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both the City and Contractor agree and elect to exercise its option to renew, Contractor agrees to honor <br />the same prices reflected in Attachment "A" during the optional renewal period(s), unless the City agrees <br />in writing to a price change prior to the commencement of the optional renewal period(s). <br />ARTICLE S. TIME OF COMPLETION. The Contractor shall commence the Work to be performed <br />under this Agreement and the Contract Documents within the number of consecutive days after the date <br />of written notice from the City Manager or his designee to begin Work and shall fully complete the Work <br />in accordance with this Agreement and the Contract Documents within the number of calendar days as <br />set forth in the Contract Documents. <br />ARTICLE 6. TIME IS OF THE ESSENCE; LIQUIDATED DAMAGES. It is mutually agreed <br />between the parties hereto, that time is of the essence of this Agreement, and, in the event that the <br />Work is not completed within the time specified in the Contract Documents, including this Agreement, it <br />is agreed that from the compensation otherwise to be paid to the Contractor, the City may retain for each <br />day thereafter, Sundays and holidays included, the sum of $250.00 (two hundred and fifty dollars) per <br />day for failure of the Contractor to complete the Work within the time stipulated, and that this sum is not <br />a penalty, but will be the liquidated damage(s) that City will have sustained in the event of such default <br />by the Contractor. <br />ARTICLE 7. CONTRACT DOCUMENTS: All of the documents hereinafter listed form the Contract <br />and they are as fully as part of the Contract as if attached to this Agreement, or repeated in this <br />Agreement: <br />ADVERTISEMENT FOR PROPOSAL <br />CONTRACTOR'S RESPONES TO ADVERTISEMENT TO PROPOSAL <br />CONTRACTOR'S BID BOND <br />THIS AGREEMENT <br />PERFORMANCE BOND <br />INSTRUCTIONS TO PROPOSERSS <br />SPECIFICATIONS <br />ADDENDA <br />ARTICLE 8. CONTINGENCY CLAUSE. Funding for this Agreement is contingent upon the <br />availability of funds and continued authorization for project activities and is subject to amendment or <br />termination due to lack of funds, reduction of funds, and /or change in regulations, upon thirty (30) days <br />written notice. <br />ARTICLE 9. MATERIALITY AND WAIVER OF BREACH. <br />(a) City and Contractor agree that each requirement, duty, and obligation set forth in these <br />Contract Documents is substantial and important to the formation of this Contract and, <br />therefore, is a material term hereof; and <br />(b) City's failure to enforce any provision of this Contract shall not be deemed a waiver of such <br />provision or modification of this Contract. A waiver of any breach of a provision of this <br />Contract shall not be deemed a waiver of any subsequent breach and shall not be construed <br />to be a modification of the terms of this Contract. <br />ARTICLE 10. SEVERANCE. In the event a portion of this Contract is found by a court of competent <br />jurisdiction to be invalid, the remaining provisions shall continue to be effective unless City or Contractor <br />elects to terminate this Contract. An election to terminate this Contract based upon this provision shall <br />be made within seven (7) days after the finding by the court becomes final. <br />PAGE 91 OF 105 <br />PROPOSAL NO. <br />