SMITH & ASSOCIATES - CONTRACT FOR CONSULTANT SVCS. REAL PROPERTY APPRAISAL

5. Ownership of Work. All reports, work data, and all other documents completed or partially completed by Consultant in the performance of this Agreement shall become the property of City. 6. Terms. Time is of the essence. Consultant shall begin work upon receipt of a proposed site map and related planning and environmental documents. The work as described in Exhibit "A", Scope of Work, shall be completed within six weeks thereafter. 7. Compensation. For the services to be rendered hereunder, City shall pay Consultant $4,000.00. Payment shall be made on a monthly basis upon receipt of Consultant's invoice and the approval of Larissa Seto. a. Invoices submitted to City for payment must contain a brief description of work performed, percentage of work completed, percentage of contract time used, percentage of contract amount expended and City reference number Payment shall be made within thirty (30) days of receipt of Consultant's invoice. b. Upon completion of work and acceptance by City, Consultant shall have sixty (60) days in which to submit final invoicing for payment. An extension may be granted by City upon receiving a written request thirty (30) days in advance of said time limitation. The City shall have no obligation or liability to pay any invoice for work performed which the Consultant fails or neglects to submit within sixty (60) days, or any extension thereof granted by the City, after the work is accepted by the City. 8. Changes. City may request, from time to time, changes in the scope of services to be provided by Consultant. Any changes and related fees shall be mutually agreed upon between City and Consultant and shall be the subject of a written amendment to this Agreement. 9. Consultant's Status. In the performance of the obligations set forth in this Agreement, Consultant shall have the status of an independent contractor and Consultant shall not be considered to be an employee of the City for any purpose. All persons working for or under the direction of Consultant are its agents, servants, and employees and are not agents, servants, or employees of City. 10. Termination of Convenience of City. The City may terminate this Agreement at any time by mailing a notice in writing to Consultant that the Agreement is terminated. Said Agreement shall then be deemed terminated, and no further work shall be performed by Consultant. If the Agreement is so terminated, the Consultant shall be paid for that percentage of the work actually completed at the time the notice of termination is received. 11. Non-Assignability. The Consultant shall not assign, sublet, or transfer this Agreement or any interest or obligation therein without the prior written consent of the City, and then only upon such terms and conditions as City may set forth in writing. Ims (G:~I,ARISSAS~AGREE_98~FORM\SMI'171.SAM)ane 2