2018-138A - Laserfiche WebLink

Home Browse Search

the Auditor, then the Auditor shall promptly replace its Auditor's Audit Team manager with a person of comparable experience and expertise, who shall also be subject to the County's approval. The County acknowledges and agrees that its approval shall not be unreasonably withheld. 6. TERM: TERMINATION: 6.1. This Agreement shall remain in effect fora term of three (3) years; or. five (5) years if the optional two-year, renewal is.exercised, subject to sooner termination as provided herein:.: The Auditor acknowledges and agrees that the.completion of the audit for the County's 2014= 2015 fiscal year is:specifically included with the term of this.: Agreement, subject:to sooner termination as provided herein. . 6.2.. This.Agreement may be terminated: (a). 'by the County, for any reason, upon at least ninety.(90) days' prior written notice to the Auditor; or (b) by the Auditor, for any reason, upon at least ninety: (90) days' prior written notice to the County; or (c) by the mutual agreement of the parties or d) as:may otherwisebe provided below. In the event of the termination of this Agreement, any liability of one party to the other arising out of any Services rendered, or for any, act or event occurring prior to the termination, shall not be terminated or released. 6.3. In. the event of termination by the County, the. County's sole obligation to :the Auditor shall be payment for those portions of satisfactorily completed work under this Agreement. Such payment shall be determined on the basis of the hours of work performed by the. Auditor, or the percentage of work completed as estimated by the Auditor and agreed upon by the County upto the time of termination: In the event of such termination, :the County may, . without penalty or other obligation to the Auditor, elect to . employ. other persons to perform the same or similar services. 6A. The. obligation to provide. Services under this Agreement may be terminated by either party upon seven (7). days prior written notice in the event.:of substantial failure by the: other: party to perform in: accordance with the terms of this: Agreement through no fault of the terminating party: 6.5. In the event that the Auditor merges with another company, becomes a subsidiary of, or makes any other substantial change in structure, the County reserves the right to terminate this.Agreement:in accordance with its terms under item 6.2. 6.6. In the event of termination of this Agreement; the Auditor agrees to provide. copies. of any and all documents: prepared by the. Auditor for the County in connection with this Agreement.. 7.: COMPENSATION. 7.1: The County shall pay to the Auditor a mutually agreed upon not -to -exceed :annual. . professional fee of $179,850 (One Hundred.and Seventy-nine. Thousand Eight Hundred_ and Fifty Dollars) for each year of the three-year term of this Agreement, payable as follows in each. calendar. year: October $40,000; November '$36,:000; December $40,000; January $36,000; February .$9,865; and $17,985 upon completion of the audit. If the contract is renewed for the additional 2 year period, the County shall pay to the Auditor $185,000 (One 3