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2.COMPENSATION <br />a.City neither warrants nor guarantees any minimum or maximum compensation to <br />Consultant under this Agreement. Consultant shall be paid only for actual services <br />performed under this Agreement at the rates and charges identified in Exhibit B. <br />Consultant is one of three (3) Consultants selected to provide affordable housing <br />financial, analytical, and advisory services on an as needed basis under RFQ No. <br />21-107. The total compensation for services provided by all Consultants selected <br />under RFQ No. 21-107 is a collective amount not to exceed Two Hundred and Fifty <br />Thousand Dollars ($250,000.00) during the term of the Agreement, including any <br />extension periods. <br />b.Payment by City shall be made within forty-five (45) days following receipt of <br />proper invoice evidencing work performed, subject to City accounting procedures. <br />Payment need not be made for work which fails to meet the standards of <br />performance set forth in the Recitals and Scope of Work, which may reasonably be <br />expected by City. <br />3.TERM <br />This Agreement shall commence on the date first written above and continue for three (3) <br />years through November 1, 2024, unless terminated earlier in accordance with Section 17, below. <br />Upon execution and commencement of the Term of this Agreement, Agreement No. A-2018-203 <br />between the City and Consultant shall be terminated. The term of this Agreement may be extended <br />upon a writing executed by the City Manager and the City Attorney. <br />4.INDEPENDENT CONTRACTOR <br />Consultant 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 Consultant <br />perfonns 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 />5.OWNERSHIP OF MATERIALS <br />This Agreement creates a non-exclusive and perpetual license for City to copy, use, <br />modify, reuse, 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 />drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or <br />caused to be prepared by Consultant under this Agreement ("Docmnents & Data"). Consultant <br />Page 2 of IO <br />EXHIBIT 1