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understands that City shall notify Cont in property not intended, nor desi acknowledges that City does not guarai In addition, should such storage/parkin lots, may not be guarded. Therefore, C for and risk of any and all property dai negligence of City, criminal acts of a vehicle is parked during the dates prov upon, in writing, for any parking costs ctor, in v ied for ae the se be requi to riting, if parking is to be provided use as a storage facility and urity of the property being stored. ad, Contractor acknowledges that ;Tees to assume full responsibility where such damage is due to the or otherwise while Contractor's City and Contractor shall agree City, where needed. Contractor Initials 2. COMPENSATION a. City agrees to pay, and Contractor agrebs to accept as total payment for its services for City, the rates and charges identified in Exhibit A, attached hereto and incorporated in full. The total amount to be expended under this Agreement shall not exceed Eighteen Thousand, Fifty Dollars and Zero Cents ($18,050). b. City shall pay Contractor the full amount of $5,415 on the day of the event for Kids Night Out, subject to City accounting prrocedures. C. Remaining balance of invoiced amount for each specific event shall be processed within forty-five (45) days following receipt of proper invoice evidencing work performed, subject to City accounting procedures. d. Payment need not be made for work that fails to meet the standards of performance set forth in the Recitals and Scope of Work, which may reasonably be expected by City. 3. TERM This Agreement shall commence on January 12, 2023 and terminate on June 30, 2023, unless terminated earlier in accordance with Section 17, below. 4. PREVAILING WAGES Contractor is aware of the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations,; Title 8, Section 16000, et seq., ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on "public works" find "maintenance" projects. If the services being performed are part of an applicable "public works" or "maintenance" project, as defined by the Prevailing Wage Laws, and the total compensation is $1,000 or more, Contractor agrees to fully comply with such Prevailing Wage Laws. Contractor shall defend, indemnify and hold the City, its elected officials, officers, employees and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws, Page 2 of 10