|
Agreement - Independent Auditing Services
<br />one party to the other arising out of any Services rendered, or for any act or event occurring prior to
<br />the termination, shall not be terminate d or released.
<br />6.3. In the event of termination by the County, the County's sole obligation to the Auditor shall be
<br />payment for those portions of satisfactorily completed work under this Agreement. Such payment
<br />shall be determined on the basis of the hours of work performed by the Auditor, or the percentage
<br />of work completed as estimated by the Auditor and agreed upon by the County up to the time of
<br />termination. In the event of such termination, the County may, without penalty or other obligation
<br />to the Auditor, elect to employ other persons to perform the same or similar services.
<br />6.4. The obligation to provide Services under this Agreement may be terminated by either party
<br />upon seven (7) days prior written notice in the event of substantial failure by the other parry to
<br />perform in accordance with the terms of this Agreement through no fault of the terminating party.
<br />6.5. In the event that the Auditor merges with another company, becomes a subsidiary of, or makes
<br />any other substantial change in structure, the County reserves the right to terminate this Agreement
<br />in accordance with its terms under item 6.2.
<br />6.6. In the event of termination of this Agreement, the Auditor agrees to provide copies of any and
<br />all documents prepared by the Auditor for the County in connection with this Agreement.
<br />6.7 Auditor certifies that it and those related entities of Auditor as defined by Florida law are not on
<br />the Scrutinized Companies that Boycott Israel List, created pursuant to S. 215.4725 of the Florida
<br />Statutes, and are not engaged in a boycott of Israel. In addition, if this agreement is for goods or
<br />services of one million dollars or more, Auditor certifies that it and those related entities of Auditor
<br />as defined by Florida law are not on the Scrutinized Companies with Activities in Sudan List or the
<br />Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List, created pursuant
<br />to Section 215.473 of the Florida Statutes and are not engaged in business operations in Cuba or
<br />Syria.
<br />County may terminate this Agreement if Auditor is found to have submitted a false certification as
<br />provided under section 287.135(5), Florida Statutes, been placed on the Scrutinized Companies with
<br />Activities in Sudan List or the Scrutinized Companies with Activities in the Iran Petroleum Energy
<br />Sector List, or been engaged in business operations in Cuba or Syria, as defined by section 287.135,
<br />Florida Statutes.
<br />County may terminate this Agreement if Auditor, including all wholly owned subsidiaries, majority-
<br />owned subsidiaries, and parent companies that exist for the purpose of making profit, is found to
<br />have been placed on the Scrutinized Companies that Boycott Israel List or is engaged in a boycott
<br />of Israel as set forth in section 215.4725, Florida Statutes.
<br />7. COMPENSATION.
<br />7.1. The County shall pay -to the Auditor a mutually agreed upon not -to -exceed annual professional
<br />fee for each year of the five-year term of this Agreement, payable as shown in the table below.
<br />Audit Year End
<br />Total Fee
<br />October
<br />November
<br />December
<br />January
<br />February
<br />Final (March)
<br />9/30/2025_
<br />$190,000
<br />$28,500
<br />$28,500
<br />$
<br />8,000
<br />$38,000
<br />$
<br />8,000
<br />$19,000
<br />O 2026
<br />$205,000
<br />$30,750
<br />$ 0, o
<br />$41,000
<br />$41,000
<br />$41,000
<br />$20,500
<br />9/30/2027
<br />$220,000
<br />$33,000
<br />$33,000
<br />$44,000
<br />$44,000
<br />$44,000
<br />$22,000
<br />9/30/2028
<br />$235,000
<br />$35,250
<br />$ ,2 0
<br />$47,000
<br />$47,000
<br />$47,000
<br />$23,500
<br />9/30/2029
<br />$2 0,000
<br />$ 00
<br />$37,500 1
<br />$
<br />0,000
<br />$ 0,000
<br />$
<br />0,000
<br />$25,000
<br />C
<br />
|