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HomeMy WebLinkAbout2017-050-E Finance - Davenport & Company, LLC for consulting services re GoTriangle DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 [Departmental Use Only] TITLE Financial Review FY 2016-17 NORTH CAROLINA CONSULTING SERVICES AGREEMENT UNDER $90,000 ORANGE COUNTY This Agreement, made and entered into this 11 day of January, 2017, ("Effective Date")by and between Orange County, North Carolina a body politic and corporate of the State of North Carolina (hereinafter, the "County") and Davenport & Company LLC, (hereinafter, the "Consultant"). WITNESSETH: That the County and Consultant, for the consideration herein named, do hereby agree as follows: ARTICLE 1 SCOPE OF WORK 1.1 Scope of Work 1.1.1 This Services Agreement ("Agreement") is for professional consulting services to be rendered by Consultant to County with respect to an Independent Financial Review for GoTriangle ("the Project"). 1.1.2 By executing this Agreement, the Consultant represents and agrees that Consultant is qualified to perform and fully capable of performing and providing the services required or necessary under this Agreement in a fully competent,professional and timely manner. 1.1.3 Time is of the essence with respect to this Agreement. 1.1.4 The services to be performed under this Agreement consist of Basic Services, as described and designated in Article 3 hereof. Compensation to the Consultant for Basic Services under this Agreement shall be as set forth herein. ARTICLE 2 RESPONSIBILITIES OF THE CONSULTANT 2.1 Services to be Provided. The Consultant shall provide the County with all services required in Article 3 to satisfactorily complete the Project within the time limitations set forth herein and in accordance with the highest professional standards. 2.2. Standard of Care 2.2.1 The Consultant shall exercise reasonable care and diligence in performing services under this Agreement in accordance with the highest generally accepted standards of this type of Consultant practice throughout the United States and in accordance with applicable federal, state and local laws and regulations applicable to the performance of these services. Consultant is solely responsible for the professional quality, accuracy and timely completion and submission Revised 1/17 1 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 of all reports, drawings, specifications, plans, documents and services (hereinafter "Deliverables") related to the Basic Services. 2.2.2 The Consultant shall be responsible for all errors or omissions, in the deliverables prepared by the Consultant. 2.2.3 The Consultant shall correct at no additional cost to the County any and all errors, omissions, discrepancies, ambiguities, mistakes or conflicts in any Deliverables prepared by the Consultant. 2.2.4 The Consultant shall assure that all Deliverables prepared by it hereunder are in accordance with applicable laws, statutes, and that any necessary or appropriate applications for approvals are submitted to federal, state and local governments or agencies in a timely manner so as not to delay the Project. 2.2.5 The Consultant shall not, except as otherwise provided for in this Agreement, subcontract the performance of any work under this Agreement without prior written permission of the County. No permission for subcontracting shall create, between the County and the subcontractor, any contract or any other relationship. 2.2.6 Any and all employees of the Consultant engaged by the Consultant in the performance of any work or services required of the Consultant under this Agreement, shall be considered employees or agents of the Consultant only and not of the County, and any and all claims that may or might arise under any workers compensation or other law or contract on behalf of said employees while so engaged shall be the sole obligation and responsibility of the Consultant. 2.2.7 If activities related to the performance of this agreement require specific licenses, certifications, or related credentials Consultant represents that it and/or its employees, agents and subcontractors engaged in such activities possess such licenses, certifications, or credentials and that such licenses certifications, or credentials are current, active, and not in a state of suspension or revocation. ARTICLE 3 BASIC SERVICES 3.1 Basic Services 3.1.1 The Consultant shall perform as Basic Services the work and services described herein and as described in Exhibit A. ARTICLE 4 DURATION OF SERVICES 4.1 Scheduling of Services 4.1.1 The Consultant shall schedule and perform its activities in a timely manner. 4.1.2 Should the County determine that the Consultant is behind the agreed upon schedule, it may require the Consultant to expedite and accelerate his efforts, including providing Revised 1/17 2 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 additional resources and working overtime, as necessary, to perform his services in accordance with the approved project schedule at no additional cost to the County. 4.1.3 The Commencement Date for the Consultant's Basic Services shall be January 11, 2017. ARTICLE 5 COMPENSATION 5.1 Compensation for Basic Services 5.1.1 Compensation for Basic Services shall include all compensation due the Consultant from the County for all services under this Agreement except for any authorized Reimbursable Expenses which are defined herein. The maximum amount payable for Basic Services is Twenty-Five Thousand Dollars ($25,000). Compensation for Basic Services will be based on a schedule of hourly rates provided in the Letter to Gary Donaldson, dated February 18, 2016. Payment for Basic Services shall become due and payable in direct proportion to satisfactory services performed and work accomplished. 5.2 Reimbursable Expenses 5.2.1 Reimbursable expenses are in addition to the fees for Basic Services and are for the following expenditures to the extent reasonable and actually incurred by the Consultant with respect to the Project: 5.2.2 Actual expenditures for meals, lodging, mileage, postage and long distance telephone charges directly attributable to this Project. 5.2.3 The actual cost of reproduction of reports excluding documents for exclusive use by the Consultant. 5.2.4 The Consultant shall not be entitled to any mark-up on actual expenses which are incurred. Reimbursable expenses shall be compensated by the County along with invoices for Basic Services provided by Consultant. Payment of Reimbursable Expenses shall be subject to Consultant's timely submission of valid receipts for any such expenses and approval by the County. Any additional charges not specified herein, must be mutually agreed to in advance by County and Consultant and documented in writing with a letter signed by authorized representatives for County and Consultant and, subject to budgeted funds. ARTICLE 6 RESPONSIBILITIES OF THE COUNTY 6.1 Cooperation and Coordination 6.1.1 The County has designated Gary Donaldson to act as the County's representative with respect to the Project and shall have the authority to render decisions within guidelines established by the County Manager and the County Board of Commissioners and shall be Revised 1/17 3 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 available during working hours as often as may be reasonably required to render decisions and to furnish information. 6.1.2 The County shall be solely responsible for determining whether Consultant as satisfactorily completed the Basic Services. It is agreed that County shall not unreasonably withhold its determination of satisfactory completion of any Basic Services. In the event the amount of an invoice is disputed County may withhold payment until the dispute is resolved by the parties. County may also withhold payment on an invoice until the satisfactory completion of a Basic Services by Consultant. ARTICLE 7 INSURANCE AND INDEMNITY 7.1 General Requirements 7.1.1 Consultant shall obtain, at its sole expense, Commercial General Liability Insurance, Automobile Insurance, Workers' Compensation Insurance, Professional Liability Insurance, and any additional insurance as may be required by Owner's Risk Manager as such insurance requirements are described in the Orange County Risk Transfer Policy and Orange County Minimum Insurance Coverage Requirements (each document is incorporated herein by reference and may be viewed at http://www.orangecountync.gov/departments/purchasing division/contracts.php). If Owner's Risk Manager determines additional insurance coverage is required such additional insurance shall be designated here (if no additional insurance required mark N/A as being not applicable). Consultant shall not commence work until such insurance is in effect and certification thereof has been received by the Owner's Risk Manager. 7.2 Indemnity 7.2.1 The Consultant agrees to indemnify and hold harmless the County from all loss, liability, claims or expense, including attorney's fees, arising out of or related to the Project and arising from bodily injury including death or property damage to any person or persons caused in whole or in part by the negligence or misconduct of the Consultant except to the extent same are caused by the negligence or willful misconduct of the County. It is the intent of this provision to require the Consultant to indemnify the County to the fullest extent permitted under North Carolina law. ARTICLE 8 AMENDMENTS TO THE AGREEMENT 8.1 Changes in Basic Services 8.1.1 Changes in the Basic Services and entitlement to additional compensation or a change in duration of this Agreement shall be made by a written Amendment to this Agreement executed by the County and the Consultant. The Consultant shall proceed to perform the Services required by the Amendment only after receiving a fully executed Amendment from the County. ARTICLE 9 TERMINATION 9.1 Termination for Convenience of the County Revised 1/17 4 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 9.1.1 This Agreement may be terminated without cause by the County and for its convenience upon seven (7) days prior written notice to the Consultant. 9.2 Other Termination 9.2.1 The Consultant may terminate this Agreement based upon the County's material breach of this Agreement; provided the County has not taken all reasonable actions to remedy the breach. The Consultant shall give the County seven (7) days'prior written notice of its intent to terminate this Agreement for cause. 9.3 Compensation After Termination 9.3.1 In the event of termination, the Consultant shall be paid that portion of the fees and expenses that it has earned to the date of termination, less any costs or expenses incurred or anticipated to be incurred by the County due to errors or omissions of the Consultant. 9.3.2 Should this Agreement be terminated, the Consultant shall deliver to the County within seven (7) days, at no additional cost, all Deliverables including any electronic data or files relating to the Project. 9.4 Waiver 9.4.1 The payment of any sums by the County under this Agreement or the failure of the County to require compliance by the Consultant with any provisions of this Agreement or the waiver by the County of any breach of this Agreement shall not constitute a waiver of any claim for damages by the County for any breach of this Agreement or a waiver of any other required compliance with this Agreement. 9.5 Suspension 9.5.1 County may suspend the work at any time for County's convenience and without penalty to County upon three (3) days' notice to Consultant. Upon any suspension by County, Consultant shall discontinue the work and shall not resume the work until notified to proceed by County. ARTICLE 10 ADDITIONAL PROVISIONS 10.1 Relationship of Parties 10.1.1 Consultant is an independent contractor of the County. Neither Consultant nor any employee of the Consultant shall be deemed an officer, employee or agent of the County. Consultant's personnel shall not be employees of, or have any contractual relationship with, the County. 10.2 Limitation and Assignment Revised 1/17 5 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 10.2.1 The County and the Consultant each bind themselves, their successors, assigns, and legal representatives to the terms of this Agreement. Neither the County nor the Consultant shall assign or transfer its interest in this Agreement without the written consent of the other. 10.3 Governing Law 10.3.1 This Agreement and the duties, responsibilities, obligations and rights of respective parties hereunder shall be governed by the laws of the State of North Carolina. Consultant shall at all times remain in compliance with all applicable local, state, and federal laws, rules, and regulations including but not limited to all state and federal anti-discrimination laws, policies, rules, and regulations and the Orange County Anti-Discrimination Policy. Any violation of this requirement is a breach of this Agreement and County may immediately terminate this Agreement without further obligation on the part of the County. This paragraph is not intended to limit the definition of breach to discrimination. By executing this Agreement Consultant affirms that Consultant and any subcontractors of Consultant are and shall remain in compliance with Article 2 of Chapter 64 of the North Carolina General Statutes. Where applicable, failure to maintain compliance with the requirements of Article 2 of Chapter 64 of the General Statutes constitutes Consultant's breach of this Agreement. By executing this Agreement Consultant affirms Consultant is in compliance with Article 2 of Chapter 64 of the North Carolina General Statutes. By executing this Agreement, Consultant certifies that Consultant has not been identified, and has not utilized the services of any agent or subcontractor, on the Iran divestment list created by the State Treasurer pursuant to G.S. 147- 86.58. 10.4 Dispute Resolution 10.4.1 Any and all suits or actions to enforce, interpret or seek damages with respect to any provision of, or the performance or non-performance of, this Agreement shall be brought in the General Court of Justice of North Carolina sitting in Orange County, North Carolina and it is agreed by the parties that no other court shall have jurisdiction or venue with respect to such suits or actions. The Parties may agree to nonbinding mediation of any dispute prior to the bringing of such suit or action. Under no circumstances shall any dispute be addressed through binding arbitration. 10.5 Extent of Agreement 10.5.1 This Agreement, together with the Request for Proposals together with attachments distributed by the County and the Consultant's submitted Proposal, all of which constitute the Contract Documents, represents the entire and integrated agreement between the County and the Consultant and supersedes all prior negotiations, representations or agreements, either written or oral. In the event of a conflict among the terms of the Contract Documents, the priority of documents shall be This Agreement, the County's Request for Proposals, attachments to the County's Request for Proposals, the Consultant's Proposal. This Agreement may be amended only by written instrument signed by both parties. Modifications may be evidenced by facsimile signatures. 10.6 Severability Revised 1/17 6 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 10.6.1 If any provision of this Agreement is held as a matter of law to be unenforceable, the remainder of this Agreement shall be valid and binding upon the Parties. 10.7 Ownership of Deliverables 10.7.1 All Deliverables, together with all supporting materials, source documentation, data collected, field notes, and working drafts, developed in the performance of this Agreement shall become the property of the County and may be used on any other project without additional compensation to the Consultant. The use of the Deliverables by the County or by any person or entity for any purpose other than the Project as set forth in this Agreement shall be at the full risk of the County. 10.8 Non-Appropriation 10.8.1 Consultant acknowledges that County is a governmental entity, and the validity of this Agreement is based upon the availability of public funding under the authority of its statutory mandate. In the event that public funds are unavailable and not appropriated for the performance of County's obligations under this Agreement, then this Agreement shall automatically expire without penalty to County immediately upon written notice to Consultant of the unavailability and non-appropriation of public funds. It is expressly agreed that County shall not activate this non-appropriation provision for its convenience or to circumvent the requirements of this Agreement, but only as an emergency fiscal measure during a substantial fiscal crisis. In the event of a change in the County's statutory authority, mandate and/or mandated functions, by state and/or federal legislative or regulatory action, which adversely affects County's authority to continue its obligations under this Agreement, then this Agreement shall automatically terminate without penalty to County upon written notice to Consultant of such limitation or change in County's legal authority. 10.9 Notices and Signatures 10.9.1 This Agreement together with any amendments or modifications may be executed electronically. All electronic signatures affixed hereto evidence the intent of the Parties to comply with Article 11A and Article 40 of North Carolina General Statute Chapter 66. 10.9.2 Any notice required by this Agreement shall be in writing and delivered by certified or registered mail, return receipt requested to the following: Orange County Consultant's Name & Address Attention: Finance Director Davenport & Company, LLC P.O. Box 8181 101 N. Tryon Street Hillsborough, NC 27278 Charlotte,NC 28246 [SIGNATURE PAGE TO FOLLOW] Revised 1/17 7 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 IN WITNESS WHEREOF, the Parties, by and through their authorized agents, have hereunder set their hands and seal, all as of the day and year first above written. COUNTY: Orange County CONSULTANT: Davenport & Company, LLC jDocuSigned by: DocuSigned by: 5atAAA,it. hmkimt-rstui L DO- Ctott- 06379948755E477... 0843BD3F18814A1... Bonnie Hammersley, County Manager Ted Cole, Sr. Vice President Davenport Public Finance Revised 1/17 8 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 DAVENPORT& COMPANY January 12, 2017 Mr. Gary Donaldson Chief Financial Officer Orange County 200 South Cameron Street Hillsborough, NC 27278 Dear Mr. Donaldson: Per our recent conversation, am pleased to present this proposed Contract Addendum to our Financial Advisory Agreement dated February 18, 2016 (the "Agreement"). The purpose of this addendum is to acknowledge that certain Financial Consulting Services related to the. Go Irian& Durham and Orange Transit Plan will be treated under the Special Projects section of our Agreement. These Financial Consulting Services may include, but are not imited to the project description and scope of services described below, The Pro:ect GoTriangle has updated the Durham and Orange Transit Plan to incorporate revisions to the construction costs/timing estimates, State Funding, and Sales Tax projects, among other factors. Based upon the updates to this plan, GoTriangle has identified a shortfall in project funding of appr)ximatdy $250 million. In order to move forward with the potential Federal Transit,Administration Funding ("PTA"), the Durham-Orange Light Fail Project must enter the Final Design phase by February 2017;to accomplish this schedule, GoTriangle requested that Orange County consider adopting a non-binding Memorandum of Understanding to cooperate with GoTriange on the development of an updated Financial Han. Additionally, GoTriangle has indicated that in order to maintain the proposed construction schedule under FIA requirements, Amendments to the, Orange County Bus and Rail Investment Plan will need to be considered in April 2017 and a final decision tu commit any local funds included in the financial plan will be needed by June 2018. GoTriangle has presented a preliminary updated Financial Plan that includes additional local funding commitments from Orange County and Chapel Hill of$40 million ($4.0 million per year for a period of ten years). Orange County has requested that Davenport, in our capacity as financial advisor to the County, provide an independent review and ,:!,ssessment of the proposed Financial Han. Scoee of Services • Conduct Independent Review of documentation, financial models, analysis ;rid proposals provided by GoTriangile Staff and Consultants; • Interact with GoTriangle staff and consultants (with County approval) to analyze relevant models and concepts related to funding the Project; • Identify ipotentia opportunities to enhance the Project financial models as it relates to baseline assumptions, sensitivity analyses and overall funding approach; • Develop additional Financial Models and Analyses, as appropriate; Member NYSE I FINRA I SIPC Page 1 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 DAVENPORT& COMPANY • Attend Go Triangie Finance Meetings, County Staff Meetings and County Board Meetings, as appropriate; • Provide the County with an overview of the proposed Ran of Finance for the Project with a specific focus on those financing elements directly related to Orange County; • Measure the impact of any potential County financial commitments/obligations for the Project on the County's overall debt capacity/affordabifity profiles, bond rating profiles and other relevant measures/considerations; • Prepare presentations for County staff and County Board, as appropriate, related to observations, findings and conclusions of the independent Review. Com)ensation For the services described above, compensation will be based upon the schedule of hourly rates as outlined in our Agreement and be subject to a not-t.:•exceed fee of $25,000, unless otherwise agreed to by the County. Additionally, customary direct eut-of-pocket expenses (meals, [edging, mileage, postage, phone charges, r.:,!nd reproduction costs) will be billed at cost. The Financial Advisory Fees and the reimbursement of expenses will be paid upon the successful completion of the services as determined by the County, or at such other time as mutually agreed upon. Member NYSE I FINRA I SIPC Page 2 DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 -J••� DATE(MM/DD/YYYY) AiACC:01/20® CERTIFICATE OF LIABILITY INSURANCE 01/19/2017 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must have ADDITIONAL INSURED provisions or be endorsed. m 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). c PRODUCER CONTACT NAME: Aon Risk Services South, Inc. PHONE FAX 1,- Richmond VA Office (A/C.No.Ext): (866) 283-7122 (A/C.No.): (800) 363-0105 7325 Beaufont Springs Drive E-MAIL 0 Suite 300 ADDRESS: _ Richmond vA 23225 USA INSURER(S)AFFORDING COVERAGE NAIC# INSURED INSURER A: Columbia Casualty Company 31127 Davenport & Company, LLC INSURER B: Travelers Property Cas Co of America 25674 One James Center 901 E. Cary Street INSURER C: Federal Insurance Company 20281 Suite 1100 INSURER D: Great Northern Insurance Co. 20303 Richmond vA 23219-4037 USA INSURER E: Chubb Indemnity Insurance Co. 12777 INSURER F: COVERAGES CERTIFICATE NUMBER:570065307739 REVISION NUMBER: 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. Limits shown are as requested INSR ADDL SUBR POLICY EFF POLICY EXP LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER (MM/DDIYYYY (MM/DD/YYYY) LIMITS D X COMMERCIAL GENERAL LIABILITY 35979076 12/31/2016 12/31/2017 EACH OCCURRENCE $1,000,000 DAMAGE TO RENTED CLAIMS-MADE X OCCUR PREMISES(Ea occurrence) $1,000,000 MED EXP(Any one person) $10,000 PERSONAL&ADV INJURY $1,000,000 M GENT AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $2,000,000 o POLICY PR COT- X LOC PRODUCTS-COMP/OPAGG Included u, • o OTHER: o n- D 7357-27-99 12/31/201612/31/2017 COMBINED SINGLE LIMIT u, AUTOMOBILE LIABILITY $1,OOO,OOO (Ea accident) .. ANY AUTO BODILY INJURY(Per person) 0 OWNED SCHEDULED BODILY INJURY(Per accident) d AUTOS ONLY AUTOS • '"' X HIRED AUTOS X NON-OWNED PROPERTY DAMAGE t6 ONLY F AUTOS ONLY (Per accident) 1: d C X UMBRELLA LIAB X OCCUR 79884900 12/31/2016 12/31/2017 EACH OCCURRENCE $10,000,000. 10,000,000 U EXCESS LIAB CLAIMS-MADE AGGREGATE $10,000,000 DED RETENTION E WORKERS COMPENSATION AND 71746657 12/31/2016 12/31/2017 X I PER OTH- EMPLOYERS'LIABILITY Y/N STATUTE 1 ER ANY PROPRIETOR/PARTNER/EXECUTIVE E.L.EACH ACCIDENT $1,000,000 OFFICER/MEMBER EXCLUDED? N N/A (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE $1,000,000 If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $1,000,000- A Fin inst E&O 596535845 12/31/2016 12/31/2017 Limit $5,000,000 Claims Made Retention $1,000,000 IIMI SIR applies per policy terms & conditions MG DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES(ACORD 101,Additional Remarks Schedule,may be attached if more space is required) Certificate Holder is included as Additional Insured in accordance with the policy provisions of the General Liability policy. ,:-- CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. rEi Orange County, NC AUTHORIZED REPRESENTATIVE F 200 South Cameron Street I. Hillsborough NC 27278 USA [ /�+ fix/- y/fy ar t—MFG. s. t Gt,e t9�e✓ ,1, M III ©1988-2015 ACORD CORPORATION.All rights reserved. ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD DocuSign Envelope ID:A6400E9C-C30B-4768-894A-52E96E6C93A4 AGENCY CUSTOMER ID: 570000059489 LOC#: ADDITIONAL REMARKS SCHEDULE Page _ of AGENCY NAMED INSURED Aon Risk Services South, Inc. Davenport & Company, LLC POLICY NUMBER see Certificate Number: 570065307739 CARRIER NAIC CODE See Certificate Number: 570065307739 EFFECTIVE DATE: ADDITIONAL REMARKS THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: ACORD 25 FORM TITLE: Certificate of Liability Insurance INSURER(S)AFFORDING COVERAGE NAIC# INSURER INSURER INSURER INSURER ADDITIONAL POLICIES If a policy below does not include limit information,refer to the corresponding policy on the ACORD certificate form for policy limits. INSR ADDL SUER POLICY POLICY LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER EFFECTIVE EXPIRATION LIMITS DATE DATE (MM/DD/YYYY) (MM/DD/YYYY) EXCESS LIABILITY B ZUP61M2230916NF 12/31/2016 12/31/2017 Aggregate $10,000,000 Each $10,000,000 occurrence ACORD 101(2008/01) ©2008 ACORD CORPORATION.All rights reserved. The ACORD name and logo are registered marks of ACORD