutually agreed upon in writing by the Contractor and the County project manager or his designee, in compliance with the County Purchasing Policy and Administrative Procedures in effect at the time such services are authorized. 3. COMPENSATION: The County shall pay the Contractor for the performance of this Agreement upon completion or partial completion of the work tasks as accepted and approved by the County Project Manager or his designee, together with the Travel and Reimbursable Expenses as defined in this agreement. The County shall pay the Contractor for the performance of this Agreement an estimated maximum amount of fifty thousand dollars ($50,000.00), pursuant to the fees as set forth in Exhibit "A ", subject to Change Orders as approved in advance by the County. Payments shall be made to the Contractor when requested as work progresses, but not more frequently than once per month. Payment will be made upon receipt of a proper invoice and in compliance with Chapter 218 Fla. Stats., otherwise known as the "Local Government Prompt Payment Act ". Page I of 8 16E_ 1 3.1 Payments will be made for services furnished, delivered, and accepted, upon receipt and approval of invoices submitted on the date of services or within six (6) months after completion of contract. Any untimely submission of invoices beyond the specified deadline period is subject to non - payment under the legal doctrine of " laches° as untimely submitted. Time shall be deemed of the essence with respect to the timely submission of invoices under this agreement. 3.2 TRAVEL AND REIMBURSABLE EXPENSES Travel and Reimbursable Expenses shall not exceed two thousand five hundred dollars ($2,500.00) unless approved in advance in writing by the County. Travel expenses shall be reimbursed as per Section 112.061 Fla. Stats. Reimbursements shall be at the following rates: Mileage $0.445 per mile Breakfast $6.00 Lunch $11.00 Dinner $19.00 Airfare Actual ticket cost limited to tourist or coach class fare Rental car Actual rental cost limited to compact or standard -size vehicles Lodging Actual cost of lodging at single occupancy rate with a cap of no more than $150.00 per night Parkin Actual cost of arkin Taxi or Airport Limousine Actual cost of either taxi or airport limousine Reimbursable items other than travel expenses shall be limited to the following: telephone long - distance charges, fax charges, photocopying charges and postage. Reimbursable items will be paid only after Contractor has provided all receipts. Contractor shall be responsible for all other costs and expenses associated with activities and solicitations undertaken pursuant to this Agreement. 4. SALES TAX. Contractor shall pay all sales, consumer, use and other similar taxes associated with the Work or portions thereof, which are applicable during the performance of the Work. 5. NOTICES. All notices from the County to the Contractor shall be deemed duly served if mailed or faxed to the Contractor at the following Address: Page 2 of 8 16E I PFM Asset Management LLC 2 Logan Square, Suite 1600 Philadelphia, PA 19103 Attn: Mr. Stephen Boyle Managing Director Tel: 215 - 567 -6100 Fax: 215 -567 -4180 All Notices from the Contractor to the County shall be deemed duly served if mailed or faxed to the County to: Collier County Government Center Purchasing Department - Purchasing Building 3301 Tamiami Trail, East Naples, Florida 34112 Attn: Steve Carnell, Purchasing /GS Director Tel: 239- 252 -8371 Fax: 239 - 252 -6584 The Contractor and the County may change the above mailing address at any time upon giving the other party written notification. All notices under this Agreement must be in writing. 6. NO PARTNERSHIP. Nothing herein contained shall create or be construed as creating a partnership between the County and the Contractor or to constitute the Contractor as an agent of the County. 7. PERMITS: LICENSES: TAXES. In compliance with Section 218.80, F.S., all permits necessary for the prosecution of the Work shall be obtained by the Contractor. Payment for all such permits issued by the County shall be processed internally by the County. All non - County permits necessary for the prosecution of the Work shall be procured and paid for by the Contractor. The Contractor shall also be solely responsible for payment of any and all taxes levied on the Contractor. In addition, the Contractor shall comply with all rules, regulations and laws of Collier County, the State of Florida, or the U. S. Government now in force or hereafter adopted. The Contractor agrees to comply with all laws governing the responsibility of an employer with respect to persons employed by the Contractor. 8. NO IMPROPER USE. The Contractor will not use, nor suffer or permit any person to use in any manner whatsoever, County facilities for any improper, immoral or offensive purpose, or for any purpose in violation of any federal, state, county or municipal ordinance, rule, order or regulation, or of any governmental rule or regulation now in effect or hereafter enacted or adopted. In the event of such violation by the Contractor or if the County or its authorized representative shall deem any conduct on the part of Page 3 of 8 16E 1 the Contractor to be objectionable or improper, the County shall have the right to suspend the contract of the Contractor. Should the Contractor fail to correct any such violation, conduct, or practice to the satisfaction of the County within twenty -four (24) hours after receiving notice of such violation, conduct, or practice, such suspension to continue until the violation is cured. The Contractor further agrees not to commence operation during the suspension period until the violation has been corrected to the satisfaction of the County. 9. TERMINATION. Should the Contractor be found to have failed to perform his services in a manner satisfactory to the County as per this Agreement, the County may terminate said agreement for cause; further the County may terminate this Agreement for convenience with a thirty (30) day written notice. The County shall be sole judge of non - performance. 10. NO DISCRIMINATION. The Contractor agrees that there shall be no discrimination as to race, sex, color, creed or national origin. 11. INSURANCE. The Contractor shall provide insurance as follows: A. Commercial General Liability: Coverage shall have minimum limits of $1,000,000 Per Occurrence, Combined Single Limit for Bodily Injury Liability and Property Damage Liability. This shall include Premises and Operations; Independent Contractors; Products and Completed Operations and Contractual Liability. B. Business Auto Liability: Coverage shall have minimum limits of $500,000 Per Occurrence, Combined Single Limit for Bodily Injury Liability and Property Damage Liability. This shall include: Owned Vehicles, Hired and Non -Owned Vehicles and Employee Non- Ownership. C. Workers' Compensation: Insurance covering all employees meeting Statutory Limits in compliance with the applicable state and federal laws. The coverage must include Employers' Liability with a minimum limit of $500,000 for each accident. D. Professional Liability: $2,000,000 per occurrence. Special Requirements: Collier County Government shall be listed as the Certificate Holder and included as an Additional Insured on the Comprehensive General Liability Policy. Current, valid insurance policies meeting the requirement herein identified shall be maintained by Contractor during the duration of this Agreement. Renewal certificates shall be sent to the County ten (10) days prior to any expiration date. There shall be a thirty (30) day notification to the County by Contractor in the event of cancellation or modification of any stipulated insurance coverage. Page 4 of 8 16E I Contractor shall insure that all subContractors comply with the same insurance requirements that he is required to meet. The same Contractor shall provide County with certificates of insurance meeting the required insurance provisions. 12. INDEMNIFICATION. To the maximum extent permitted by Florida law, the Contractor shall indemnify and hold harmless Collier County, its officers and employees from any and all liabilities, damages, losses and costs, including, but not limited to, reasonable attorneys' fees and paralegals' fees, to the extent caused by the negligence, recklessness, or intentionally wrongful conduct of the Contractor or anyone employed or utilized by the Contractor in the performance of this Agreement. This indemnification obligation shall not be construed to negate, abridge or reduce any other rights or remedies which otherwise may be available to an indemnified party or person described in this paragraph. This section does not pertain to any incident arising from the sole negligence of Collier County. 13. CONTRACT ADMINISTRATION. This Agreement shall be administered on behalf of the County by the Finance Department, 14. CONFLICT OF INTEREST: Contractor represents that it presently has no interest and shall acquire no interest, either direct or indirect, which would conflict in any manner with the performance of services required hereunder. Contractor further represents that no persons having any such interest shall be employed to perform those services. 15. COMPONENT PARTS OF THIS CONTRACT This Contract consists of the attached component parts, all of which are as fully a part of the contract as if herein set out verbatim: Contractor's Proposal, Insurance Certificate, RFP #10 -5477- "Arbitrage Rebate Requirements for Collier County" Specifications/ Scope of Services and Addendum, Exhibit A. 16. SUBTECT TO APPROPRIATION. It is further understood and agreed by and between the parties herein that this agreement is subject to appropriation by the Board of County Commissioners. 17. PROHIBITION OF GIFTS TO COUNTY EMPLOYEES No organization or individual shall offer or give, either directly or indirectly, any favor, gift, loan, fee, service or other item of value to any County employee, as set forth in Chapter 112, Part III, Florida Statutes, Collier County Ethics Ordinance No. 2004 -05, and County Administrative Procedure 5311. Violation of this provision may result in one or more of the following consequences: a. Prohibition by the individual, firm, and /or anv employee of the firm from contact with County staff for a specified period of time; b. Prohibition by the individual and /or firm from doing business with the County for a specified period of time, including but not limited to: submitting bids, RFP, and /or quotes; and, c. immediate termination of any contract held by the individual and/or firm for cause. Page 5 of 8 16E I 18. IMMIGRATION LAW COMPLIANCE By executing and entering into this agreement, the Contractor is formally acknowledging without exception or stipulation that it is fully responsible for complying with the provisions of the Immigration Reform and Control Act of 1986 as located at 8 U.S.C. 1324, et seq. and regulations relating thereto, as either may be amended. Failure by the Contractor to comply with the laws referenced herein shall constitute a breach of this agreement and the County shall have the discretion to unilaterally terminate this agreement immediately. 19. OFFER EXTENDED TO OTHER GOVERNMENTAL ENTITIES. Collier County encourages and agrees to the successful proposer extending the pricing, terms and conditions of this solicitation or resultant contract to other governmental entities at the discretion of the successful proposer. 20. AGREEMENT TERMS. If any portion of this Agreement is held to be void, invalid, or otherwise unenforceable, in whole or in part, the remaining portion of this Agreement shall remain in effect. 21. ADDITIONAL ITEMS /SERVICES. Additional items and /or services may be added to this contract upon satisfactory negotiation of price by the Contract Manager and Contractor. 22. DISPUTE RESOLUTION. Prior to the initiation of any action or proceeding permitted by this Agreement to resolve disputes between the parties, the parties shall make a good faith effort to resolve any such disputes by negotiation. The negotiation shall be attended by representatives of Contractor with full decision- making authority and by County's staff person who would make the presentation of any settlement reached during negotiations to County for approval. Failing resolution, and prior to the commencement of depositions in any litigation between the parties arising out of this Agreement, the parties shall attempt to resolve the dispute through Mediation before an agreed -upon Circuit Court Mediator certified by the State of Florida. The mediation shall be attended by representatives of Contractor with full decision- making authority and by County's staff person who would make the presentation of any settlement reached at mediation to County's board for approval. Should either party fail to submit to mediation as required hereunder, the other party may obtain a court order requiring mediation under section 44.102, Fla. Stat. Any suit or action brought by either party to this Agreement against the other party relating to or arising out of this Agreement must be brought in the appropriate federal or state courts in Collier County, Florida, which courts have sole and exclusive jurisdiction on all such matters. 23. KEY PERSONNEL/PROJECT STAFFING: The proposer's personnel and management to be utilized for this project shall be knowledgeable in their areas of expertise. The County reserves the right to perform investigations as may be deemed necessary to insure that competent persons will be utilized in the performance of the contract. Selected Page 6 of 8 16E firm shall assign as many people as necessary to complete the project on a timely basis, and each person assigned shall be available for an amount of time adequate to meet the dates set forth in the Project Schedule. Firm shall not change Key Personnel unless the following conditions are met: (1) Proposed replacements have substantially the same or better qualifications and /or experience. (2) that the County is notified in writing as far in advance as possible. Firm shall make commercially reasonable efforts to notify Collier County within seven (7) days of the change. The County retains final approval of proposed replacement personnel. 0 IN WITNESS WHEREOF, the Contractor and the County, have each, respectively, by an authorized person or agent, hereunder set their hands and seals on the date and year first above written. ATTEST: Dwight E: Brock, Cletk_of Courts By: Y Dated: 0 (SEAL) Attest as U 041r um t i sacq First Witness :rex 4N I' , D; q7U rc o TType / print /witness nameT Second Witness TType /print witness nameT Approved as to form and le su ficiency: §tAtt R. Teac Deputy County Attorney Page 7 of 8 BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA C� By: w Fred W. Coyle, Chairman_ PFM Asset Management LLC Contractor By: Signature j Typed signature and title 16E I Exhibit A Fee Schedule (Applies for all issues, existent or new) Base fee per issue per report $2175.00 New issue set -up 600.00 Transferred proceeds, per set 500.00 Variable rate issue add -on 550.00 Preparation of filing forms (8038 -T, 8038 -R) if needed 350.00 Annual reimbursable expenses are Not to Exceed $2500.00 per year based on actual expenditures. Consultation fees are 80% of standard hourly rates as identified below, there is no charge for questions regarding work performed by PFM Title Hourly Rate Managing Director $525.00 Senior Managing Consultant 380.00 Consultant(s) 135.00 - 180.00 (depends on level of professional involved) Associate 75.00 - 90.00 Note: Future year price adjustments will be based on the Consumer Price Index - Urban All Products Index - base period November 2010 Page 8 of 8 16E A� ° CERTIFICATE OF LIABILITY INSURANCE 5D 4'MZaOo ) PRODUCER Phone: 212 - 344 -2444 Fax: 212 - 509 -1292 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION Frank Crystal & Co., Inc. ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE Financial Square HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR 32 Old Slip ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. New York NY 10005 INSURERS AFFORDING COVERAGE NAIC # INSURED INSURERA Indian Harbor Insurance Co. 36940 PFM Asset Management LLC _. INSURER Two Logan Square, Suite 1600 suRERe 18th and Arch Streets INSURER Philadelphia PA 19103 �INSURERo COVFRAGFS THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSRADD' - POLICYEFFECTIVE POLICY EXPIRATION'S TYPE OF INSURANCE POLICY NUMBER T LIMITS GENERAL LIABILITY ! EACH OCCURRENCE $ _ DAMAGETO RENTED - -- - -- COMMERCIAL GENERAL LIABILITY I -1 PREMISES (Ea occurrence) $ CLAIMS MADE _.I OCCUR I F_ MED EKE (Any one person) $ PERSONAL& ADV INJURY $ GENERAL AGGREGATE s GEN'L AGGREGATE LIMIT APPLIES PER PRODUCTS - COMP /OPAGG $ POLICY PRO- LOC ACT AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT !. ANY AUTO (Ea accitlenp i $ ALL OWNED AUTOS 1 BODILY INJURY SCHEDULED AUTOS '� I (Perpersen) $ - HIRED AUTOS ! BODILY INJURY NON OWNED AUTOS (Per a,miders $ - - - -- - PROPERTY DAMAGE $ (Per ao,,denq GARAGE LIABILITY AUTO ONLY - EA ACCIDENT $ ANY AUTO OTHER THAN _EA ACC $ AUTO ONLY AGG $ I EXCESS I UMBRELLA LI ABILITY ''I � EACH OCCURRENCE $ 'I, OCCUR _ CLAIMS MADE AGGREGATE _ $ DEDUCTIBLE $ RETENTION $ $_ WORKERS COMPENSATION I WC STATI-1,A OTH- AND EMPLOYERS' LIABILITY YIN TORY IMIT ER ANVPROPRIETOR /PARTNER /EXECUTIVE❑ EL EACH ACCIDENT $ DEFlCER/MEMBE)EXCWDEDi - - -- (MAntlatoo b NH) S EL DISEASE - EA EMPLOYEE $ If yes a _- -- _- - AL PR PROVISIONS I SPECIAL PROVISIONS below EL DISEASE - POLICY LIMIT 1 8 A OTHER IFLU11455709 111/30/2009 11/30/2010 Limit of Liability $2,000,000 Professional Liability '.. DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES I EXCLUSIONS ADDED BY ENDORSEMENT I SPECIAL PROVISIONS Evidence of Insurance only. The Professional Liability Policy is non - cancelable by the Insurer except for non - payment of premium. LCR I Ir'II,A I C 11ULUCR UAINLCLLA I IUINN C SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL 30 DAYS WRITTEN NOTICE TO THE Collier County Florida CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SO Contract Administration, Bldg. G SHALL IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON 3301 Tamiami Trail East THE INSURER, ITS AGENTS OR REPRESENTATIVES. Naples FL 34112 AUTHORIZED REPRESENTATIVE /y, s4 ti. y. .I •r . ACORD 25 1201 1011 The ACORD name and logo are registered marks of ACORD TIDN All Anhfo .nann•nr1 16E 1 IMPORTANT If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). DISCLAIMER This Certificate of Insurance does not constitute a contract between the issuing insurer(s), authorized representative or producer, and the certificate holder, nor does it affirmatively or negatively amend, extend or alter the coverage afforded by the policies listed thereon. ACORD 25 (2009/01 _ 16E I �``°RO® CERTIFICATE OF LIABILITY INSURANCE SDzl'zolo I PRODUCER Phone: 212 -344 -2444 Fax: 212 -509 -1292 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION Frank Crystal & Co., Inc. ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE Financial Square HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR 32 Old Slip ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. New York NY 10005 INSURERS AFFORDING COVERAGE NAIC # INSURED INSURERA'Federal Insurance Company.__ 0281 _ PFM Asset Management LLC wsuRER e'.Great Northern Ins. Co. ,20303 Two Logan Square, Suite 1600 -- - -- -- 18th and Arch Streets - wsURERC: _.., Philadelphia PA 19103 INSURER D: 131 :71W*11 THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR DD' TYPE T POLICY NUMBER POLICY EFFECTIVE DATE IMM1DD1YYYYI POLICY EXPIRATION 128M IMM/I LIMITS $ GENERAL LIABILITY 35363950 11/30/2009 11/30/2010 1 EACH OCCURRENCE $1,000,000 X COMMERCIAL GENERAL LIABILITY 11 _J DAMA PREMISES Igo occurence -- $1,000, OQC IMED I(Ary. are Person) _ $10,000 CLAIMS MADE fX OCCUR 'PERSONAL &ADV INJURY _ $1,000,000__ GENERALAGGREGATE $2 OGO 000 GEN'LAGGREGATE LIMITAPPLIES PER (PRODUCTS - COMRADE AGO - $Included _ X POLICY PRO- LOD A AUTOMOBILE LIABILITY ANY AUTO 73248555 11/30/2009'11/30 /2010 COMBINED SINGLE LIMIT (Ea accitlent) $1,000,000 $ ALL OAMED AUTOS SCHEDULED AUTOS BODILY INJURY (Per person) X BODILY NJURY HIRED AUTOS X NON OM AUTOS (Per r arr accitlent) $ PROPERTY DAMAGE (Per acciden) $ GARAGE LIABILITY AUTO ONLY - EA ACCIDENT $ - OTHER THAN EA ACC AUTO ONLY'. AGG $ ANY AUTO $ A X ESS I UMBRELLA LIABILITY XC OCCUR CLAIMS MADE 79774080 X11/30/2009 11/30/2010 EACH OCCURRENCE AGGREGATE $141000,000 $1O 000r_Q,00_ IS DEDUCTIBLE $ RETENTION $ B WORKERS COMPENSATION AND EMPLOYERS' LIABILITY YIN 71642435 11/30/2009 111 `nC 5TATU- OTH- / 3 O/ 2 O l O X _ER $ 1_0001000 ANY PROPRIETOR /PARTNER/EXECUTIVE OFFICERRd EMBER EXCLUDED? (fyes,dorylnNH) tle cr EL. EACH ACCIDENT - -.. DEL. DISEASE - EA EMPLOYE ` - -- - - $11000,000 - -- Syes, SPECIAL PROVISIONS below PRO ISIO ' E.L. DISEASE - POLICY LIMIT $1 OOO OOO B !OTHER 35363950 '11/30/2009 Value of Property :Property including theft ,11/30/2010 $200,000 Subject to policy exclusion DESCRIPTION OF OPERATIONS I LOCATIONS /VEHICLES I EXCLUSIONS ADDED BY ENDORSEMENT I SPECIAL PROVISIONS It is hereby understood and agreed that Collier County is included as an Additioanl Insured with respect to General Liability and Non -Owned & Hired Automobile coverage only. his insurance shall be primary and non - contributory. See Attached... SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING INSURER WILL MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER Collier County Florida NAMED TO THE LEFT. Contract Administration, Bldg. G 3301 Tamiami Trail East Naples FL 34112 AUTHORQED REPRESENTATIVE � iL ♦ r' . ACORD 25120091011 01988 -2009 ACORD CORPORATION_ All rinhrR rc..I The ACORD name and logo are registered marks of ACORD 16E 1 IMPORTANT If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). DISCLAIMER This Certificate of Insurance does not constitute a contract between the issuing insurer(s), authorized representative or producer, and the certificate holder, nor does it affirmatively or negatively amend, extend or alter the coverage afforded by the policies listed thereon. AG V KU ZO iZUUeIUI t 16E 1 'idence of coverage c Workers Compensation 16E 1 Liability Insurance Endorsement Policy Period NOVEMBER 30, 2009 TO NOVEMBER 30,20 10 Effective Date MAY 21. 2010 Policy Number 3536 -39 -50 DTO Insured PFM ASSET MANAGEMENT LLC Name of Company GREAT NORTHERN INSURANCE COMPANY This Endorsement applies to the following forms: GENERAL LIABILITY Who Is An Insured Scheduled Person or Organization Under Who Is An Insured, the following provision is added: Subject to all of the terms and conditions of this insurance, any person or organization shown in the Schedule, acting pursuant to a written contract or agreement between you and such person or organization, is an insured; but they are insureds only with respect to liability arising out of your operations, or your premises, if you are obligated, pursuant to such contract or agreement, to provide them with such insurance as is afforded by this policy. However, no such person or organization is an insured with respect to any: assumption of liability by them in a contract or agreement. "This limitation does not apply to the liability for damages for injury or damage, to which this insurance applies, that the person or organization would have in the absence of such contract or agreement. damages arising out of their sole negligence. Scheduled Person or Organization Collier County Florida Contract Administration, Bldg. G 3301 Tamiami Trail East Naples, FL 34112 All other terms and conditions remain unchanged. Liability Insurance Additional insured- Scheduled Person Or Organization continued 80 -02 -2367 (Rev. 8 -04) Endorsement Page 1