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<br />. <br /> <br />. <br /> <br />WHEREFORE, in consideration of their mutual and respective covenants and <br /> <br />promises hereinafter contained and made, and subject to all the terms and conditions <br /> <br />hereof, the parties hereto do hereby agree as follows: <br /> <br />1. <br /> <br />SCOPE OF SERVICES <br /> <br />Auditor agrees to provide audit services to City as described in the RFP and <br /> <br />Exhibit A for the term of this Agreement in accordance with the directions of City's <br /> <br />Executive Director of Finance & Management Services Agency. <br /> <br />All terms and <br /> <br />conditions more fully set forth in the RFP and Exhibit A shall have full force and effect <br /> <br />in this Agreement. <br /> <br />2. <br /> <br />COMPENSATION <br /> <br />The City agrees to compensate Auditor for services rendered subject to the <br /> <br />maximum annual payments specified in the Proposal and outlined below: <br /> <br />FY 98-99 <br />FY 99-00 <br />FY 00-01 <br />FY 01-02 <br />FY 02-03 <br /> <br />$ 54,600 <br />55,965 <br />57,364 <br />58,798 <br />60,268 <br /> <br />Payment shaIl be made at such times and in such manner as is mutually agreeable to <br /> <br />Auditor and City's Executive Director of Finance & Management Services Agency. <br /> <br />3. <br /> <br />TERM/TERMINATlON <br /> <br />(a) <br /> <br />This Agreement shall be for a term offive years, extending to City's fiscal <br /> <br />years 1998-99, 1999-00, 2000-01, 2001-02, and 2002-03, unless sooner terminated <br /> <br />pursuant to this section. <br />