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III. <br />COMPENSATION <br />A. CITY neither warrants nor guarantees any minimum or maximum <br />compensation to CONTRACTOR under this Agreement. CONTRACTOR shall be paid only for <br />actual services performed under this Agreement at the rates and charges identified in Exhibit B. <br />Any compensation payable to CONTRACTOR shall be paid from a portion of the above - <br />referenced WIOA and/or SSA grants awarded to the City in a total amount not to exceed <br />$2,000,000.00. <br />B. Payment by City shall be made within thirty (30) days following receipt of <br />proper invoice evidencing work performed, subject to City accounting procedures. <br />IV. <br />TERM OF AGREEMENT <br />A. This Agreement shall commence on the date stated above and continue <br />through June 30, 2023, with a one-year option to renew executable by the CITY in its sole <br />discretion, unless terminated earlier by either party. The one-year option may be executed, or the <br />Term of this Agreement may be further extended, by a writing executed by the City Manager and <br />the City Attorney. <br />B. Unless the CITY authorizes an extension, CONTRACTOR must liquidate <br />all obligations incurred under the Federal award not later than ninety (90) calendar days after the <br />end date of the period of performance as specified in the terms and conditions of the Federal award, <br />as applicable. <br />IV. <br />INDEPENDENT CONTRACTOR <br />Consultant shall, during the entire tern of this Agreement, be construed to be an <br />independent contractor and not an employee of the City. This Agreement is not intended nor shall <br />it be construed to create an employer -employee relationship, a joint venture relationship, or to <br />allow the City to exercise discretion or control over the professional manner in which Consultant <br />performs the services which are the subject matter of this Agreement; however, the services to be <br />provided by Consultant shall be provided in a manner consistent with all applicable standards and <br />regulations governing such services. Consultant shall pay all salaries and wages, employer's social <br />security taxes, unemployment insurance and similar taxes relating to employees and shall be <br />responsible for all applicable withholding taxes. <br />Page 7 of 17 <br />