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or to the Compensation amounts detailed in. Section 2.a., above, shall be subject to <br />approval by the City Council, The City requires bonafide proof of cost increases prior <br />to any price escalation adjustment, .including any state mandated minimum wage <br />increases. No retroactive pricing adjustments shall be considered. The City shall <br />enforce, adjust, or cancel escalating price agreements as it sees fit. The net dollar <br />amount of profit shall, remain firm during the period of this agreement. Adjustments <br />increasing the proposers profit shall not be allowed during the Initial Term of the <br />Agreement, as detailed below in Section 3. <br />e. For any extension period, defined in Section 3 below, Contractor shall provide a written <br />request within one hundred twenty (120) days of the expiration of the Initial Term to <br />the City seeking an increase in costs. Any increase in price shall be subject to approval <br />by the City Council. If the parties cannot mutually agree on new rates for the extension <br />periods, if any, either party shall have the right to terminate this Agreement after the <br />initial term upon sixty (60) days' written notice of termination to the other party <br />d. Payment by City shall be made within forty-five (45) days following receipt of proper <br />invoice evidencing work performed, subject to City accounting procedures. Payment <br />need not be made for work which fails to meet the standards of performance set forth <br />in the Recitals which may reasonably be expected by City. <br />3, TERM <br />This Agreement shall commence on November 1, 2021 and continue for a three (3) year <br />period until October 3I, 2024 with the option for the City to grant up to two (2) one (1) year <br />renewals, exercisable by a writing by the City Manager and the City Attorney, unless terminated <br />earlier in accordance with Section 15, below. <br />4. INDEPENDENT CONTRACTOR <br />Contractor shall, during the entire term 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 Contractor <br />performs the services which are the subject matter of this Agreement; however, the services to be <br />provided by Contractor shall be provided in a manner consistent with all applicable standards and <br />regulations governing such services. Contractor shall pay a]) 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 tees. I <br />5. OWNERSHIP OF MATERIALS <br />This Agreement creates a non-exclusive and perpetual license for City to copy, use, <br />modify, rouse, or sublicense any and all copyrights, designs, and other intellectual property <br />embodied in plans, specifications, studies, drawings, estimates, and other documents or works of <br />authorship fixed in any tangible medium of expression, including but not limited to, physical <br />Page 2of10 <br />