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2-2.0 Maximum Contract Compensation <br />Maximum compensation payable to CONSULTANT for all services rendered by <br />CONSULTANT to CITY, inclusive of all amounts payable for optional and contingency <br />services shall not exceed $206,250 unless an increase in maximum contract <br />compensation shall be agreed to by the parties pursuant to duly executed amendment to <br />this Agreement. <br />3. TERM <br />The initial term for the provision of services as set forth in section 1 of this Agreement <br />shall be for a period of three (3) years commencing February 1, 2021, with two (1) one-year <br />options exercisable in the sole discretion of the City, by a writing executed by the City Manager <br />and the City Attorney, if neither party has terminated said Agreement in accordance with section <br />3-1.0. <br />3-1.0 Termination. <br />The Parties reserve the right to terminate this Agreement at any time, with or <br />without cause, upon sixty (60) days' written notice to the non -terminating party, except <br />that where termination is for cause, the Parties will comply with the dispute resolution <br />process in Section 4-11.2. In the event of termination without cause pursuant to this <br />Section, the terminating party need not provide the non -terminating party with the <br />opportunity to cure pursuant to Section 4-11.2. <br />3-2.0. Effect of Termination <br />Upon issuance of any notice of termination, CONTRACTOR shall immediately cease all <br />services hereunder except such as may be specifically approved by the Contract Officer. <br />The CONTRACTOR shall be entitled to compensation for all services rendered prior to <br />the effective date of the notice of termination and for any services authorized by the <br />Contract Officer thereafter; provided, however, that payment need not be made for work <br />which fails to meet the standard of performance specified in the Recitals of this Agreement. <br />4. GENERAL PROVISIONS <br />4-1.0 Definitions <br />For purposes of this Agreement, the following terms shall have the meaning stated below <br />Audit Review: "Audit" or "Audit Review" shall mean the comparison of databases to <br />ensure that parcels are correctly coded with the appropriate tax rate area to return revenue <br />to the client city. Audits include the secured and unsecured tax rolls and where secured <br />records are corrected; the corresponding unsecured records related to those properties <br />are also corrected. A review of the calculation methodologies developed by <br />auditor/controller offices in the administration of property tax is made to ensure <br />compliance. New annexations are audited the 1st or 2nd year after the area's adoption <br />due to the timing of LAFCO and the State Board of Equalization in assigning new tax rate <br />areas and county processing of those changes. <br />County: "County' shall mean the County in which the CITY is located <br />