Reso 2024-3713 - Laserfiche WebLink

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Cite of Sunny Isles Beach 18070 Collins Avenue, Sunny Isles Beach, Florida 33160 (305) 947-0606 phone (305) 949-3113 Fax the City shall have the option at its sole discretion to renew this contract for three (3) additional one-year renewal terms. Payment will be made only for work completed to the satisfaction of the City. The terms of Sections 18 and 20 entitled "Indemnification and Waiver of Liability," and "Compliance with Law," respectively, shall survive termination of this Agreement. It is hereby furtheragreed and understood that this Agreement may be extended for an additional thirty (30) day transitional period afterthe stated expiration date of the Agreement, includ ing any extensions exercised under the initially established option period terms of the Agreement. During this transitional period, Contractor agrees to continue the same or a reduced level (if such red uction is mutually agreed to and appropriately documented)of service to the City at the same prices while a new Agreement, also in force, is being mobilized. 5. COMPENSATION. During the term of this Agreement, Contractor agrees to provide the Services, on a recurring basis, in a total amount not to exceed Five Million Two Hundred Thousand Dollars and No Cents ($5,200,000.00). Payment to Contractor for all charges and tasks under this Agreement shall be in accordance with the Contract Documents and the Fee Schedule as reflected in Attachment "A," under the following conditions: A. Disbursements. There are no reimbursable expenses associated with this Agreement. B. Payment Schedule. Invoices received from the Contractor pursuant to this Agreement will be reviewed by the initiating City Department. Contractor shall invoice the City for recurring monthly payments of Forty -Six Thousand Six Dollars and Eighteen Cents ($46,006.18) for City's Parks, and Seventy -Two Thousand Six Hundred Three Dollars and Twenty -Seven Cents ($72,603.27) for rights -of way, for a total recurring monthly payment of One Hundred Eighteen Six Hundred Nine Dollars and Forty -Five Cents ($118,609.45). If services have been rendered in conformity with the Agreement, the invoice will be sent to the Finance Department for payment. Invoices must reference the Agreement number assigned hereto. Invoices will be paid in accordance with the State of Florida Prompt Payment Act. The City will pay properly submitted Contractor invoices following each monthly period within thirty (30) days of receipt, for completed and accepted deliveries or specified services and/or goods, unless the City notifies the Contractor in writing of the dispute, before payment is d ue. C. CPI Ad iustment for Renewal Terms. Prior to completion of each exercised contract term, the City may consider an adjustment to price based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI -W): Miami -Fort Lauderdale, FL. It is the Contractor's responsibility to request any pricing adjustment under this provision, which shall not exceed 5%. D. Availability of Funds. The City's performance and obligation to pay under this Agreement is contingent upon an annual appropriation for its purpose by the City Commission. In the event the City Commission fails to appropriate funds for the particular purpose of this Agreement during any year of the term hereof, then this age I of 19