Agmt21 Ace Parking, Inc. - Laserfiche WebLink

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B. Compliance with Wage and Hour Provision and Labor Standards Contractor shall comply with all applicable federal, state and local laws and regulations governing minimum hourly rates, maximum hours, nondiscrimination, payroll records, apprentices, workers' compensation, prevailing wages and other labor standards, including but not limited to those set forth in the Fair Labor Standards Act and the California Labor Code, to the extent applicable. C. Personnel 1. For the performance of the duties required under this Agreement, Contractor shall employ at least one person at the management level whose full-time responsibilities will include management and control of operations and custodial maintenance including but not limited to, the supervision, employment, and training of all personnel of the Parking Facilities. The Contractor's manager shall maintain direct contact with City representatives on a continuing basis. 2. Contractor shall employ other staff as necessary to operate the Parking Facilities, provided, however, that City shall not pay for staffing in excess of the maximum staffing amounts set forth in the annual budget Exhibit B, incorporated herein by reference. SECTION 10. COMPENSATION AND REIMBURSABLE EXPENSES A. Compensation. During the initial term of the Contract, City shall pay to Contractor an amount not to exceed Two Million, Two Hundred Thirty Three Thousand, and Six Hundred Dollars ($2,233,600) for the completion of all the work and services described herein, which sum shall include all costs or expenses incurred by Contractor, including all Operating Expenses (as defined below) and including 10% budget increase that the City Manager is authorized to increase at their sole discretion. Such amount shall be the sum of any Consultant Fees and Operating Expenses owed to Contractor during the Initial Term. During any Option Term, City shall pay to Contractor an amount not to exceed the total amount of the Contractor Fees and Operating Expenses shown on the operating budget approved for that year. The total amount City shall pay to Contractor under the term, including any Option Terms, of this Contract is an amount not to exceed Four Million, Three Hundred Eighty -Nine Thousand, and Seven Hundred Nineteen Dollars ($4,389,719). B. Management and Staffing Fees 1. During the Initial Term, the City shall pay Contractor a monthly Management Fee ("Management Fee") in the amount of One Thousand Five Hundred Dollars ($1,500.00). For six months of the first year of the initial term, the Management Fee shall be paid at 50% of the fee. During any Option Term, the Management Fee may be increased pursuant to the annual increase terms described in Section 10.D.3 below. REV: 12-10-2020 RL ATTY/AGR.2020.291/ACE Parking (Page 15 of 31)