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2. COMPENSATION <br />a. City agrees to pay, and Consultant agrees to accept as total payment for its services an <br />hourly rate of $76.46, effective June 1, 2023 through May 31, 2024 ("lst Year"). <br />Consultant shall also be reimbursed for training and travel which requires pre -approval, <br />in writing, by City. The total amount to be expended during the 1 st year of this <br />Agreement shall not exceed $166,036.80. <br />b. City agrees to pay, and Consultant agrees to accept as total payment for its services an <br />hourly rate of $79.50, effective June 1, 2024 through May 31, 2025 ("2nd Year"). <br />Consultant shall also be reimbursed for training and travel which requires pre -approval, <br />in writing, by City. The total amount to be expended during the 2nd year of this <br />Agreement shall not exceed $172,360. <br />c. City agrees to pay, and Consultant agrees to accept as total payment for its services an <br />hourly rate of $82.70, effective June 1, 2025 through May 31, 2026 ("3rd Year"). <br />Consultant shall also be reimbursed for training and travel which requires pre -approval, <br />in writing, by City. The total amount to be expended during the 3rd year of this <br />Agreement shall not exceed $179,016. <br />d. If the parties exercise the option to extend the term of the Agreement for a 4th Year, as <br />detailed in Section 4 below, the City agrees to pay, and Consultant agrees to accept as <br />total payment for its services an hourly rate of $86.01, effective June 1, 2026 through <br />May 31, 2027 ("4th Year") and/or (the "1st Extension"). Consultant shall also be <br />reimbursed for training and travel which requires pre -approval, in writing, by City. The <br />total amount to expended for the extension shall not exceed $185,900.80. <br />e. If the parties exercise the option to extend the term of the Agreement for a 5th Year, as <br />detailed in Section 4 below, the City agrees to pay, and Consultant agrees to accept as <br />total payment for its services an hourly rate of $89.45, effective June 1, 2027 through <br />May 31, 2028 (5th Year) and/or (the "2nd Extension"). Consultant shall also be <br />reimbursed for training and travel which requires pre -approval, in writing, by City. The <br />total amount to expended during the 2nd extension shall not exceed $193,056. <br />f. The total amount that may be expended throughout the entire term of this Agreement <br />shall not exceed $896,369.60, as detailed in Exhibit B attached hereto. <br />g. Payment by City shall be made within thirty (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. USE AND OWNERSHIP OF DOCUMENTS <br />It is understood by and agreed to between the parties that all written papers or materials <br />prepared pursuant to this Agreement, paid for with Grant funds, or composed utilizing information <br />