Laserfiche WebLink
4. Compensation. <br /> A. Services Performed. The Contractor shall be paid by the City only for completed Work <br /> and for services actually rendered which are described herein. Such payment shall be full <br /> compensation for Work performed or services rendered, including,but not limited to, all labor, <br /> materials, supplies, equipment and incidentals necessary to complete the Work. <br /> B. Payments to Contractor.The Contractor shall be paid such amounts and in such manner as <br /> follows: Twenty Six Thousand Five Hundred Fifty Dollars ($26,550.00) for the months of April, <br /> May and June of 2005 ($8,850.00 for each month) or such other amount as approved by the Everett <br /> City Council for the year 2005. For years subsequent, the compensation shall be by amendment to <br /> this Agreement as the parties may agree upon. Such payment shall be made in monthly payments. <br /> Such payment shall be full compensation for work performed or services rendered and for all labor, <br /> materials, supplies, equipment and incidentals necessary to complete the work. At the end of each <br /> year or as soon thereafter as the parties may agree, the amount of compensation may be adjusted to <br /> reflect any balance the Contractor has, as reported in its year end report required under subparagraph <br /> 12 D. <br /> C. Maximum Compensation.Total compensation, including all services and expenses, shall not <br /> exceed a maximum of Twenty Six Thousand Five Hundred Fifty Dollars ($26,550.00) for the <br /> months of April, May and June of 2005 ($8,850.00 for each month)or such other amount as <br /> approved by the Everett City Council for the year 2005. For years subsequent, the compensation <br /> shall be by amendment to this Agreement as the parties may agree upon. Such payment shall be <br /> made in monthly payments. Such payment shall be full compensation for work performed or services <br /> rendered and for all labor,materials, supplies, equipment and incidentals necessary to complete the <br /> work. At the end of each year or as soon thereafter as the parties may agree, the amount of <br /> compensation may be adjusted to reflect any balance the Contractor has as reported in its year end <br /> report required under subparagraph 12 D. <br /> D. Shortfall of Funds. Funds available for services to be rendered pursuant to this <br /> Agreement are limited. Should insufficient funds be available to fully fund the services agreed to <br /> by the parties, City reserves the right to reduce the monthly payment to Contractor. Should the <br /> monthly payment be reduced by the City due to insufficient funds available, Contractor and City <br /> shall mutually agree on the type and amount of services which are to consequently be reduced or <br /> eliminated. <br /> E. Surplus Funds. Assessment amounts paid to Contractor at the end of any year which are <br /> surplus and over and above the amounts expended by Contractor in carrying out its duties maybe <br /> taken into account by the City in determining the amount of the assessment for the BIA in <br /> subsequent years. In the alternative, the City may require Contractor to fund expenditures in <br /> performance of the Work from Contractor's surplus as an offset to amounts otherwise due under <br /> subsection B of this section. <br /> 8 <br /> 3 <br />