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<br /> 21 <br /> LETTER OF AGREEMENT FOR PROFESSIONAL SERVICES <br /> This Agreerrent entered into this ~ day of February, 1986, by <br /> and between the City of San Marcos, Texas and Naters, Trego & Davis, <br /> Inc., a Texas Corporation with offices at One Turtle Creek Village, <br /> Suite 520, Dallas, Texas, 75219. <br /> I. Scope of Services <br /> hlaters, Trego & Davis, Inc. will provide professional human <br /> resource consulting services for the installa tion of a <br /> performance-based pay system for the City of San Marcos. All services <br /> are outlined in Section 4 of the formal proposal which is attached as <br /> Appendix A and incorporated herein by reference and made a part hereof <br /> in its entirety. <br /> II. Professional Fees <br /> Professional fees for said project will be $28,150. All project <br /> elements stated in Appendix A will be completed for the above stated <br /> cost. OUt of pocket expenses for travel, postage and printed material <br /> will be billed at actual cost not to exceed an ëggrega te of <br /> $3,000.00. Progress payments for professional services and <br /> expenses reimbursement will be made monthly upon the submittal of a <br /> statement by Waters, Trego, and Davis, Inc. <br /> III. Term <br /> This agreement shall comnence on February 3, 1986 and shall cover <br /> the period necessary for successful completion of each project phase. <br /> The estimated time of completion is April 15, 1986, but in no case <br /> shall the completion of this agreement extend beyond May 1,1986. This <br /> agreement may be terminated by the City by giving thirty days written <br /> notice to tvaters, Trego & Davis. <br /> IV. Project Reporting <br /> Sta tus reports will be provided to the City Manager and the <br /> Personnel Director every other Friday, beginning on February 14 and <br /> continuing to the completion of the project. <br /> Executed this 11 day of February, 1986. <br /> Cit Texas <br /> Manager <br />