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<br /> 2 <br />2. COMPENSATION <br /> <br />a. City agrees to pay, and Consultant agrees to accept as total payment for its services <br />during the first year of the Agreement (2021-2022), the rates and charges identified in <br />Exhibit A and B (Scope of Services for year one). The total sum to be expended under <br />the term of this Agreement, including any extension periods, shall not exceed one <br />million one hundred fifty thousand dollars ($1,150,000.00) during the five-year term <br />of this Agreement. This amount is compromised of the base sum of (1) $600,000 for <br />years one through three, (2) $400,000 for years four and five, and (3) a 15% <br />contingency of up to $150,000 for additional costs or services as may be directed by <br />the City. Funding for 2022-2023, 2023-2024, 2024-2025 and 2025-2026 are contingent <br />upon grant funding being secured by the Cit y and if such funding is not secured, then <br />the Agreement will terminate when the current term’s funding is exhausted. <br /> <br />b. Payment by City shall be made within forty-five (45) days following receipt of proper <br />invoice evidencing work performed and deliverables completed, subject to City <br />accounting procedures. Payment need not be made for work, which fails to meet the <br />standards of performance set for in the Recitals, which may reasonably be expected by <br />City. <br /> <br />3. TERM <br /> <br /> This Agreement shall commence on August 17, 2021 and terminate on June 30, 2024, <br />unless terminated earlier in accordance with Section 15, below. The term of this Agreement may <br />be extended for up to two (2) one (1) year options to renew at the City’s sole discretion and <br />contingent upon funding being secured by the City, as defined in Section 2.a., above. <br /> <br />4. OWNERSHIP OF MATERIALS, SUPPLIES, DRAWINGS, SPECIFICATIONS, <br />PROGRAMS AND SYSTEMS <br /> <br /> Any and all records, papers, plans, drawings, specifications, programs, systems and other <br />materials prepared by Consultant pursuant to this Agreement shall be the property of the City. <br />Consultant agrees to provide the City with any such materials whenever requested to do so. <br /> <br />5. INDEPENDENT CONTRACTOR <br /> <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 />performs 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 />