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AGREEMENT FOR <br />COMPENSATION UPDATE SERVICES <br /> <br /> THIS AGREEMENT is made and entered by and between CITY OF LAKE <br />ELMO, MINNESOTA, a municipal corporation (hereinafter “CITY”), and FLAHERTY & <br />HOOD, P.A. (hereinafter “FIRM”). <br /> <br />Recitals <br /> <br />WHEREAS, CITY has a need for Compensation Update services; <br /> <br />WHEREAS, FIRM submitted a quote to provide Compensation Update services to <br />CITY; and <br /> <br />WHEREAS, at a meeting of the City COUNCIL, the CITY COUNCIL determined <br />that FIRM be engaged to perform Compensation Update services and directed that an <br />agreement for such services be executed between FIRM and CITY. <br /> <br />Terms <br /> <br />NOW, THEREFORE, in consideration of the mutual covenants contained herein, <br />the parties agree as follows: <br /> <br />1. APPOINTMENT: CITY appoints FIRM to perform Compensation Update services. <br /> <br />2. AUTHORIZED CITY CONTACT PERSONS: The City Administrator and/or their <br />designee(s) shall be the primary contact person between CITY and FIRM to request <br />Compensation Update services from FIRM. <br /> <br />3. COMPENSATION UPDATE SERVICES TO BE PROVIDED. FIRM will provide <br />Compensation Update services to CITY upon request of the City Administrator and as <br />described in number 4 of this Agreement. <br /> <br />4. COMPENSATION, BILLING, AND PAYMENT PROCEDURES: <br /> <br />4.1. Rates. <br /> <br />4.1.1. Base Services. FIRM will bill and CITY will pay a total cost of $8,750 for <br />Compensation Update services summarized as follows and detailed in <br />FIRM’s proposal to CITY of February 20, 2026, which is incorporated <br />herein by reference in its entirety: <br /> <br /> Review <br /> Market Survey and Analysis, including: <br />• Base Wages <br />• Call Back Pay