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REV: 01-09-24 SK <br />3. Term. Unless terminated earlier pursuant to Section 21, the term of this <br />Agreement will be for a period of and shall remain in effect until the earlier Five years <br />from the Effective Date, or upon the exhaustion of the total Compensation authorized <br />under the Agreement. The foregoing notwithstanding, continuation of the Agreement <br />beyond the first year of the term is contingent upon the City Council appropriating <br />necessary funds for this Agreement. The City Manager may amend the Agreement to <br />extend it for two additional one-year periods in an amount not to exceed Thirty Thousand <br />Dollars ($30,000) per 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 /> <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 />or employees. <br /> <br />5. Time is of the Essence. Time is of the essence for each and every provision of <br />this Agreement. <br /> <br />6. Compensation. City will pay to Consultant a not-to-exceed amount of Forty <br />Thousand Dollars ($40,000) for the completion of all the work and services described <br />herein, which sum will include all costs or expenses incurred by Consultant, payable as <br />set forth in Exhibit A . City will have the authority to withhold a 10% retention until it has <br />accepted all of the Services as complete. <br /> <br />6.1 Consultant must submit applications for payment that contain the following: <br /> <br />6.1.1. A clear, detailed invoice reflecting Services for which Consultant is <br />billing City; <br /> <br />6.1.2. A summary sheet showing hourly rates (if applicable); <br /> <br />6.1.3. Number of hours worked; <br /> <br />6.1.4. Percentage of Services completed to date; <br /> <br />6.1.5. Amount/percent billed to date; <br /> <br />6.1.6. Current status of all tasks within a project; <br /> <br />6.1.7. Any backup documentation reasonably necessary to substantiate <br />the preceding items; and <br /> <br />6.1.8. Any changes to the anticipated work schedule. <br />ATTY/AGR.2023.300/Inspection Services Inc. (Agreement for Services) (Page 2 of 19)