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extended upon a writing executed by the Executive Director of the Finance Department and the City <br />Attorney, <br />3. COMPENSATION <br />a, City agrees to pay, and Consultant agrees to accept as total payment for its services, <br />identified in Exhibit A, Consultant agrees to file all eligible annual fiscal year actual cost <br />reiruibnrseanent claims by the due date in accordance with the annual fixed fee schedule: <br />Claims Covered <br />Claims Due Date <br />Annual Fixed Fee <br />2012 -2013 Annual & New <br />February 15, 2014 <br />$11,500 <br />2013 -2014 Annual & New <br />February 15, 2015 <br />$11,400 <br />2014 -2015 Annual & Now <br />February 15, 2016 <br />$11,400 <br />b. City shall be billed quarterly for the annual Mixed fee. Payment by City shall be made <br />within thirty (30) days following receipt of proper invoice evidencing work perfonned, subject. to <br />City accountiarg procedures. Payment need not be made for work which fails to meet the standards <br />of performance set forth in the Recitals which may reasonably be expected by City. <br />4. INSURANCE <br />Consultant shall obtain and maintain for the entire term of tlus 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 />a, Worker's Compensation Insurance. In accordance with the provisions of Section 3300 of <br />the Labor Code, Consultant, if Consultant has any employees, is required to be insured against <br />liability for worker's compensation or to undertake self-insurance. Prior to commencing the <br />performance of the work under this Agreement, Consultant agrees to obtain and maintain any <br />employer's liability insurance with limits not less than $1,000,000 per accident. <br />b. Professional Responsibility (Errors and Omissions) insurance with a coanhined single <br />limit of not less that $1,000,000.00 per claim, <br />c. The following requirements apply to the insuarance to be provided by Consultant pursuant <br />to this section: <br />(i) Consultant shall maintain all insurance required above in hill force and <br />effect for the entire period covered by this Agreement. <br />(ii) Certificates of insurance shall be furnished to the City upori execution of this <br />Agreement and shall be approved in form by the City Attorney, <br />(iii) Certificates and policies shall state that the policies shall not be canceled or reduced <br />in coverage or changed in any other material aspect without thirty (30) days prior <br />written notice to the City. <br />25C -6 <br />