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_ —CV,O_5UN Es.BEACH, • 18070 coffins A+enue Sun, I nencn Flo ida 33160 , s 0011,`°4 4gia■N+ 300 947,0606; so`A e: s A-++.sibil.,ef o` 1 'tip, ''•,to•� 4 1 c,f of sal tog Section 2 Special Terms and Conditions 2.1 PURPOSE OF BID: The City of Sunny Isles Beach (the "City") intends to secure the services of a merchant services provider. It is the intent of this proposal document that all work shall result in compliance with the specifications documents and all regulatory requirements applicable to such service. 2.2 PRE-BID CONFERENCE Intentionally Omitted 2.3 TERM This contract will commence on the first calendar day of the month succeeding approval of the contract by the City Commission, or designee, unless otherwise stipulated in the Notice of Award letter, which is distributed by the City's Purchasing Agent; and contingent upon the completion and submittal of all required proposal documents. This contract shall remain in effect for an initial term of three (3) years; provided that the services rendered by the Proposer during the contract period are satisfactory. In the event services are scheduled to end because of the expiration of this contract, the Proposer shall continue the service upon the request of the City. The extension period shall not extend for more than ninety (90) days beyond the expiration date of the existing contract. The Proposer shall be compensated for the service at the rate(s) in effect when the City invokes this extension clause. 2.4 OPTIONS TO RENEW Prior to, or upon completion, of that initial term, the City shall have the option at its sole discretion to renew this contract for two (2)additional three year renewals. 2.5 METHOD OF AWARD See section 4 2.6 PRICE Prices shall remain fixed and firm through the term of the contract. The proposer may request a price increase 60 days prior to each renewal term. If a request is not received the contract will renew at the same prices of the previous term. 2.7 PERFORMANCE BOND Intentionally Omitted City of Sunny Isles Beach !Request for Proposal No. 13-03-01 ;10 .