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AGREEMENT FOR FINANCIAL SERVICES- CONTINUED <br /> ARTICLE III <br /> DURATION OF THE AGREEMENT <br /> Section 1 Duration: This Agreement shall commence upon date of execution by all parties and will remain in effect until <br /> September 30, 2018 unless earlier terminated as provided in Sections 2 and 3. <br /> Section 2 City's Termination Rights: City may terminate this Agreement upon thirty(30)days written notice in the event the City <br /> determines in its sole discretion that it is not in the City's best interest to continue using Contractor's services. The City may terminate <br /> on ten (10)days written notice of the Contractor fails to perform its obligations under this Agreement. <br /> Section 3 Contractor's Termination Rights: Contractor may terminate this Agreement upon thirty(30)days written notice to City in the <br /> event City does not pay Contractor compensation as required under Article 5, Section 9 within fifteen (15)days after invoice is received <br /> by City. In the event of non-payment within thirty(30)days, Contractor shall give City an opportunity to cure the default by giving a <br /> notice of such non-payment and an additional five (5)days after the City's receipt of the notice to remit such payment, prior to giving a <br /> notice of termination. Contractor can also terminate the Agreement with thirty(30)days written notice if the Contractor believes it is in <br /> its best interests to terminate the Agreement. <br /> ARTICLE IV <br /> RENEWAL OF THE AGREEMENT <br /> Section 1 Renewal Period: Not less than thirty(30)days prior to the expiration of this Agreement,the City may provide written notice of <br /> intent to renew this Agreement for an additional term of up to three years upon terms and conditions agreed upon by both parties to <br /> the Agreement. If no such renewal agreement is executed by the parties, the Agreement terminates without further action of either <br /> party on September 30, 2018. <br /> ARTICLE V <br /> GENERAL <br /> Section 1 Authorized City Agent: The City's authorized agent for the purpose of administration of this Agreement is the City <br /> Administrator. Said agent shall have final authority for approval and acceptance of the Contractor's services performed under this <br /> Agreement and shall further have responsibility for administration of the terms and conditions of this Agreement. All notices under this <br /> Agreement shall be sent to the person and address indicated below on the signature lines. <br /> Section 2 Amendments: No amendments or variations of the terms and conditions of this Agreement shall be valid unless in writing and <br /> signed by the parties. <br /> Section 3 Assignability: The Contractor's rights and obligations under this Agreement are not assignable or transferable. <br /> Section 4 Data: Any data or materials, including, but not limited to, reports, studies, photographs, negatives, or any and all other <br /> documents prepared by the Contractor or its outside consultants in the performance of the Contractor's obligations under this <br /> Agreement shall be the exclusive property of the City, and any such data and materials shall be remitted to the City by the Contractor <br /> upon completion, expiration, or termination of this Agreement. Further, any such data and materials shall be treated and maintained by <br /> the Contractor and its outside consultants in accordance with applicable federal, state and local. Further, Contractor will have access to <br /> data collected or maintained by the City to the extent necessary to perform Contractor's obligations under this Agreement. Contractor <br /> agrees to maintain all data obtained from the City in the same manner as the City is required under the Minnesota Government Data <br /> Practices Act, Minnesota Statutes Chapter 13 or other applicable law(hereinafter referred to as the"Act"). Contractor will not release or <br /> disclose the contents of data classified as not public to any person except at the written direction of the City. Upon receipt of a request <br /> to obtain and/or review data as defined in the Act, Contractor will immediately notify the City. The City shall provide written direction to <br /> Contractor regarding the request within a reasonable time, not to exceed fifteen (15)days. The City agrees to indemnify, hold harmless <br /> and defend Contractor for any liability, expense, cost, damages, claim, and action, including attorneys'fees, arising out of or related to <br /> Contractor's complying with the City's direction. Subject to the aforementioned, Contractor agrees to defend and indemnify the City from <br /> any claim, liability, damage or loss asserted against the City as a result of Contractor's failure to comply with the requirements of the <br /> Act. Upon termination and/or completion of this Agreement, Contractor agrees to return all data to the City, as requested by the City. <br /> People <br /> ple <br /> +Process <br /> 17-5 <br />