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2. COMPENSATION <br /> a. City agrees to pay, and Contractor agrees to accept as total payment for its services for <br /> City,the rates and charges identified in Compensation-Exhibit C. The total amount <br /> to be expended during the defined term of this Agreement, including any extension <br /> which may be exercised per Section 3, below, shall not exceed$3,501,682. <br /> b. Payment by City shall be made within forty-five (45) days following receipt of proper <br /> invoice evidencing work performed, subject to City accounting procedures. City and <br /> Contractor agree that all payments due and owing under this Agreement shall be made <br /> through Automated Clearing House (ACH) transfers. Contractor agrees to execute the <br /> City's standard ACH Vendor Payment Authorization and provide required documentation. <br /> Upon verification of the data provided, the City will be authorized to deposit payments <br /> directly into Contractor's account(s) with financial institutions. Payment need not be <br /> made for work which fails to meet the standards of performance set forth in the Recitals <br /> which may reasonably be expected by City. <br /> 3. TERM <br /> This Agreement shall commence on March 1, 2026 and shall continue for a one (1)year term <br /> with the option for the City to grant up to two (2) one(1)year extensions, exercisable by a writing by <br /> the City Manager and the City Attorney,unless terminated earlier in accordance with Section 15, below. <br /> 4. INDEPENDENT CONTRACTOR <br /> Contractor shall, during the entire term of this Agreement, be construed to be an independent <br /> Contractor and not an employee of the City, This Agreement is not intended nor shall it be construed <br /> to create an employer-employee relationship, a joint venture relationship, or to allow the City to <br /> exercise discretion or control over the professional manner in which Contractor performs the services <br /> which are the subject matter of this Agreement; however, the services to be provided by Contractor <br /> shall be provided in a manner consistent with all applicable standards and regulations governing such <br /> services. Contractor shall pay all salaries and wages, employer's social security taxes, unemployment <br /> insurance and similar taxes relating to employees and shall be responsible for all applicable <br /> withholding taxes. <br /> 5. OWNERSHIP OF MATERIALS <br /> This Agreement creates a non-exclusive and perpetual license for City to copy, use, <br /> modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property <br /> embodied in plans, specifications, studies, drawings, estimates, and other documents or works of <br /> authorship fixed in any tangible medium of expression, including but not limited to, physical <br /> drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or <br /> caused to be prepared by Contractor under this Agreement ("Documents & Data"). Contractor <br /> shall require all subcontractors to agree in writing that City is granted a non-exclusive and <br /> perpetual license for any Documents & Data the subcontractor prepares under this Agreement. <br /> Contractor represents and warrants that Contractor has the legal right to license any and all <br /> Documents & Data. Contractor makes no such representation and warranty in regard to <br /> Documents & Data which were provided to Contractor by the City. City shall not be limited in <br /> Page 2 of S <br /> 421072360 <br />