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1.2 EXHIBIT 2 <br /> <br /> COMPENSATION AND PAYMENT PROVISIONS <br /> FOR THE CITY <br /> <br />A. The compensation and payment provisions for this Agreement have been <br />negotiated as follows: <br /> <br />The following is predicated upon a five (5) Camera program. <br /> <br />Year One (1) - Description Fees: <br /> <br />Fixed costs associated each Installed $2,500 per month per approach for 12 <br />Approach. consecutive months following the <br /> installation of each approach. <br />Camera lease and technical support $2,500 per camera in operation per month <br />Program Management, Administration and $50 per citation issued <br />citation processing <br /> <br />Years Two - Five (2-5) Fees: <br /> <br />Camera lease and technical support $2,500 per camera in operation per month <br />Program Management, Administration and $50 per citation issued <br />citation processing <br /> <br />Payment of the fees provided for under this Contract will be made to the Contractor on <br />a monthly basis upon submission of an invoice by the fifteenth of each month stating <br />the amount due and accompanied by proper supporting documentation. Proper <br />supporting documentation is to include the number and dollar amount of citations <br />collected the late fees and any civil action. In the event that the Contractor is to be paid <br />on a time and material basis for any work performed under this Contract, proper <br />supporting documentation will include the date the service was performed and the <br />hours spent performing the service. A correct payment request is defined as an invoice <br />that indicates only those items that have been satisfactorily completed and accepted by <br />the Town. Payment of the fee will be mailed to the Contractor no later than thirty (30) <br />days after receipt of the invoice. <br /> <br />INVOICING -~ Original invoices shall be sent to: <br /> <br />Redwood City, CA <br /> <br /> 1.5 <br /> <br /> <br />