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W MREFORE, in consideration of their mutual and respective covenants and <br />promises hereinafter contained and made, and subject t6 all the terms and conditions <br />hereof, the parties hereto do hereby agree as follows; <br />1. Auditor agrees to provide audit services to City as described in the <br />RFP and the Proposal for the term of this Agreement in accordance with the <br />directions of City's Executive Director of Finance & Management Services Agency, <br />2, The City agrees to compensate Auditor for services rendered subject <br />to the maximum annual payments specified in the Proposal and outlined below; <br />FY 93-94 <br />$ 45,000 <br />FY 94-95 <br />47,300 <br />FY 95-96 <br />49,600 <br />FY 96-97 <br />51,900 <br />FY 97-98 <br />54,200 <br />Payment shall be made at such times and in such manner as is mutually agreeable to <br />Auditor and City's Executive Director of Finance & Management Services Agency, <br />3. City agrees to provide assistance to Auditor in accordance with the <br />RFP and the Proposal. <br />4.(a) This Agreement shall be for a term of five years, extending to City's <br />fiscal years 1993-94, 1994-95, 1995-96, 1996-97, and 1997-98, unless sooner <br />terminated pursuant to this section. <br />