Professional Services Agreement - Creative Financial Staffing LLC - Water Works Financial Assistance

Home Browse Search

AGREEMENT FOR PROFESSIONAL SERVICES BY AND BETWEEN THE CITY OF SOUTH BEND, INDIANA AND CREATIVE FINANCIAL SERVICES, LLC (Water Works Department) THIS AGREEMENT is made effective the 4" day of December, 2017 by and between the City of South Bend, Indiana, a municipal corporation organized and operating under the laws of the State of Indiana, acting by and through its Board of Public Works ("City") and Creative Financial Services, LLC, a Foreign Limited Liability Company licensed to conduct business in the State of Indiana and having its principal place of business at One International Place, 161" Floor, Boston, Massachusetts, 02110, and having a local business office at 330 East Jefferson Boulevard, South Bend, Indiana 46601 ("Contractor'). For and in consideration of the mutual covenants and promises contained herein, the City and Contractor hereby agree as follows: Section 1. Duties of the Contractor. The Contractor shall provide the Services which are more particularly described at Exhibit "A"attached hereto and incorporated herein. The Contractor shall execute its responsibilities by following and applying at all times the highest professional and technical guidelines and standards. Section 2. Consideration. The Contractor shall be paid an hourly rate of Forty-two and 501100 Dollars ($42.50) per hour. The total consideration under this Agreement shall not exceed the sum of Fourteen Thousand Any payment City may deny or withhold or delay shall not be subject to penalty the or interest u der ndianaaCode 5-17-5. Section 3. Term and Renewal. This Agreement shall be effective for a period of approximately 60 days commencing on December 6, 2017 ('Effective Date") and shall end on 3 ("Expiration Date"). The Parties may mutually agree in writing to extend the term of this Agreement for an additional period of time after the Expiration Date, subject to the same terms and conditions set forth in this Agreement unless otherwise mutually agreed by the Parties in writing. Section 4. Assignment; Successors. The Contractor shall not assign or subcontract the whole or any part of this Agreement without the prior written consent of the City. Section 5. Changes in Scope of Services. The Contractor understands and agrees that it shall not commence any additional work or change the scope of the Services provided Contractor in the absence of prior written approval of the Parties. unless authorized in writing by the City. No claim for additional compensation shall be made by