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WHEREAS, Consultant represents that it possesses the experience, and <br />is qualified to perform the aforesaid services for the Project; <br /> <br /> NOW, THEREFORE, the parties hereto agree as follows: <br /> <br /> 1. CONSULTANT'S SERVICES. Consultant shall prepare a traffic study/ <br />environmental analysis and perform related services described in Exhibit "A" <br />hereof, attached hereto and by this reference incorporated herein. <br /> <br /> 2. COMPENSATION; EXPENSES; DEPOSIT; PAYMENT. City shall <br />compensate Consultant for all services performed by Consultant hereunder in an <br />amount based upon Consultant's hourly rates that are currently prevailing during <br />the time of the performance of said services. Consultant's hourly rates for which <br />services hereunder shall be performed are set forth in Exhibit "B" hereof, <br />attached hereto and by this reference incorporated herein. <br /> <br /> Notwithstanding the foregoing, the combined total of compensation and <br />reimbursement of costs payable hereunder shall not exceed the sum of Thirteen <br />Thousand Eight Hundred Sixty-five and No/100 Dollars ($13,865.00) unless the <br />performance of services and/or reimbursement of costs and expenses in excess <br />of said amounts have been approved in advance of performing such services or <br />incurring such costs and expenses by City's City Council, evidenced by motion <br />duly made and carried. <br /> <br /> Compensation and reimbursement of costs and expenses hereunder shall <br />be payable upon monthly billing therefor by Consultant to City, which billing shall <br />include an itemized statement, briefly describing by task and labor category or <br />cost/expense items billed. <br /> <br />Agmt-461 2 <br />f/slVslVRC/Council <br />FXS:djk <br />05/09/01 <br /> <br /> <br />