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55B - RESO - AGMT - UUT
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55B - RESO - AGMT - UUT
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Last modified
9/29/2016 3:15:21 PM
Creation date
9/29/2016 2:43:47 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55B
Date
10/4/2016
Destruction Year
2021
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C. Upon termination by either party of the Agreement as provided herein, MuniServices shall be entitled to <br />retain any fees it may have received from the City as outlined is this Agreement. In addition, MuniServices <br />shall be entitled to payment according to the terms of Exhibit B for all additional revenues, including interest <br />and penalties, resulting from MuniServices compliance review activities. Within thirty (30) days following <br />termination, MuniServices shall provide the City with a list of detections of non - compliance resulting from <br />the compliance review activities of MuniServices. The City shall, in good faith, diligently seek to: i) correct <br />such detections of non - compliance made by MuniServices prior to the date of termination; and, ii) collect <br />the additional revenues that are due the City and MuniServices for past periods and for the twelve quarters <br />going forward following the correction, even though the date of actual correction may occur after the <br />termination date. MuniServices shall assist the City in this correction /collection effort, if so requested by the <br />City. MuniServices right to compensation for city - specific compliance review activities under Appendix A <br />Section B shall survive termination of this Agreement for any reason. <br />11 <br />55B -39 <br />
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