44-18 Exhibit for Financial Services Consultant - 2018.pdf

AGREEMENT FOR FINANCIAL CONSULTING SERVICES THIS AGREEMENT made and entered into on this 3 day of January, 2018 by and between the TOWNSHIP OF WEST ORANGE, a municipal corporation of the State of New Jersey, located at Town Hall, 66 Main Street, West Orange, County of Essex and State of New Jersey, hereinafter called the “TOWNSHIP”, party of the first part, and NW FINANCIAL GROUP, LLC, located at 2 Hudson Place, Hoboken, County of Hudson and State of New Jersey, hereinafter referred to as “CONSULTANT”, party of the second part. WITNESSETH THAT: WHEREAS, the Governing Body of the TOWNSHIP has determined that it is in the best interests of the TOWNSHIP to retain the services of CONSULTANT to provide financial consulting services; NOW, THEREFORE, in consideration of the mutual promises, terms and conditions hereinafter set forth, the parties hereto agree as follows: 1. The TOWNSHIP hereby retains the services of CONSULTANT for the period January 1, 2018 through December 31, 2018 at the following rates: a. Principal - $225/hr b. Managing Director - $220/hr c. Senior Vice President - $180/hr d, Vice President - $170/hr @. Associate - $160/hr 2. CONSULTANT is hereby placed on notice that no Department Head, individual member of the Governing Body, or any agent, servant or employee of the TOWNSHIP possesses any lawful authority to: (a) engage the rendition of services or the performance of work; (b) authorize the continuation of services or work beyond the amount specifically approved in the Resolution and Certificate of Funds; or to (c) represent that future funds will be available as compensation for current services. Any such acts shall be deemed ultra vires and