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Agmt10 Piper Jaffray & Co
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Agmt10 Piper Jaffray & Co
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Last modified
10/20/2010 1:37:05 PM
Creation date
10/20/2010 1:37:04 PM
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Agreement
Contractor Name
Piper Jaffray & Co
PROJECT NAME
Form of Deposit/Reimbursement Agreement Community Facilitites District No. 2010-1 (One Marina)
RMP File Number
304
Date
10/20/2010
Reso Ref
15047
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stoppages, or other labor disturbances conducted by, or on behalf of, Consultant's <br /> officers or employees. <br /> Consultant acknowledges the importance to City of City's project schedule and agrees <br /> to meet the schedule. City use its best professional efforts <br /> p Y understands that <br /> Consultant's performance must be governed by sound practices. <br /> 5. Time is of the Essence. Time is of the essence for each and every provision of <br /> this Agreement. <br /> 6. Compensation. The total fee payable for the Services to be performed during the <br /> initial term of this Agreement will be $97,500. No other compensation for the Services <br /> will be allowed except for items covered by subsequent amendments to this Agreement. <br /> City has the authority to withhold a10% retention until City has accepted all of the <br /> services specified in Exhibit "A." <br /> There shall be no additional charge for expenses unless agreed to by City. Payment will <br /> occur only after receipt by City of invoices sufficiently detailed to include hourly rates, <br /> hours worked, and tasks performed, unless otherwise agreed to by City. Incremental <br /> payments, if applicable, will be made as outlined in attached Exhibit "A." <br /> The payment made to Consultant pursuant to the Agreement will be the full and <br /> complete compensation to which Consultant is entitled. City will not be required to pay <br /> any workers' compensation insurance or unemployment contributions on behalf of <br /> Consultant or its employees or subcontractors. Consultant agrees to reimburse City <br /> within thirty (30) days for any tax, retirement contribution, social security, overtime <br /> payment, unemployment payment or workers' compensation payment which City makes <br /> on behalf of Consultant or any agent, employee, or subcontractor of Consultant for work <br /> done under this Agreement. At the City's election, City may deduct the reimbursable <br /> amount from any balance owing to Consultant. <br /> 7. Status of Consultant. Consultant will perform the Services in Consultant's own <br /> way as an independent contractor and not as an employee of City. The persons used <br /> by Consultant to provide services under this Agreement shall not be considered <br /> employees of City for any purposes. <br /> 8. Subcontracting. Consultant will not subcontract any portion of the Services <br /> q YP <br /> without prior written approval of City Manager or his /her designee. If Consultant <br /> subcontracts any of the Services, Consultant will be fully responsible to City for the acts <br /> and omissions of Consultant's subcontractor and of the persons either directly or <br /> indirectly employed by the subcontractor, as Consultant is for the acts and omissions of <br /> persons directly employed by Consultant. Nothing contained in this Agreement will <br /> create any contractual relationship between any subcontractor of Consultant and City. <br /> Consultant will be responsible for payment of subcontractors. Consultant will bind every <br /> subcontractor and every subcontractor of a subcontractor by the terms of this <br /> Agreement over $10K 2 <br /> City Attorney Approved Version 041410 <br />
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