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charge. e. Estimated Project Milestones (Subject to Change based on Availability of Council Chambers Date Task Com leted First Week of September Remove glass, re -install cabling Second Week of Se tember Install frame and anels Third Week of September Integration RPV to TV One Third Week of September TV One Commissioning Fourth Week of September Testing and Proof of Performance Fourth Week of September Orientation and Training Next Council Meeting After Completion VMI to attend City,Council meeting 2. COMPENSATION a. City agrees to pay, and VMI agrees to accept as total payment for its services for City, the rates and charges identified in Compensation - Exhibit A. The total amount of compensation paid pursuant to this Agreement shall not exceed one hundred and forty-four thousand dollars and eight hundred and fifty-five dollars and fifty-eight cents ($144,855.58), plus 10% ($14,486.56) for a contingency to be used at the City's sole discretion for unanticipated expenses. The total agreement amount shall not exceed $159,342.14. during the term of this Agreement. b, Progress payments shall be made on this project as follows: Date _ Percentage of Total Amount Agreement At start of work 25% $36,213.90 After TC One Commissioning 25% $36,213.90 Completion of project 50% $72,427.78 + any portion of the contingency utilized by the Cit . c. Payment by City shall be made within forty-five (45) days following receipt of proper invoice evidencing work performed, subject to City accounting procedures. Payment need not be made for work, which fails to meet the standards of performance set forth in the Recitals, which may reasonably be expected by City. 3. TERM This Agreement shall commence on the date first written above for a term of six months , unless terminated earlier in accordance with Section 15, below. The term of the Agreement can #2420v4