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REV: 04-09-26 VR stoppages, or other labor disturbances conducted by, or on behalf of, Consultant’s officers or employees. 5. Time is of the Essence. Time is of the essence for each and every provision of this Agreement. 6. Compensation. City will pay to Consultant a not-to-exceed amount of One Hundred Thousand Dollars ($100,000) for the completion of all the work and services described herein, which sum will include all costs or expenses incurred by Consultant, payable as set forth in Exhibit “A”. City will have the authority to withhold a 10% retention until it has accepted all of the Services as complete. 6.1. Consultant must submit applications for payment that contain the following: 6.1.1. A clear, detailed invoice reflecting Services for which Consultant is billing City; 6.1.2. A summary sheet showing hourly rates (if applicable); 6.1.3. Number of hours worked; 6.1.4. Percentage of Services completed to date; 6.1.5. Amount/percent billed to date; 6.1.6. Current status of all tasks within a project; 6.1.7. Any backup documentation reasonably necessary to substantiate the preceding items; and 6.1.8. Any changes to the anticipated work schedule. 6.2. The payment made to Consultant pursuant to the Agreement will be the full and complete compensation to which Consultant is entitled. City will not make any federal or state tax withholdings on behalf of Consultant or its officers, agents, employees, consultants, or subcontractors (collectively, “Consultant Personnel”). City will not be required to pay any workers’ compensation insurance or unemployment contributions on behalf of Consultant or any Consultant Personnel. Consultant agrees to reimburse City within thirty (30) days for any tax, retirement contribution, social security, overtime payment, unemployment payment or workers' compensation payment which City makes on behalf of Consultant or any Consultant Personnel for work done under this Agreement. At the City’s election, City may deduct the reimbursable amount from any balance owing to Consultant. ATTY/AGR.2026.100/Good City (5-7-year Economic Vitality Strategy) (Page 2 of 12)