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<br /> <br />55. <br /> <br />X:gal Department <br /> <br />June 22, 2005 <br /> <br />Mr. John Allen Moore <br />Navigant Consulting, Inc. <br />111 Congress Avenue, Suite 1600 <br />Austin, Texas 78701 <br /> <br />LETTER AGREEMENT <br /> <br />Dear Mr. Moore: <br /> <br />This letter shall serve as an agreement between Navigant Consulting, Inc. (the "Consultant"), <br />111 Congress Avenue, Suite 1600, Austin, Texas 78701 and the City of San Marcos ("City"), <br />630 East Hopkins, San Marcos, Texas 78666 for the Consultant's provision of professional <br />consulting services in connection with proposed amendments to the City's wholesale power <br />agreement with the Lower Colorado River Authority ("LCRA"). The Consultant's services will <br />include assistance to the City in analyzing LCRA's proposed Amended and Restated Wholesale <br />Power Agreement (the "LCRA Draft Agreement") and in drafting and negotiating revisions to <br />the LCRA Draft Agreement. The Consultant's services are further described in the Consultant's <br />Scope of Services attached as Attachment A. The Consultant agrees to perform all services in <br />accordance with the attached City of San Marcos Terms and Conditions for Professional Service <br />Agreements (Attachment C). <br /> <br />Each material addition to in the services to be provided by the Consultant must be authorized by <br />the City on the Authorization of Change in Services form attached to this Agreement as <br />Attachment D prior to the Consultant's initiation of any additional services. <br /> <br />The City agrees to pay the Consultant a not-to-exceed amount of $35,000.00 for the satisfactory <br />performance of its services. This not-to-exceed amount includes services performed based on <br />hourly rates and reimbursable expenses as specified in Attachment B. Payment will be made to <br />the Consultant monthly following the City's receipt of the Consultant's itemized invoices. The <br />amounts of these invoices will be based upon the hours of work directly performed by the <br />Consultant for the City and any reimbursable expenses, less any disputed amounts, pending <br />resolution thereof. <br /> <br />City Hall · 630 East Hopkins · San Marcos, Texas 78666 · 512/393-8150 · FAX 512/393-3983 <br />