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EXHIBIT II <br />METHOD OF PAYMENT <br />2.1 For basic services under Section 1 Basic Services of the Contractor as <br />described in Exhibit I, CITY shall pay CONTRACTOR as follows consistent with the <br />CONTRACTOR'S Quotation Nos. 2654, 2655, and 2656 prepared by the <br />CONTRACTOR on January 7, 1997 attached hereto as Exhibit IV and made a part <br />hereof. <br />2.1.1 The CITY shall pay the CONTRACTOR a cost not to exceed <br />$22,417 (TWENTY TWO THOUSAND FOUR HUNDRED AND <br />SEVENTEEN DOLLARS) following delivery of the first modified <br />and repaired center support tube to the CITY and upon receipt of an <br />invoice from the CONTRACTOR following the CONTRACTOR' S <br />purchase of all materials needed for the modification of the first <br />center support tube and for all materials necessary for the repair of <br />the end bearing wear sleeves for the other center support tubes; <br />2.1.2 The CITY shall pay the CONTRACTOR a cost not to exceed <br />$17,281 (SEVENTEEN THOUSAND TWO HUNDRED AND <br />EIGHTY ONE DOLLARS) following delivery of the second <br />modified and repaired center support tube to the CITY and upon <br />receipt of an invoice from the CONTRACTOR; <br />2.1.3 The CITY shall pay the CONTRACTOR a cost not to exceed <br />$17,281 (SEVENTEEN THOUSAND TWO HUNDRED AND <br />EIGHTY ONE DOLLARS) following delivery of the third modified <br />and repaired center support tube to the CITY and upon receipt of an <br />invoice from the CONTRACTOR; <br />2.1.4 The CITY shall pay the CONTRACTOR a cost not to exceed <br />$17,281 (SEVENTEEN THOUSAND TWO HUNDRED AND <br />EIGHTY ONE DOLLARS) following delivery of the fourth <br />~~~_.. <br />