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2. COMPENSATION a. City agrees to pay, and Contractor agrees to accept the overtime rate of $67.50 an hour for security guard services. The total compensation authorized by this Agreement for additional overtime services shall not exceed $810.00. b. City will compensate Contractor for services and compensation provided in Agreement #N-2023-145 in the amount of $2,880.00. The combined amount for compensation owed under Agreement 4N-2023-145 and this new Agreement shall not exceed $3,690.00, as detailed in Exhibit A. C. Full payment by City shall be made within forty-five (45) days of the Final execution of this Agreement. 3. TERM This Agreement shall commence on the effective date above and terminate per the time period noted in Section 2.c., above. 4. INDEPENDENT CONTRACTOR Contractor shall, during the entire term of this Agreement, be construed to be an independent contractor and not an employee of the City. This Agreement is not intended nor shall it be construed to create an employer -employee relationship, a joint venture relationship, or to allow the City to exercise discretion or control over the professional manner in which Contractor performs the services which are the subject matter of this Agreement; however, the services to be provided by Contractor shall be provided in a manner consistent with all applicable standards and regulations governing such services. Contractor shall pay all salaries and wages, employer's social security taxes, unemployment insurance and similar taxes relating to employees and shall be responsible for all applicable withholding taxes. 5. INSURANCE Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor, his agents, representatives, employees or subcontractors. a. Minimum Scope and Limit of Insurance: I. Commercial General Liability Insurance. Contractor shall maintain commercial general liability insurance, utilizing Insurance Services Office Form CG 00 01 covering CGL on an 'occurrence" basis, including products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than $2,000,000 per occurrence. If a general aggregate limit applies, either the general aggregate limit shall apply separately to this projecvlocation ( ISO Page 2 or 9