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ARTICLE 4 <br />RECORDS AND REPORTS <br />Section 4.1 The Contractor will file the following records and reports with the City as directed: <br />4.1.1 Reports of all complaints received, investigations of these complaints, and actions taken <br />by the Contractor. <br />4.1.2 Reports of recycling information which includes volumes by category. <br />Section 4.2 The Contractor will retain all records and supporting documentation applicable to <br />this Contract, and not delivered to the City, for a period of three years except in the event that the <br />Contractor goes out of business, it will deliver to the City all of its records relating to this <br />Contract for retention by the City. <br />ARTICLE 5 <br />TERM; TERMINATION OF CONTRACT <br />Section 5.1 Contract Term <br />This Contract is a one year contract effective July 1, 2009 through June 30, 2010. <br />Section 5.2 Option to Extend <br />This contract may be extended for four (4) additional one (1) year periods, provided all terms <br />and conditions remain in full force and effect except for the contract period being extended. The <br />contract price for any extension period will be adjusted in a percentage amount equal to the net <br />percentage change from the previous year in the Consumer Price Index for Urban Wage Earners <br />and Clerical Workers (all items), as published by the United States Department of Labor, Bureau <br />of Labor Statistics. This option, if exercised, is to be executed in the form of an Authorization of <br />Change in Services, to be issued no sooner than one hundred and twenty days (120) prior to <br />expiration of this contract, nor later than the final day of the contract period. This option to <br />extend requires the mutual agreement of both parties. Refusal by either party to exercise this <br />option to extend will cause this contract to expire on the original or mutually agreed upon date. <br />The total period of this contract, including the extension, as a result of exercising this option, will <br />not exceed a maximum combined period of five (5) years. <br />Section 5.3 Breach/Default <br />Failure by either party to this Contract to perform any of its provisions will constitute a breach of <br />Contract, in which case, either party may require corrective action within ten calendar days from <br />date of receipt of written notice citing the exact nature of such breach. Failure to take corrective <br />action or failure to provide a satisfactory written reply excusing such failure within the <br />prescribed ten calendar days will constitute a default of Contract. The defaulting party will be <br />given a 20 calendar day period within which to show cause why the Contract should not be <br />terminated for default. The City may take whatever action as its interest may appear, resulting <br />9