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<br />ARTICLE 4 <br />THE CITY'S RESPONSIBILITIES <br /> <br />The City will: <br /> <br />4.1 Provide full information to Norwest regarding the City's requirements for Norwest's <br />services under this Agreement. The City will furnish Norwest with data and information in <br />the City's possession needed by Norwest at Norwest's request. <br /> <br />4.2 Designate Bill White, Finance Director, as the City's Project Manager and authorized <br />representative to act on the City's behalf with respect to this Agreement. The City will <br />examine the documents and information submitted by Norwest and will promptly render <br />responses to Norwest on issues requiring a decision by the City. <br /> <br />4.3 The City will bear all costs incident to this Article. <br /> <br />ARTICLE 5 <br />COMPENSATION <br /> <br />5.1 PAYMENTS ON ACCOUNT OF BASIC SERVICES <br /> <br />5.1.1 Payments for Basic Services will be made to Norwest by the 5th business day of each <br />month following the preceding month monthly upon receipt by City of Norwest's Account <br />Analysis statement. The method to be used for payment of these services will be to <br />compensate Norwest if earnings credit on the City's account balance is not adequate to <br />offset calculated charges shown within the account analysis. Any excess/shortfall of <br />earnings credit will be credited/debited to the City's account once base charges are <br />calculated using the account analysis procedure. <br /> <br />5.1.2 Norwest will furnish at its own expense all necessary administrative services, office <br />space, equipment, clerical personnel, telephon'e and other communication facilities, and <br />insurance premiums. <br /> <br />5.2 PAYMENTS ON ACCOUNT OF ADDITIONAL SERVICES <br /> <br />5.2.1 Payments on account of Norwest's Additional Services as defined in Section 3.4 will <br />be made monthly upon presentation of Norwest's statement of services rendered or <br />expenses incurred, less any disputed amounts, pending resolution thereof and an <br />Authorization of Change in Services form executed by Norwest and the City. <br /> <br />ARTICLE 6 <br />NORWEST'S RECORDS <br /> <br />6.1 Norwest will keep accurate records in which complete and correct entries will be made <br /> <br />11 <br />