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INVOICE CLOUD, INC (2)
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INVOICE CLOUD, INC (2)
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Last modified
3/26/2020 3:43:56 PM
Creation date
3/3/2020 11:40:49 AM
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Contracts
Company Name
INVOICE CLOUD, INC
Contract #
A-2020-028
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
2/18/2020
Expiration Date
6/30/2024
Insurance Exp Date
1/1/2021
Destruction Year
0
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INVOICE CLOUD, INC
(Amends)
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CONSULTANT or CONSULTANT's merchant processor directly debts CITY provided bank <br />account. <br />3. OPTIONAL CONTINGENCIES <br />a The PARTIES hereto now desire to include a separate Optional Contingency, solely <br />exercisable by CITY, for CONSULTANT to provide CITY with an updated walk-up payment <br />kiosk hardware and software solution utilizing Kiosk Information Systems, Inc. authorized <br />hardware, software, hosting services, and program maintenance. This Optional Contingency may <br />be exercised by CITY prior to March 1, 2020, on a forty-five (45) month prepaid lease basis with <br />the currently planned start date beginning October 1, 2020 and continuing through June 30, 2024 <br />for a net amount not to exceed $135,000, with the parties signing the applicable Add On Biller Order <br />Form at the time of exercise. The detail terms for the exercise of this optional contingency provision shall <br />be set -out via a Change Order proviso. <br />b. The PARTIES hereto now desire to include a separate Optional Contingency, solely <br />exercisable by CITY, for CONSULTANT to provide CITY with PayGo services to permit <br />payment of CITY Municipal Utility Services charges at 7Eleven Stores and CVS Pharmacies for <br />a cost not to exceed $19,500 annually, with a further contingency in the amount of $5,500 due to <br />variability in the number of actual annual PayGo processing transactions versus anticipated annual <br />transactions which will be subject to additional terms and conditions to be agreed by the Parties. This <br />Optional Contingency may be exercised by CITY prior to December 1, 2020, on a three-year fiscal <br />year basis with the currently planned start date beginning July 1, 2021 and continuing through June <br />30, 2024 for a net amount not to exceed $75,000, with the parties signing the applicable Add On Biller <br />Order Form at the time of exercise. The detail terms for the exercise of this optional contingency <br />provision shall be set -out via a Change Order proviso. <br />FREENFIX7351 <br />The Term of this Agreement shall be effective from July 1, 2018 and shall terminate on <br />June 30, 2024, unless amended by the PARTIES for a longer term or terminated earlier in <br />accordance with Section 13, below. <br />H <br />H <br />{Signatures on following page} <br />
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