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applicable, any successive Term Year, likewise on an hourly basis, at the IT <br /> Base Rate plus an amount established by City but not more than the change in <br /> CPI as described in Section 2.a. of this agreement of the Base Rate, plus an <br /> amount equal to eighteen percent (18%) thereof for each hour of services <br /> provided in excess of 220 hours in each respective Term Year. <br /> <br /> (c) Computer Technology. Authority shall pay City Three Thousand <br /> Four Hundred Fifty-Seven Dollars ($3,457) plus percentage change in CPI AS <br /> DESCRIBED IN Section 2.a. of this agreement for the computer technology <br /> services described in Exhibit "A" during the first year of the term hereof (the "CT <br /> Base Rate"). For the second, third, and, if any, each successive Term Year, the <br /> CT Base Rate shall be adjusted by the CPI in the same manner as pertains to <br /> the adjustment of the FS Base Rate described in (a), above. <br /> <br /> 3. RECORDS; STATEMENTS; PAYMENT. City shall submit monthly <br />invoices to Authority, which invoices shall describe briefly the services rendered during <br />the billing period. City shall keep and maintain accurate records relating to such <br />invoices and services rendered which shall be made available to Authority at Authority's <br />offices during regular business hours upon request of Authority. Payment shall be <br />made by Authority within 30 days of submittal of appropriate invoices. <br /> <br /> 4. TERM. The term of this agreement is three (3) years, commencing July 1, <br />2002, and expiring on June 30, 2005, unless sooner terminated by either party as <br />provided in paragraph 6. Notwithstanding the foregoing, the term hereof may be <br />extended by written amendment or supplement hereto approved, in the case of <br /> <br />F:Atty/Ag r/Agr.047 3 <br />0614O2 <br /> <br /> <br />