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<br /> <br /> City of Orono, Minnesota <br /> <br />EXHIBIT C <br />COMPENSATION SCHEDULE <br />In return for the services scheduled in Exhibit A and rendered in Exhibit B, the Owner agrees to compensate SEH D|B in <br />accordance with the following schedule of payments. The first payment shall be invoiced upon completion of the work tasks <br />identified in 2020. <br /> <br />Each additional annual payment shall be invoiced on the anniversary date of the 1st year’s work completion. <br /> <br />The Project will be invoiced as per the selected contract term and payment option selected below. The owner shall indicate <br />their preferred contract term and payment options by initialing the appropriate box below. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Long-term maintenance contracts do not require payment and/or performance bonds. The prices identified above do not include the acquisition costs for these bonds. <br /> <br /> Five-Year Extension <br />Payment Options <br />Ten-Year Extension <br />Payment Options <br /> <br /> Variable <br />Payment Plan <br />Equal Annual <br />Payment Plan <br />Variable <br />Payment Plan <br />Equal Annual <br />Payment Plan <br />2020 $4,200 $18,450 $4,200 $21,500 <br />2021 $4,200 $18,450 $4,200 $21,500 <br />2022 $4,200 $18,450 $4,200 $21,500 <br />2023 $4,200 $18,450 $4,200 $21,500 <br />2024 $75,450 $18,450 $75,450 $21,500 <br />2025 N/A N/A $5,250 $21,500 <br />2026 N/A N/A $5,250 $21,500 <br />2027 N/A N/A $5,250 $21,500 <br />2028 N/A N/A $5,250 $21,500 <br />2029 N/A N/A $101,750 $21,500 <br />Totals: $92,250 $92,250 $215,000 $215,000