Agmt97 CDBG Pen. Habitat for Hu - Laserfiche WebLink

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NOW, THEREFORE, IT IS HEREBY AGREED BY THE PARTIES HERETO AS FOLLOWS: 1. SERVICES TO BE PERFORMED Contractor, under the general direction of the Housing Coordinator or her authorized representative, shall perform services as described in Exhibit A in consideration of the payments hereinafter set forth in Exhibit B. 2. PAYM E N TS A. Maximum Amount. In full consideration of Contractor's Performance of the services described in Exhibit ^, the amount that the City shall be obligated to pay under this Agreement shall not exceed One Hundred Thousand Dollars ($100,000). B. Rate of Payment. The rate and terms of payment shall be as Specified in Exhibit B. Any change is subject to the approval of the Housing Coordinator or her authorized representative, and shall not be binding on City unless so approved in writing. In no event may the terms of payment be changed to the extent that the maximum City obligation shall exceed the total specified in Paragraph 2A above. Each payment shall be conditioned on the performance of the services described in Exhibit A to the full satisfaction of the Housing Coordinator or his representative. C. Time Limit for Submittin,q Invoices. Contractor shall submit a Disclosure of Estimated Fees from Fidelity National Title Company to City for payment in accordance with the provisions of Exhibit A. City shall deposit $100,000 into escrow account no later than three days prior to close of Escrow. City shall not be obligated to pay Contractor for the services covered by any invoice if Contractor presents the invoice to City more than one-hundred twenty (120) days after the date services were rendered, or more that ninety (90) days after this Agreement terminates, whichever is earlier. 3. RELATIONSHIP OF PARTIES It is expressly understood that this is an agreement between two (2) independent contractors and that no agency, employee, partnership, joint venture or other relationship is established by this Agreement. The intent of both City and Contractor is to create an independent contractor relationship.