Agmt01 South Bayside System Aut - Laserfiche WebLink

Browse Search

overhead. The amount of said salary shall be determined by reference to City's salary resolution and the Memorandum of Understanding by and between City and the recognized employee representation organization for that position. If, during the initial or any renewal term hereof, the position of Landscape Gardener is revised, deleted or otherwise changed substantially, reference shall be made to such other position whose duties most nearly approximate those of Landscape Gardener for purposes of determining compensation hereunder. Compensation payable hereunder shall be adjusted from time to time during the initial and any renewal term hereof in an amount corresponding to adjustments to the aforesaid salary and/or valuation of fringe benefits. For reference, only, said annual compensation, as of the date of this agreement, is Seventy-one Thousand Eight hundred and eighty and No/100 Dollars ($71,880.00), calculated as follows: (i) Fifty-two Thousand Nine Hundred Forty- three and No/100 Dollars ($52,943,00), representing salary, plus (ii) Nine Thousand Five Hundred Sixty-one and No/100 Dollars ($9,561.00), representing the value of fringe benefits, plus (iii) Nine Thousand Three Hundred Seventy-six and No/100 Dollars ($9,376.00), representing fifteen percent (15%) of the sum of the foregoing amounts, as administrative overhead. 3. RECORDS; STATEMENTS; PAYMENT. Authority shall pay City for services performed hereunder within thirty (30) days of receipt of invoices therefor which invoices shall be submitted monthly and shall describe briefly the services rendered or costs incurred during the period to which each invoice relates. City shall keep and maintain accurate records of services rendered and costs incurred hereunder which shall be made available to Authority at Authority's offices during regular business hours upon request of Authority. 4. ANNUAL APPROPRIATIONS REQUIRED. The parties acknowledge that Authority has, through its budget approval process, appropriated funds for payments hereunder for the remainder of Authority's Fiscal Year July 1-June 30, 2003. Commencing with Authority's Fiscal Year July 1, 2003-June 30, 2004 and for each Fiscal Year thereafter during the initial term and any successive renewal term, this agreement shall remain in full force and effect; provided, that Authority sh~sh\sbsalndscpeAgmt120502r 2 12/05/02 DES:hs