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<br />extended upon a writing executed by the Executive Director of the Finance Department and the City <br />Attorney. <br /> <br />3. COMPENSATION <br /> <br />a. City agrees to pay, and Consultant agrees to accept as total payment for its services, the <br />rates and charges identified in Exhibit A. The total sum to be expended under this Agreement shall <br />not exceed $12,500.00 during the term of this Agreement. <br /> <br />b. Payment by City shall be made within thirty (30) days following receipt of proper invoice <br />evidencing work performed, subject to City accounting procedures. Payment need not be made for <br />work which fails to meet the standards of performance set forth in the Recitals which may <br />reasonably be expected by City. <br /> <br />c. City shall be billed on an annual fixed fee. Consultant agrees to file all eligible annual <br />fiscal year 2004-2005 actual cost reimbursement claims, and all eligible estimated 2005-2006 <br />reimbursement claims for a fixed fee of Twelve Thousand Five Hundred Dollars ($12,500). The <br />cost of all work proposed will be billed May I, 2006, however the fee will not be due until July 31, <br />2006. <br /> <br />4. INSURANCE <br /> <br />Consultant shall obtain and maintain for the entire term of this Agreement comprehensive <br />general liability insurance, with companies acceptable to the City, authorized to issue such <br />insurance in the State of California. Said insurance shall consist of the following: <br /> <br />a. Reserved. <br /> <br />b. Business automobile liability insurance, or equivalent form, with a combined <br />single limit of not less than $1,000,000 per occurrence. Such insurance shall include <br />coverage for owned, hired, and non-owned automobiles. <br /> <br />c. Worker's Compensation Insurance. In accordance with the provisions of Section <br />3300 of the Labor Code, Consultant, if Consultant has any employees, is required to be <br />insured against liability for worker's compensation or to undertake self-insurance. Prior to <br />commencing the performance of the work under this Agreement, Consultant agrees to obtain <br />and maintain any employer's liability insurance with limits not less than $1,000,000 per <br />accident. <br /> <br />d. Professional Responsibility (Errors and Omissions) insurance with a combined <br />single limit of not less than $1,000,000.00 per claim. <br /> <br />e. The following requirements apply to the insurance to be provided by Consultant <br />pursuant to this section: <br /> <br />(i) Consultant shall maintain all insurance required above in full force an <br />