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IV. PAYMENT <br /> A. Charges and Distribution of Costs. Inconsideration of the joint election services <br /> provided by the Contracting Officer,the City will be charged a share of the Election <br /> costs and an administrative fee. The costs distribution is set forth in the Joint <br /> Election Agreement. The costs to be paid by the City are set forth in the Cost <br /> Estimate. <br /> B. Administrative Fee. The Contracting Officer shall charge a fee equal to 10% of <br /> the City's share of the cost of the Election or a minimum of$75.00. <br /> C. Equipment Rental Fee. Per Section 123.032(d) of the Texas Election Code, the <br /> Hays County Commissioners Court has set the equipment rental fee at $175 each <br /> per controller,per Verity Duo,per scanner,per Tenex touchpad component. If the <br /> County acquires additional equipment during the term of the Contract, the charge <br /> for the use of the equipment may be reset by the Hays County Commissioners <br /> Court. <br /> D. Payment. The Contracting Officer's invoice shall be due and payable to the <br /> address set forth in the invoice within 30 days from the date of receipt by the City. <br /> V. TERM AND TERMINATION <br /> A. Initial Term. The initial term of the contract shall commence upon the last party's <br /> execution hereof and shall continue thereafter in full force and effect for one <br /> year, subject to the termination rights set forth herein. <br /> B. Renewal. Subject to the termination rights set forth herein, this Contract shall be <br /> renewed annually. <br /> C. Termination. If either party wishes to terminate this Contract for convenience or <br /> for cause, the party must provide not less than ninety (90) days' written notice to <br /> the other party and allow for discussion of the desired outcome and options to reach <br /> the desired outcome. In the event of termination, it is understood and agreed that <br /> only the amounts due to the Contracting Officer for services provided and expenses <br /> incurred will be due and payable. <br /> 8 <br />