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<br /> <br />AGREEMENT FOR <br />PROFESSIONAL SERVICES <br /> <br />This Agreement for Professional Services (this “Agreement”), made this ____ day of <br />_______________, 2025, by and between the City of Lake Elmo, a Minnesota municipal <br />corporation with its principal office located at 3880 Laverne Ave N., Suite 100, Lake Elmo, <br />Minnesota 55042 (the “City”), and Raftelis Financial Consultants, Inc., a North Carolina <br />corporation with its principal office located at 227 West Trade Street, Suite 1400, Charlotte, NC <br />28202 (“Contractor”). <br /> <br />I. SERVICES TO BE PROVIDED. <br /> <br />Contractor will provide operational audit services to the City for the City’s Public Works <br />Department, as more particularly described in Contractor’s proposal which is attached to this <br />Agreement as Exhibit A (the “Services”). All Services provided by Contractor under this <br />Agreement shall be provided in a manner consistent with the level of care and skill ordinarily <br />exercised by professional consultants currently providing similar services. <br /> <br />II. COST OF SERVICES. <br /> <br />A. Contractor shall perform the Services outlined in this Agreement and its proposal <br />at the rates set forth in Exhibit A at a not to exceed cost of $52,350 (the “Professional Fees”). <br />Contractor shall invoice the City on a monthly basis for the Services performed by Contractor. <br />The invoice must include the number of hours and a description of the Services performed by <br />Contractor. Payment to Contractor by the City shall be due within 30 days of the date of the <br />invoice. <br /> <br />B. The City shall not be responsible for payment for any additional costs or work <br />performed by Contractor that are outside the scope of this Agreement that are not expressly pre- <br />approved by the City. <br /> <br />III. CITY’S REPONSIBLITIES. <br /> <br />Upon request, the City shall provide Contractor with all available relevant materials <br />pertaining to completion of the Services. <br /> <br />IV. TERM AND TERMINATION OF AGREEMENT. <br /> <br />The term of this Agreement shall commence, and Contractor shall commence performing <br />the Services on ______________, 2025. This Agreement shall terminate, and Contractor shall <br />complete all Services to be performed under this Agreement no later than _____________, 2025. <br />This Agreement may be terminated earlier by either party by giving 30 days’ written notice to the <br />other party. Upon termination, Contractor shall be paid by the City for all Services rendered by <br />Contractor and all other pre-approved costs incurred by Contractor as of the date of the termination <br />for which Contractor has not yet been compensated.