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*CITY OF HUNTINGTON
MEETING DATE: April 5, 2004
DEPARTMENT ID NU
(Y)C cam;. 4Zy
Mc R�1Aws �&
M ER: AS-04-010
Council/Agency Meeting Held: 0 _
Deferred/Continued to:
;�(Approved ❑ Conditionally Approved ❑ Denied
Ci /C rk's ign ur
/ ry
Council Meeting Date: April 5, 2004
Departm Number: AST- 04ap10
CITY OF HUNTINGTON BEACH
.REQUEST FOR ACTION
SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL
C_9
SUBMITTED BY: RAY SILVER, CITY ADMINISTRATOR
JENNIFER McGRATH, CITY ATTORNE
PREPARED BY: JENNIFER McGRATH, CITY ATTORNE
CLAY MARTIN, DIRECTOR OF ADMINISTRATIVE SERVICES
SUBJECT: SELECTION OF BOND AND DISCLOSURE COUNSEL..FOR BONDS
TO FUND PROPERTY TAX OVERRIDE REFUNDS
Statement of Issue, Funding Source,. Recommended Action, Alternative Action(s), Analysis, Environmental Status, Attachment(s)
Statement of Issue:
Should the city approve an agreement with Jones Hall, A Professional Law Corporation, to
serve as bond counsel in connection with the sale of judgment bonds to fund property tax
override refund claims, and an agreement with Quint & Thimmig, LLP, to serve as disclosure
counsel relating to the issuance of the same bonds?
Funding Source:
Funding for Jones Hall bond counsel services (not -to -exceed $70,000, inclusive of costs) and
Quint & Thimmig's disclosure counsel services ($25,000, inclusive of costs) will be included
as part of the cost of issuing the bonds.
Recommended Action:
Authorize the Mayor and City Clerk to execute the agreements with Jones Hall, A
Professional Law Corporation and Quint & Thimmig, LLP, to serve as bond counsel and
disclosure counsel respectively.
Alternative Action(s):
Do not authorize the Mayor and City Clerk to execute the agreements and provide staff with
appropriate direction.
G:\RCA\Bond Counsel RCA.doc 0 . 3/30/2004 8:24 AM
• REQUEST FOR ACTIONS
MEETING DATE: April 5, 2004 DEPARTMENT ID NUMBER: AS-04-010
Background:
At its November 3, 2003 meeting, the City Council directed the City Administrator to begin
preparations to issue bonds to fund property tax override refunds. Staff immediately began
working to assemble the consultant team that will assist the City in issuing judgment bonds.
The consultant team will consist of five experts: Financial Advisor, Bond Counsel,
Disclosure Counsel, Underwriter, and Trustee.
Bond Counsel advises and assists the City in developing and executing the financing plan,
and, in particular: (1) prepares all legal documents required for issuance and sale of the
Bonds, (2) issues an Opinion that the interest paid on the bonds is exempt from federal and
state taxes, and (3) represents the City in a "validation" lawsuit to establish that issuance of
the bonds is legally permissible because payment of the tax refunds is an "obligation,
imposed by law."
Disclosure Counsel's chief function is to prepare the bond offering documents to ensure
that the bond purchasers are fully informed as to the nature and risks of the bonds. More
specifically, Disclosure Counsel provides the following services: (1): prepares the Official
Statement and other disclosure documents in connection with the offering of.the Bonds, (2)
prepares the bond purchase contract pursuant to which the Bonds will be sold to the
underwriter, and (3) provides a letter addressed to the underwriter of the Bonds regarding
the completeness and fairness of the statements contained in the Official Statement.
Bond and Disclosure Counsel Selection
On November 21, 2003 the City issued a Request for Qualifications (RFQ) to bond and
disclosure counsel firms. The City received responses to its RFQ from the following firms:
1. Jones Hall
2. Orrick, Herrington & Sutcliffe
3. Quint & Thimmig, LLP
4. Best Best & Krieger, LLP
5. Fulbright & Jaworski, LLP
After reviewing the responses to the RFQ, three firms -- Jones Hall, Orrick, Herrington and
Quint & Thimmig -- . were invited to participate in interviews with the Assistant City
Administrator, Director of Administrative Services, Assistant City Attorney, the Principal
Administrative Analyst from the City Administrator's Office, the Senior Administrative
Analyst in the Administrative Services Department, and the Financial Advisor. The
interview panel voted to recommend Jones Hall for bond counsel and Quint & Thimmig as
disclosure counsel because of their previous experience in assisting other agencies with
judgment bonds.
Jones Hall assigned Charles F. Adams, Attorney at Law, as Bond Counsel. Mr. Adams
has approximately 23 years of municipal bond experience and joined Jones Hall in 1979.
He has practiced municipal bond law continuously since 1976 with experience in all areas
G:\RCA\Bond Counsel RCA.doc 4- 3/30/2004 8:24 AM
OZ-
REQUEST FOR ACTION
MEETING DATE: April 5, 2004 DEPARTMENT ID NUMBER: AS-04-010
of municipal financing as bond counsel, and is the only attorney with specific experience
with judgment bonds.
Brian Quint of Quint & Thimmig will serve as disclosure counsel. Mr. Quint has represented
the City in numerous prior bond sales, and will be particularly able to provide a full and fair
offering statement.
Bond Counsel Costs
Jones Hall will provide all bond counsel services necessary for a successful judgment
obligation bond issuance using the following fee schedule:
• One-half of one percent (.5%) of the first $5 million principal amount or $25,000.
• One -quarter of one percent (.25%) of the next $10 million principal amount or
$25,000.
• One -eighth of one percent (.125%) for the remaining principal amount.
Based on a $25 million bond issuance the -approximate fee to Jones Hall will be $62,500.
Jones Hall will be reimbursed for actual expenses including travel, meals, communications,
reproduction, and outside graphics, up to $2,000.00
Disclosure Counsel Costs
Quint & Thimmig, LLP, will provide all disclosure counsel services necessary for a
successful judgment obligation bond issuance for a flat fee of $25,000, inclusive of costs.
Total Costs
Funding for Jones Hall bond counsel services and Quint & Thimmig disclosure counsel
services will be included as part of the cost of issuing bonds.
Next Steps
At the March 1, 2004 City Council Meeting the City Council approved the selection of
Public Financial Management (PFM) as the city's Financial Advisor. Once the Financial
Advisor, Bond Counsel and Disclosure Counsel are in place, staff will request the Council
to authorize the issuance of judgment bonds at its April 19, 2004 meeting.
Attachment(s):
Professional Service Agreement with Jones Hall, A Professional Law
Corporation
2 Professional Service Agreement with Quint & Thimmig, LLP
RCA Author: William McReynolds
G:\RCA\Bond Counsel RCA.doc _4 3/30/2004 8:24 AM
3
Hot"CITY OF HUNTINGTON BEACH
ES 2000 MAIN STREET CALIFORN[A 92648
OFFICE OF THE CITY CLERK
CONNIE BROCKWAY
CITY CLERK
LETTER OF TRANSMITTAL OF ITEM APPROVED BY THE CITY COUNCIL/
REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH
DATE: Aag=
TO. 4e"S�-c.c._ 4 A�a °, L 4t J ATTENTION:
Name �7_ _
s�a eee 0At =04A)/ �S , f 7*FLWIo DEPARTMENT: /�yy
\�Hy l72�C1 S CO Oq g410 e- REGARDING: 74RaaV&/Jr - COu EUE'L ,eE:
City, State, Zip r.
See Attached Action Agenda Item /U Date of Approval �/ O
Enclosed For Your Records Is An Executed Copy Of The Above Referenced Agenda Item.
Remarks:
dmw-ei oafe�a;�-
Connie Broc y
City Clerk
Attachments: Action Agenda Page J" Agreement
RCA
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N � Dep ent
Na Depa ment
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Nl�. Department
Name Department
Bonds
Insurance ` i,—
Deed
Other
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RCA
Agreement
Insurance Other
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RCA
Agreement
Insurance Other
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RCA
Agreement
Insuran Other
RCA
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Insurancce
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AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH
AND JONES HALL FOR BOND COUNSEL REGARDING
PROPERTY TAX OVERRIDE REFUNDS PURSUANT TO
HOWARD JARVIS TAXPAYERS v. CITY OF HUNTINGTON BEACH
Table of Contents
Section
Page
1
Employment
1
2
Fees .
1
3
Reporting
2
4
Termination
2
5
Hold Harmless
2
6
Independent Contractor
2
7
Workers' Compensation
3
8
Professional Liability Insurance
3
9
Certificates of Insurance
4
10
Responsible Attorney .
4
11
Delegation
5
12
Modification
5
13
City Employees and Officials.
5
14
Immigration
5
15
Nondiscrimination
5
16
Notices
5
17
Entire Agreement
6
•
AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH
AND JONES HALL FOR BOND COUNSEL REGARDING
PROPERTY TAX OVERRIDE REFUNDS PURSUANT TO
HO WARD JAR VIS TAXPA YERS v CITY OF HUNTINGTON BEACH
THIS AGREEMENT is made and entered into this 5T14-day ofAR&L- , 2004,
by and between the CITY OF HUNTINGTON BEACH ("City") and JONES HALL ("Legal
Counsel")
WHEREAS, City desires to employ bond counsel in connection with the issuance of
Judgment Bonds to fund property tax override refunds pursuant to Howard Jarvis Taxpayers v.
City of Huntington Beach, 110 Cal.AppAth 1375 ("Project");
Legal Counsel represents that it is ready, willing and able to provide the legal services to
the City;
NOW, THEREFORE, the parties hereto mutually agree as follows:
SECTION 1. Employment. City hereby employs Legal Counsel and Legal Counsel
hereby accepts such employment to serve as bond counsel to the City in connection with the
proposed Project. In serving as bond counsel for the proposed Project, Legal Counsel shall
perform the services described in the Scope of Services attached hereto as Exhibit A.
SECTION 2. Fees. Legal Counsel's fee for serving as bond counsel shall be
contingent upon the issuance of the Judgment Bonds. The fee shall be determined according to
the following fee schedule (excluding expenses):
• One-half of one percent (.5%) of the first $5 million principal amount or $25,000.
• One -quarter of one percent (.25%) of the next $10million principal amount or
$25,000.
• One -eighth of one percent (.125%) for the remaining principal amount.
04agree/Jones Hall — Bond Counsel — Jarvis v. CHB
In addition, costs shall not exceed Three Thousand Five Hundred Dollars ($3,500.00).
SECTION 3. Reporting. In performing legal services under this Agreement, Legal
Counsel shall work under the direction and control of the City Attorney and shall not render
additional legal services other than those specified in this Agreement without the advance
concurrence of the City Attorney. Legal Counsel shall consult with the City Attorney on the
strategy and conduct of the case and shall not file any motions without prior approval of the City
Attorney.
SECTION 4. Termination. This Agreement may be terminated by the City at any
time by giving written notice to Legal Counsel with or without cause. In the event of
'termination, all finished and unfinished documents, pleadings, exhibits, reports, and evidence
shall, at the option of the City, become its property and shall be delivered to it by Legal Counsel.
SECTION 5. Hold Harmless. Legal Counsel shall protect, defend, indemnify and
hold harmless City, its officers, officials, employees and agents from and against any and all
liability, loss, damage, expenses, costs (including without limitation costs and fees of litigation
of every nature) arising out of or in connection with Legal Counsel's performance of this
Agreement or its failure to comply with any of its obligations contained in this Agreement,
except such loss or damage which was caused by the negligence or willful misconduct of the
City.
SECTION 6. Independent Contractor. Legal Counsel is, and shall be, acting at all
times in the performance of this Agreement as an independent contractor herein and not as an
employee of City. Legal Counsel shall secure at its expense and be responsible for any and all
payment of income tax, social security, state disability insurance compensation, unemployment
compensation, Workers' Compensation, and payroll deductions for Legal Counsel and its
2
04agree/Jones Hall — Bond Counsel — Jarvis v. CHB
•
•
officers, agents and employees, and all business licenses, if any, in connection with the services
to be performed hereunder.
SECTION 7. Workers' Compensation. Legal Counsel shall comply with all of the
provisions of the Workers' Compensation Insurance and Safety Acts of the State of California,
the applicable provisions of Division 4 and 5 of the California Labor Code and all amendments
thereto; and all similar state or federal acts or laws applicable; and shall indemnify, defend and
hold harmless City from and against all claims, demands, payments, suits, actions, proceedings
and judgments of every nature and description, including attorneys' fees and costs presented,
brought or recovered against City, for or on account of any liability under any of said acts which
may be incurred by reason of any work to be performed by Legal Counsel under this Agreement.
SECTION 8. Professional Liability Insurance. Legal Counsel shall furnish a
professional liability insurance policy covering the work performed by it hereunder. Said policy
shall provide coverage for Legal Counsel's professional liability in an amount not less than
$5,000,000 per occurrence and in the aggregate. A claims made policy shall be acceptable if the
policy further provides that:
The policy retroactive date coincides with or precedes the professional services
contractor's start of work (including subsequent policies purchased as renewals or
replacements).
2. Legal Counsel will make every effort to maintain similar insurance during the
required extended period of coverage following project completion, including the
requirement of adding all additional insureds.
3. If insurance is terminated for any reason; Legal Counsel agrees to purchase an
extended reporting provision of at least two (2) years to report claims arising from
work performed in connection with this Agreement.
3
04agree/Jones Hall — Bond Counsel — Jarvis v. CHB
4. The reporting of circumstances of incidents that might give rise to future claims.
Under no circumstances shall this insurance contain a self -insured retention, or a
"deductible" or any other similar form of imitation on the required coverage in
excess of $250,000.
SECTION 9. Certificates of Insurance. Prior to commencing performance of the
work hereunder, Legal Counsel shall furnish to City certificates of insurance subject to approval
of the City Attorney evidencing the foregoing insurance coverages as required by this
Agreement; said certificates shall:
provide the name and policy number of each carrier and policy;
2. shall state that the policy is currently in force; and
3. shall provide that such policies shall not be suspended, voided or canceled by
either party, reduced in coverage or in limits except after thirty days prior written
notice; however, ten days prior written notice in the event of cancellation for
nonpayment of premium.
Legal Counsel shall maintain the foregoing insurance coverages in force until the work
under this Agreement is fully completed and accepted by City.
The requirement for carrying the foregoing insurance coverages shall not derogate from
the provisions for indemnification of City by Legal Counsel under the Agreement. City or its
representative shall at all times have the right to demand the original or a copy of all said policies
of insurance. Legal Counsel shall pay, in a prompt and timely manner, the premiums on all
insurance hereinabove required.
SECTION 10. Responsible Attorney. Legal Counsel hereby appoints CHICK
ADAMS as the attorney primarily responsible for the services rendered hereunder. Primary
4
04agree/Jones Hall — Bond Counsel — Jarvis v. CHB
responsibility for the work shall rest with CHICK ADAMS, and no work will be assigned to
attorneys within the firm without the written consent of the City Attorney.
SECTION 11. Delegation. This Agreement is a personal services agreement, and the
services provided hereunder shall not be performed by or delegated to any person or entity other
than Legal Counsel without the express prior written approval of the City Attorney.
SECTION 12. Modification. No waiver or modification of this Agreement or of
any covenant, condition, or limitation herein contained shallbe valid unless in writing and duly
executed by the party to be charged therewith.
SECTION 13. City Employees and Officials. Legal Counsel shall not employ any
City official or any regular City employee in the work performed pursuant to this Agreement.
No officer or employee of City shall have any financial interest in this Agreement in violation of
California Government Code Section 1090, et seq.
SECTION 14. Immigration. Legal Counsel shall be responsible for full
compliance with the immigration and naturalization laws of the United States and shall, in
particular, comply with the provisions of 8 U.S.C. § 1324a regarding employment verification.
SECTON 15. Nondiscrimination. Legal Counsel agrees not to discriminate against
any person or class of persons by reason of sex, age, race, color, creed, physical handicap, or
national origin in employment practices and in the activities conducted pursuant to this
agreement, in accordance with Government Code § 19702.
SECTION 16. Notices. Any notices or special instructions required to be given in
writing under this Agreement shall be given either by personal delivery to Legal Counsel or to
the City Attorney as the situation shall warrant, or by enclosing the same in a sealed envelope,
postage prepaid, and depositing the same in the United States Postal Services, addressed as
follows:
5
04agree/Jones Hall — Bond Counsel — Jarvis v. CHB
•
TO CITY:
Jennifer McGrath, City Attorney
City of Huntington Beach
2000 Main Street
Huntington Beach, CA 92648
Telephone: (714) 536-5555
Facsimile: (714) 374-1590
TO LEGAL COUNSEL:
Jones Hall
Attorneys at Law
650 California Street, Eighteenth Floor
San Francisco, CA 94108
Telephone: (415) 391-5780
Facsimile: (415) 391-5784
SECTION 17. Entire Agreement. This Agreement contains the entire agreement
between the parties respecting the subject matter of this Agreement and supersedes all prior
understandings and agreements, whether oral or in writing.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by and through their authorized officers the day, month and year first above written.
JONES HALL, a Professional Law Corporation
By: S
Ckoa(%es T )&aV-k_S
print name
ITS: (circle one) Chairm residen ice President
AND
��/ors /t ��✓ C: �d�ie J11L
print name
ITS: (circle one) Secretary/ hief Financial Officer
Asst. Secretary — Treasurer
6
04agree/Jones Hall — Bond Counsel — Jarvis v. CHB
CITY OF HUNTINGTON BEACH,
a municipal corporation of the
Stat i
Mayor
City Clerk �/7
APPROVED AS TO FORM:
n 9A
City Attorney
�llo�
REVIEWED AND APPROVED:
Q
Cit dministrator
0 •
EXHIBIT A
SCOPE OF SERVICES
For a typical Judgment Obligation Bond issue, our services include (but are not limited to) the
following.
Preparation of all legal documents required for the issuance and sale of the Bonds,
including an Indenture of Trust and approving resolution(s) of the City Council.
2. Determination of tax-exempt status of the Bonds.
3. Preparation of all documents required for judicial validation of the Bonds, including the
Complaint, form of Summons, Memorandum of Points and Authorities, proposed form of
Judgment, and other necessary pleadings. All appearances and filing will be made by the
City Attorney, who will be listed together with Jones Hall as counsel to the City.
4. Attending all meetings requested by the City to review the financing and the legal
documents, including attending City Council meeting at which the resolution authorizing
the Bonds is considered.
5. Attending rating agency presentations, if any.
6. Preparing appendices to Official Statement relating to summary of legal documents and
form of legal opinion.
7. Reviewing Official Statement for accuracy and completeness of disclosure relating to the
Bonds and the legal documents.
8. Preparation of all closing documentation, and coordinating all aspects of the Bond
closing.
9. Rendering an approving legal opinion to the City as to the validity of the Bonds and the
tax-exempt status of interest on the Bonds.
INSURANCE AND INDEMNIFICATION WAIVER
MODIFICATION REQUEST
1. Requested by: Jennifer McGrath
2. Date: March 31, 2004
3. Name of contractor/permittee: Jones Hall, LLC
4. Description of work to be performed: Bond Counsel for Judgement Bond
5. Value and length of contract: 1 year
6. Waiver/modification request: 30 day cancellation clause wording
7. Reason for request and why it should be granted: Unable to delete language
8. Identify the risks to the City in approving this waiver/modification: City may not receive
notice of cancellation.
3/31 /04
Department Head Signature Date:
P g
APPROVALS
Approvals must be obtained in the order listed on this form. Two approvals are required
for a request to be granted. Approval from the City, Administrator's Office is only required if
Risk Management and the City Attorney's Office disagree.
1. Risk Management i
/approved ❑ Denieda
Si a ure Date
2. City Attorney's Office
,bApproved ❑ Denied /
Signature Date
3. City Administrator's Office
❑ Approved ❑ Denied
Signature Date
If approved, the completed waiver/modification request is to be submitted to the
City Attorney's Office along with the contract for approval. Once the contract has been approved,
this form is to be filed with the Risk Management Division of Administrative Services
Documend 3/31/200411:21 AM
03/31/04 10:59 FAX 415 391 5791 JONES HALL
a
Z 004
)
ACORD CERTIFIC OF INSURANCE 'ss"Ma
hE19', 2004
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO
PRODUCER / oO
RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND,
r `D
�J
EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.
Herbert L. Jamison & Co., L.L.C.
COMPANIES AFFORDING COVERAGE
100 Executive Drive
West Orange, NJ 07052
COMPANY
a
LETTER A Underwriters at Uoyd's of London
Phone No. 973-7311-0806
COMPANY
Fax No. 973-731.3D35
LETTER B
G
COMPANY
INSURED
LETTER C
/S
Jones Hall, PC
COMPANY
650 Callfornla Street, 18'n Floor
LETTER D
San Francisco, CA 94108
COMPANY
LETTER E
COVERAGES
THIS IS TO CERTIFY THAT 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. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
CO
POLICY
POLICY •
LTR
TYPE OF INSURANCE
POLICY NUMBER
EFFECTIVE
EXPIRATION
LIMITS
DATE MMIOD/YY
DATE MM/DD
GENERAL LIABILITY
GENERAL AGGREGATE
$
❑ COMMERCIAL GENERAL LIABILITY
PRODUCTS-COMP/OP AGO.
$
1111 CLAIMS MADE ❑OCCUR.
PERSONAL & ADV. INJURY
EACH OCCURRENCE
$
$
❑ OWNER'S &CONTRACTOR'S
FIRE DAMAGE (Anyone FIre)
$
PROT.
MED. EXPENSE (Any one person)
$
❑
—'f '3)
AS frLi �'e�
i
El
AUTOMOBILE LIABILITY
` qY �s
OMBI,._{7rSINGLE
❑ ANY AUTO'
LIt7r'
$
❑ ALL OWNED AUTOS
BODILY INJURY
❑ SCHEDULED AUTOS
(Per Perew))
3
❑ HIRED AUTOS
BODILY INJURY
❑ NON -OWNED AUTOS
(Per Accident)
$
❑ GARAGE LIABILITY
PROPERTY DAMAGE
$
EXCESS LIABILITY
EACH OCCURRENCE
$
❑ UMBRELLA FORM
AGGREGATE
$
OTHERTHAN UMBRELLA FORM
WORKER'S COMPENSATION
❑ STATUTORY LIMITS
AND
EMPLOYERS LIABILITY
EACH ACCIDENT
$
$
DISEASE -POLICY LIMIT
$
DISEASE -EACH EMPLOYEE
OTHER
X
Lawyers Professional Liability
Insurance
Y0052420R
2/25/04
2/25/05
$5,000,0001$5,000,000
DESCRIPTION OF OPERATIONS/LOCATIONSNEHICLES/SPECIAL ITEMS
CERTIFICATE HOLDER
CANCELLATION
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO
MAIL 10 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO
THE LEFT, BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO
OBLIGATION OR L ILITY OF ANY KIND UPON THE COMPANY, ITS AGENTS OR
REPRESENTATI S
���JVJ,Ln Po Ferreira
AU HO N
ACORD 25-S 7/90
ACORD I RPORATION 1990
u
MAR-31-2004 10:54 415 391 5791 P.04
03/31/04 10:58 FAX 415 391 5791 JONES HALL Z 002
CERTIFICA OF INSURANCE ISSUE DATE
_ _ 02n 7i2ooa
PRODUCER Cart* 27744 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND
CALENDER-ROBINSON CO., INC. CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE
785 MARKET ST. #750 DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE
SAN FRANCISCO, CA 94103 POLICIES BELOW,
(415) 978-3800
FAX (415) 978-3825 COMPANIES AFFORDING COVERAGE
COMPANY
A HARTFORD INSURANCE COMPANY
INSURED -- —
JONES HALL, A PROFESSIONAL LAW COMPANY
CORPORATION B HARTFORD INSURANCE COMPANY
COMPANY
650 CALIFORNIA STREET #1800 C EVEREST NATIONAL INSURANCE COMPANY
SAN FRANCISCO, CA 94108 COMPANY f
D
COVERAGES
THIS IS TO CERTIFY THAT 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, TI•IE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY
HAVE BEEN REDUCED BY PAID CLAIMS.
CO POLICY EFFECTIVE POLICY EXPIRATION
TR TYPE OF INSURANCE POLICY NUMBER PATE (MM/DDlYVj DATE (MM/OWYY) LIMITS
L
GENERAL LIABILITY _ GENERAL AGGREGATE $ 4,000,000
X COMMERCIAL GENERAL LIABILITY 57 SBA NK7811 OCT 103 OCT 1 04 PRODUCTS-COMP/OP AGG. $ 4,000,000
(AIMS MADE 1 OCCUR. PERSONAL & ADV INJURY $ 2,000,000
A EX OWNER'S & CONTRACTOR'S PROT.EACH OCCURRENCE $ 2,000,000
INCLUDES SEVERABILITY OF
INTEREST CLAUSE FIRE DAMAGE(Any One Fire) S 300,000
MED. EXPENSE(Any One Porsoi $ 10,000
AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT s 2,000,000
ANY AUTO 57 SBA NK7611 OCT 1 03. OCT 1 04
ALL OWNED AUTOS BODILY INJURY
SCHEDULED AUTOS (Per Person) $
A X HIRED AUTOS
y csv+BODILY INJURY $
X NON -OWNED AUTOS - fa rye �r ,) )RO .� (Per Aaldenl)
�L��11 PROPERTY DAMAGE $
GARAGE LIABILITY AUTO ONLY -EA ACCIDENT S
ANY AUTO OTHER THAN AUTO ONLY: j
EACH ACCIDENT $
AGGREGATE $
EXCESS LIABILITY EACH OCCURRENCE $ 1,000,000
B X UMBRELLA FORM 57 SBA NK7611 OCT 1 03 OCT 1 04
AGGREGATE $ 1,000,000
OTHER THAN UMBRELLA FORM
WORKER'S COMPENSATION AND STATUTORY LIMITS
EMPLOYERS' LIABILITY 537-4823-02 APR 1 03 APR 1 04 EACH ACCIDENT 1 0000,000
C THEPROPRIETOR/ X INCL DISEASE -POLICY LIMIT S 1,000,000
PARTNERSIEXECUTIVE —
OFFICERS ARE: EXCL DISEASE -EACH EMPLOYEE y 1,000,000
OTHER
ULZA,HIr I IUN Ur UYCHAI IUNWLVGAIIUNbNI:M1ULt5/SPEUTAL ITEMS
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE
EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL MAIL 30 DAYS
WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT.
10-DAY N CE OF CANCELLATION APPLIES FOR NON+PAYMENT OF PREMIUM
RIZED REPRESENTATIVE
g
MAR-31-2004 10:53 415 391 5791 97% P.02
ULZA,HIr I IUN Ur UYCHAI IUNWLVGAIIUNbNI:M1ULt5/SPEUTAL ITEMS
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE
EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL MAIL 30 DAYS
WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT.
10-DAY N CE OF CANCELLATION APPLIES FOR NON+PAYMENT OF PREMIUM
RIZED REPRESENTATIVE
g
MAR-31-2004 10:53 415 391 5791 97% P.02
03/31/04 10:59 FAX 415 391 5791
JONES HALL
•
2003
Policyholder Renewal Proposal Letter
Expiring Policy Number:
3900042665
Thank you for the
opportunity to provide you with our renewal proposal.
Name of Prospect:
JONES HALL, A PROFESSIONALLAW CORF
Type of Policy:
Workers' Compensation
Proposed Effective Date:
April 1, 2004
Proposed Expiration Date:
April 1, 2005
Insurance Company:
Everest National Insurance Company
A.M. Best Co. Rating:
A+ (Superior) XIII
Standard & Poor's Rating:
AA -
Coverage:
Workers' Compensation (WC) Employers' Liability (EL)
Limits of Insurance:
WC Statutory Benefits
EL $1,000,000 each accident
$1,000,000 disease - policy limit
$1,000,000 disease - each employee
Experience Mod. (XMod): t 79%
Rates, Payrolls, and Premiums:
Classification
ATTORNEYS -ALL EMPLOYEES (N,P.D.)
ATTORNEYS - ALL EMPLOYEES (N.P.D.)
Salespersons -outside
Clerical Office Employee
Estimated Estimated
Net Rate Pro Rata
Code Including Mod
8820
8820
8742
8810
;a;r
QUOTE IS SUBJECT TO:
RECEIPT OF CURRENTLY VALUED & FAVORABLE LOSS RUNS FOR THE YEAR 00-01, 01-02 & 02-03 AND
EVEREST SUPPLEMENTAL APPLICATION.
tBroker Fee: Acordia receives commission from Everest National insurance Company for placing your
workers' compensation Insurance coverage. In addition, Acordia charges you a broker fee for brokerage
services In the amount shown above, which is non-refundable to you even if you cancel your workers'
compensation Insurance coverage.
Prepared by Acordia of California 0311104 0000290850
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