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<br />City of Sunny Isles Beach <br /> <br />18070 Collins Avenue, Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 phone (305) 949-3113 Fax <br /> <br />8. TERMINATION. <br /> <br />A. If, through any cause within reasonable control, the Consultant shall fail to fulfill <br />in a timely manner or otherwise violate any of the covenants, agreements or <br />stipulations material to this Agreement, the City shall have the right to terminate <br />the Services then remaining to be performed. Prior to the exercise of its option to <br />terminate for cause, the City shall notify the Consultant of its violation of the <br />particular terms of the Agreement and grant Consultant ten (10) days to cure such <br />default. If the default remains uncured after ten (10) days the City may terminate <br />this Agreement. <br /> <br />(i.) In the event of termination, all finished and unfinished documents, data and <br />other work product prepared by Consultant (and sub consultant(s)) shall be <br />delivered to the City and the City shall compensate the Consultant for all <br />Services satisfactorily performed prior to the date of termination, as provided <br />in Paragraph 4 herein. <br /> <br />(ii.) Nothwithstanding the foregoing, the Consultant shall not be relieved of <br />liability to the City for damages sustained by it by virtue of a breach of the <br />Agreement by Consultant and the City may reasonably withhold payment to <br />Consultant for the purposes of set-off until such time as the exact amount of <br />damages due the City from the Consultant is determined. <br /> <br />B. <br /> <br />Termination for Convenience of City. The City may, for its convenience and <br />without cause terminate the Services then remaining to be performed at any time <br />by giving Consultant ten (10) days written notice. The terms of Paragraphs A(i) <br />and A(ii) shall be applicable hereunder. <br /> <br />C. Termination for Insolvency. The City also reserves the right to terminate the <br />remaining Services to be performed in the event the Consultant is placed either in <br />voluntary or involuntary bankruptcy or makes any assignment for the benefit of <br />creditors. <br /> <br />9. ARBITRATION. It is the intention of the parties that whenever possible, if a dispute or <br />controversy arises hereunder then such dispute or controversy shall be settled by arbitration <br />in accordance with the procedures, rules and regulations of the American Arbitration <br />Association. The decision rendered by the Arbitrator shall be final and binding upon the <br />parties and judgment upon the award rendered by the arbitrator may be entered in any court <br />having jurisdiction. Arbitration shall be held in Miami-Dade County, Florida. All costs of <br />arbitration and attorneys' fees incurred by the parties shall be paid by the non-prevailing <br />party or, if neither party prevails on the whole, each party shall be responsible for a portion <br />3 <br /> <br />C0607-084 American Appraisal Associates, Inc. Consultant Agreement <br />