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REV: 03-12-26 LF <br />is contingent upon the City Council appropriating necessary funds for this Agreement. <br />The City Manager may amend the Agreement to extend it for three (3) additional two- <br />year periods in an amount not to exceed Five Hundred Seventy-Seven Thousand Five <br />Hundred Dollars ($577,500) for the first extension term, Six Hundred Six Thousand Three <br />Hundred Seventy-Five Dollars ($606,375) for the second extension term, and Six <br />Hundred Thirty-Six Thousand Six Hundred Ninety-Four Dollars ($636,694) for the third <br />extension term. Any extension will require a written amendment executed by both parties <br />indicating the effective date and length of the extended Agreement. <br />4. Delivery Date. The Goods must be shipped and must arrive at the destination <br />specified in Exhibit A of this Master Purchase Agreement or as otherwise specified by <br />City by the request date specified by City (“Required Delivery Date”). City may also <br />arrange to pick-up Goods from Vendor’s place of business or at a location agreed upon <br />by both Parties. Any failure by Vendor to meet the Required Delivery Date will constitute <br />a material default of this Master Purchase Agreement and City may cancel any Goods <br />not delivered in a timely manner without liability. Vendor must notify City immediately if <br />Vendor reasonably believes Vendor will not be able to meet the Required Delivery Date <br />for any reason and provide City with a schedule that Vendor reasonably believes it will be <br />able to meet. It is within City’s discretion whether it will accept the revised schedule. <br />5. Purchase Price. The aggregate purchase price for the Goods and Services <br />provided under this Master Purchase Agreement will not exceed Five Hundred Fifty <br />Thousand Dollars ($550,000). The purchase price for the Goods and Services is <br />delineated in Exhibit A, which is attached hereto and incorporated herein by reference. <br />Payment will be due thirty (30) days from City’s receipt of an invoice for the Goods and <br />Services, provided that Vendor will not invoice City until all Goods have been received <br />and accepted in accordance with the terms of this Master Purchase Agreement. The unit <br />cost described in Exhibit A will remain firm for the entire term following the Effective Date <br />of this Master Purchase Agreement. <br />6. Cancellation and Termination. City may terminate or cancel this Master Purchase <br />Agreement or Order, or any portion thereof, at any time, with or without cause, by giving <br />Vendor written notice. Cancellation or termination will become effective immediately upon <br />the giving of notice by personal delivery or mail. If Vendor breaches the terms of this <br />Master Purchase Agreement or an Order, City may terminate the Master Purchase <br />Agreement or Order immediately without notice, may reduce payment to Vendor in the <br />amount necessary to offset City’s resulting damages, may procure substitute goods or <br />services at Vendor’s expense, and/or may pursue any other available recourse against <br />Vendor. Upon termination of this Master Purchase Agreement or any Order by City for <br />any reason, City may require Vendor to provide all finished or unfinished goods, <br />documents, data, diagrams, drawings, materials or other matter prepared or built by <br />Vendor in connection with its performance of this Master Purchase Agreement. Upon <br />termination of this Master Purchase Agreement or any Order by City for any reason, City <br />will pay only for Goods or Services ordered and accepted by City. Any payments made <br />in advance will be returned to City on a prorated basis. Vendor may not terminate this <br />ATTY/AGR.2026.060/Thirkettle Corporation dba Aqua-Metric Sales Company (Cold Water Meters) (Page 2 of 10)