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documents and information submitted by Consultant and promptly render responses to the <br />Consultant on issues requiring a decision by the City. <br /> <br />3.3 Bear all costs incident to this Article. <br /> <br />ARTICLE 4 <br />COMPENSATION <br /> <br />4.1 PAYMENTS ON ACCOUNT OF BASIC SERVICES <br /> <br />4.1.1 Payments for Basic Services will be made to Consultant following receipt by City of <br />Consultant's invoices following the completion of the work and the City's receipt of pertinent <br />reports. Payment of said invoices will be made within ten (10) business days after City's receipt of <br />the invoice. <br /> <br />4.1.2 Consultant will furnish at its own expense all necessary administrative services, office space, <br />equipment, clerical personnel, telephone and other communication facilities, insurance premiums, <br />and executive and supervisory personnel for arbitrage calculation. <br /> <br />4.2 PAYMENTS ON ACCOUNT OF ADDITIONAL SERVICES <br /> <br />4.2.1 Payments on account of Consultant's Additional Services as defined in Section 2.2 will be <br />made monthly upon presentation of Consultant's statement of services rendered or expenses <br />incurred, less any disputed amounts, pending resolution thereof and an Authorization of Change in <br />Services form executed by the Consultant and the City. <br /> <br /> ARTICLE 5 <br />CONSULTANT'S RECORDS <br /> <br />5.1 All expense records of the Consultant related to this Agreement will be kept on a recognized <br />accounting basis acceptable to the City and will be available to the City at mutually convenient <br />times. <br /> <br />5.2 The City, its auditors, and federal and state agencies that have monitoring or auditing <br />responsibilities for this Agreement will have access to any books, documents, papers and records of <br />the Consultant which are directly pertinent to this Agreement for the purpose of making audit, <br />examination, excerpts, copying and transcriptions. <br /> <br />5.3 The Consultant will furnish to the City at such time and in such form as the City may require, <br />financial statements including audited financial statements, records, reports, data and information, <br />as the City may request pertaining to the matters covered by this Agreement. <br /> <br />arbitrage services.wpd 4 <br /> <br /> <br />