07-13-2020 Council Packet - Laserfiche WebLink

Home Search

AGREEMENT FOR FINANCIAL SERVICES -CONTINUED ARTICLE III DURATION OF THE AGREEMENT Section 1 Duration: This Agreement shall commence upon date of execution by all parties and will remain in effect until September 30, 2020 unless earlier terminated as provided in Sections 2 and 3. Section 2 City’s Termination Rights: City may terminate this Agreement upon fourteen (14) days written notice in the event the City determines in its sole discretion that it is not in the City’s best interest to continue using Contractor’s services. The City may terminate on ten (10) days written notice if the Contractor fails to perform its obligations under this Agreement. Section 3 Contractor’s Termination Rights: Contractor may terminate this Agreement upon fourteen (14) days written notice to City in the event City does not pay Contractor compensation as required under Article 5, Section 9 within fifteen (15) days after invoice is received by City. In the event of non-payment within thirty (30) days, Contractor shall give City an opportunity to cure the default by giving a notice of such non-payment and an additional five (5) days after the City’s receipt of the notice to remit such payment, prior to giving a notice of termination. Contractor can also terminate the Agreement with ten (10) days written notice if the Contractor believes it is in its best interests to terminate the Agreement. ARTICLE IV RENEWAL OF THE AGREEMENT Section 1 Renewal Period: Not less than ten (10) days prior to the expiration of this Agreement, the City may provide written notice of intent to renew this Agreement for an additional term of up to three years upon terms and conditions agreed upon by both parties to the Agreement. If no such renewal agreement is executed by the parties, the Agreement terminates without further action of either party on September 30, 2020. ARTICLE V GENERAL Section 1 Authorized City Agent: The City’s authorized agent for the purpose of administration of this Agreement is the City Administrator. Said agent shall have final authority for approval and acceptance of the Contractor’s services performed under this Agreement and shall further have responsibility for administration of the terms and conditions of this Agreement. All notices under this Agreement shall be sent to the person and address indicated below on the signature lines. Section 2 Amendments: No amendments or variations of the terms and conditions of this Agreement shall be valid unless in writing and signed by the parties. Section 3 Assignability: The Contractor’s rights and obligations under this Agreement are not assignable or transferable.