Laserfiche WebLink
<br />ARTICLE 5 <br />CONSULTANT'SRECORDS <br /> <br />5.1 All expense records of Consultant will be kept on a recognized accounting basis acceptable <br />to the City and will be available to the City at mutually convenient times. <br /> <br />5.2 The City, its auditors, federal auditors, 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 matter covered by this Agreement. <br /> <br />ARTICLE 6 <br />OWNERSHIP AND USE OF DOCUMENTS <br /> <br />6.1 All documents prepared by Consultant in connection with this Agreement will become the <br />property of the City. City agrees such documents are not intended or represented to be suitable for <br />reuse for another project by City or others. Any such reuse by City or those who obtained said <br />documents ftom City without written verification or adaptation by the Consultant will be at City's <br />sole risk and without liability or legal exposure to the Consultant. <br /> <br />6.2 The Consultant will retain all of its records and supporting documentation relating to this <br />Agreement, and not delivered to the City, for a period of three years except in the event that the <br />Consultant goes out of business during that period, it will turn over, to the City, all of its records <br />relating to the Project for retention by the City. <br /> <br />ARTICLE 7 <br />TERM OF AGREEMENT <br /> <br />7.1 The term of this Agreement begins on the effective date established in the fust paragraph of <br />the Agreement and will end on February 10, 2004 unless this Agreement is terminated under <br />Sections 7.2 or 7.3 below. Consultant understands that the final report is due to the City by May 13, <br />2003. <br /> <br />7.2 This Agreement may be terminated by either party upon 15 days prior written notice should <br />the other party fail substantially to perform in accordance with its terms through no fault of the party <br />initiating the termination. <br /> <br />7.3 This Agreement may be terminated at will by the City upon at least 15 days prior written <br />notice to the Consultant. <br /> <br />HDRRate Design.wpd <br /> <br />11 <br />