Item 26 - Debit and Credit Card Merchant Payment Processing Services

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DocuSign Envelope ID: 69E4955D-23F3-4407-84A7-E75FDC837DB9 a. The breakdown of these expendable funds by fiscal year shall be as set forth in the Contract Expenditure Table shown below: Contract Expenditure Table Support & Base Maximum Fiscal Year Maintenance Contract Percent Contingency Expenditure Amount Amount Contingency Amount Amount FY 2022-23 $5,000 $195,500 15% $29,325 $229,825 FY 2023-24 $5,000 $195,500 15% $29,325 $229,825 FY 2024-25 $5,000 $200,000 15% $30,000 $235,000 FY 2025-26 $5,000 $210,000 15% $31,500 $246,500 FY 2026-27 $5,000 $220,000 15% $33,000 $258,000 FY 2027-28 $5,000 $230,000 15% $34,500 $269,500 FY 2028-29 $5,000 $240,000 15% $36,000 $281,000 FY 2029-30 $5,000 $125,000 15% $18,750 $148,750 $40,000 $1,616,000 $242,400 $1,898,400 b. Payment by City shall be made within forty-five (45) days following receipt of proper invoice evidencing work performed, subject to City accounting procedures. Payment need not be made for work which fails to meet the standards of performance set forth in the Recitals which may reasonably be expected by City. Billing or invoice statements shall be presumed to have been received three (3) days after they are mailed or twenty- four (24) hours after being electronically transmitted in accordance with the provisions of Section 13 of this Agreement ("NOTICE"). c. Change Order Contingency: During the term of this Agreement, City may request optional services of Consultant at mutually agreed upon scope and fees. 1. Change Order No extra work may be undertaken unless a written "Change Order" is first given by the Contract Officer or his/her designee, to Consultant, incorporating therein any material change in the scope, fees and/or administration of this Agreement proposed by City. 2. Additional Work or Services (a) Extra Work or Services City shall have the right at any time during the performance of the work or services set forth in this Agreement, without invalidating said Agreement or any amendments thereto, to elect to exercise any existing option specified in the Scope of Services for extra work or services or to order extra work or services pursuant to a duly executed Change Order or to expend previously appropriated, but unspent contingency funds authorized to be carried forward by the Executive Director of Finance and Management Services to cover expenses for work or services agreed to by the parties but exceeding any annual City fiscal year compensation amount cap initially specified under the Compensation provisions Page 2 of 11