Laserfiche WebLink
<br />9A <br />Page 28 <br /> <br />EXHIBIT "D" <br />COMPENSATION & PRICING <br /> <br />Commencing on the expiration of the Warning Period for each Designated Intersection <br />Approach, Customer shall be obligated to pay Redflex a fixed fee of $ 6,200 per month <br />for each Designated Intersection Approach ("Fixed Fee") as full remuneration for <br />performing all of the services contemplated in this Agreement. <br /> <br />Cost N eutralitv <br />Cost neutrality is assured to Customer. Cost neutrality is assured to Customer <br />using this methodology as Customer will never pav Redflex more than actual <br />cash received. <br /> <br />The Customer agrees to pay Redflex within thirty (30) days after the invoice is <br />received. City shall be obligated to pay the cumulative balance invoiced by <br />Redflex, in accordance with terms set forth above, to the extent of gross cash <br />received by the City from automated red light violations. In the event that a <br />balance remains unpaid due to a deficit in gross cash received by the City <br />compared to invoiced amounts, City will provide to Redflex with each monthly <br />payment, an accounting of such gross receipts supporting the amount <br />withheld. <br />1. In the event that the contract ends or is tenninated and an invoiced balance <br />is still owed to Redflex, all subsequent receipts from automated red light violations <br />for a period of 12 months from date of termination will be applied to such balance <br />and paid to Redflex <br />2. Payment will only be made by Customer up to the amount of cash received <br />by Customer from the County through the collection of red light citation up to the <br />amount currently due. <br />3. Customer to open special revenue account and payments to Redflex will <br />come only from the available balance in that account up to the amount currently <br />due, including any unpaid prior invoiced amounts. <br />4. Intersection approaches can be relocated to a new site at the customers <br />request and expense. <br /> <br />25 <br />