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funding. <br /> III. <br /> COMPENSATION <br /> A. CITY neither warrants nor guarantees any minimum or maximum <br /> compensation to CONTRACTOR under this Agreement. CONTRACTOR shall be paid only for <br /> actual services performed under this Agreement at the rates and charges identified in Exhibit B. <br /> Any compensation payable to CONTRACTOR shall be paid from a portion of the above- <br /> referenced WIOA and/or SSA grants awarded to the CITY in a total amount not to exceed <br /> $2,500,000.00. <br /> B. Payment by CITY shall be made within thirty (30) days following receipt <br /> of proper invoice evidencing work performed, subject to CITY accounting procedures. <br /> IV. <br /> TERM OF AGREEMENT <br /> A. This Agreement shall commence on the date stated above and continue <br /> through June 30, 2027, with a one-year option to renew executable by the CITY in its sole <br /> discretion, unless terminated earlier by either party. The one-year option may be executed, by a <br /> writing executed by the City Manager and the City Attorney. <br /> B. Unless the CITY authorizes an extension, CONTRACTOR must liquidate <br /> all obligations incurred under the Federal award not later than ninety (90) calendar days after the <br /> end date of the period of performance as specified in the terms and conditions of the Federal award, <br /> as applicable. <br /> IV. <br /> INDEPENDENT CONTRACTOR <br /> A. CONTRACTOR shall, during the entire term of this Agreement, be <br /> construed to be an independent contractor and not an employee of the CITY. This Agreement is <br /> not intended nor shall it be construed to create an employer-employee relationship, a joint venture <br /> relationship, or to allow the CITY to exercise discretion or control over the professional manner <br /> in which CONTRACTOR performs the services which are the subject matter of this Agreement; <br /> however,the services to be provided by CONTRACTOR shall be provided in a manner consistent <br /> with all applicable standards and regulations governing such services. CONTRACTOR shall pay <br /> all salaries and wages, employer's social security taxes, unemployment insurance and similar taxes <br /> relating to employees and shall be responsible for all applicable withholding taxes. <br /> V. <br /> WORKER'S COMPENSATION AND EMPLOYER'S RIGHTS <br /> A. CONTRACTOR shall use appropriate funds received from CITY to provide <br /> workers' compensation to all those hired by CONTRACTOR under this Agreement. <br /> Page 7 of 19 <br />