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MBIA MUNISERVICES COMPANY (MMC) 1 - 2006
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MBIA MUNISERVICES COMPANY (MMC) 1 - 2006
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Last modified
6/10/2014 4:43:57 PM
Creation date
11/15/2006 1:24:07 PM
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Contracts
Company Name
MBIA MUNISERVICES COMPANY (MMC)
Contract #
A-2006-220
Agency
Finance & Management Services
Council Approval Date
8/21/2006
Expiration Date
10/1/2009
Insurance Exp Date
10/31/2013
Destruction Year
2017
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3.3. Annual Fees. The Annual Fee for PropertyLINKTM is Nine Thousand Five Hundred <br />Dollars ($9,500) to be paid in quarterly installments of Two Thousand Three Hundred <br />Seventy Five Dollars ($2,375) at the beginning of each calendar quarter after <br />implementation of the Service. Partial fees for the quarter during which the Service is <br />implemented shall be billed thirty (30) days from the date of implementation. <br />Thereafter, MMC shall invoice CUSTOMER quarterly, at the beginning of each <br />calendar quarter, for Service to be provided during that quarter. The Annual Fee shall <br />be adjusted at the beginning of each calendar year by the percentage change in the <br />Consumer Price Index — West Urban (CPI -WU) as reported by the Bureau of Labor <br />Statistics, with the first adjustment to occur at the beginning of the Calendar year <br />following the first full calendar year of service. The current available CPI -WU is 207.5 <br />based on August 2006 index. The adjustments thereafter will be based on the CPI -WU <br />from the last month of the prior calendar year. Each Annual Fee adjustment shall not <br />be less than two percent (2 %) or greater than ten percent (10 %). The Annual Fee <br />includes: <br />• 24 Hour access to the PropertyLINKTM systems <br />• User support for up to 5 users (Additional users may be added at an increased Base <br />Price.) <br />• Periodic maintenance releases of PropertyLINKTM <br />3.4 Additional Users. Additional Users may be added for a one -time set -up fee of four <br />hundred dollars ($400) per additional User plus two hundred dollars ($200) per <br />additional User in Annual Fees. Customer may authorize additional Users by <br />providing MMC with written authorization that specifies the number of additional <br />Users and authorizes MMC to charge Customer the set -up fee and the additional <br />Annual Fees. The written authorization must be from a person with the authority to <br />bind the Customer. The written authorization may be provided by email. Upon <br />request, Customer will also provide MMC with any additional information MMC <br />needs to add the additional User(s).SecureID's may be transferred to a new user for a <br />one -time transfer fee of one hundred dollars ($100.00) per transfer. A lost or damaged <br />SecureID can be replaced for a one -time fee of three hundred dollars ($300.00) per <br />replacement. Malfunctioning SecureID's will be replaced at no charge. <br />3.5. Additional costs. Additional fees may apply for consulting services, added data <br />layers, customized upgrades, or other services requested by CUSTOMER, which are <br />not reasonably included with the services described in this Addendum. Additional fees <br />will be agreed upon in writing by both parties prior to any commencement of services. <br />Unless CUSTOMER and MMC have agreed in writing before the performance of extra <br />services, no liability and no right to claim compensation for such extra services or <br />expenses shall exist. <br />3.6. Training. Additional training classes are available from MMC in Fresno, CA for the <br />cost of $750 per day for up to 5 users. On site training, at the client site, is $1,200 per <br />day for each group of up to 5 users plus expenses. <br />MMC Services Agreement <br />Page 12 <br />
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