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6.E. - Page 5 of 44 <br />3. Term. Unless terminated earlier pursuant to Section 21, the term of this <br />Agreement will be for a period of one year from the Effective Date. The City Manager may <br />amend the Agreement to extend it for two additional two-year periods in amounts not -to - <br />exceed Four Hundred Thirty -Nine Thousand Eighty -Nine Dollars ($439,089) for the first <br />extension term and Four Hundred Sixty -Five Thousand Eight Hundred Thirty Dollars <br />($465,830) for the second extension term. Any extension will require a written amendment <br />executed by both parties indicating the effective date and length of the extended <br />Agreement. <br />4. Schedule. Consultant will adhere to the schedule set forth in Exhibit A, provided, <br />that City, in its discretion, may grant reasonable extensions when performance of the <br />Services is delayed due to unusually lengthy governmental reviews or other unexpected, <br />unavoidable circumstances. Such circumstances will not include strikes, lockouts, work <br />stoppages, or other labor disturbances conducted by, or on behalf of, Consultant's officers <br />or employees. <br />5. Time is of the Essence. Time is of the essence for each and every provision of <br />this Agreement. <br />6. Compensation. City will pay to Consultant a not -to -exceed amount of Two <br />Hundred Ten Thousand Dollars ($210,000) for the completion of all the work and services <br />described herein, which sum will include all costs or expenses incurred by Consultant, <br />payable as set forth in Exhibit A. City will have the authority to withhold a 5% retention <br />until it has accepted all of the Services as complete. <br />6.1 Consultant must submit monthly applications for payment that contain the <br />following: <br />6.1.1. A clear, detailed invoice reflecting Services for which Consultant is billing <br />City; <br />6.1.2. A summary sheet showing hourly rates (if applicable); <br />6.1.3. Number of hours worked; <br />6.1.4. Percentage of Services completed to date; <br />6.1.5. Amount/percent billed to date; <br />6.1.6. Current status of all tasks within a project; <br />6.1.7. Any backup documentation reasonably necessary to substantiate the <br />preceding items; and <br />6.1.8. Any changes to the anticipated work schedule. <br />REV: 12-18-19 EI <br />ATTY/AGR.2019.318/Telstar Instruments (Page 2 of 14) 166 <br />