1992-01-27 Public Hearing and Regular Meeting

Browse Search

Schedule of Billing and P ents The City agrees to pay for services rendered and expenses incurred within 30 days after the dates of statements for such fees and expenses. Amounts unpaid after 90 days shall bear interest until paid at the rate of 10% per annum. It is contemplated that statements will be rendered on a monthly basis in order to avoid undue enlargement of the account, although statements may be rendered less frequently. The statements of S&R are relatively self-explanatory, in that they describe generally the work done from time to time and the relevant dates. S&R has not required a deposit in connection with this engagement, but reserves the right to request one. Should S&R request a deposit, it will be held in the trust account of S&R and, in its sole discretion, applied to the City's last billing or any unpaid account. Payment of this deposit would not be a substitute for current payment of invoices; the deposit, if required, would merely be security for the payment obligation. If the deposit is required, interest will not be paid thereon. Cash Outlays The City authorizes S&R to retain and agrees to pay the fees or charges of every other person or entity engaged by S&R to perform services related to the Representation Matters. Such other persons and entities may include, for example, court reporters, appraisers, real estate agents, escrow agents, accountants, investigators, expert witnesses, title examiners and surveyors. The City authorizes S&R, in our discretion, to direct such other persons and companies to render statements for services rendered and expenses advanced either directly to City or to S&R, in which latter event the City agrees promptly to reimburse S&R for the full payment of such statements. The City acknowledges that S&R may incur various expenses in providing services to the City. The City agrees to reimburse S&R for all out-of-pocket expenses paid by S&R, or for special services incurred on behalf of the City or, if the City is billed directly for these expenses, to make prompt, direct payments to the originators of the bills. Such expenses include, but are not limited to, charges for serving and filing papers, courier or messenger services, recording and certifying documents, depositions, transcripts, investigations, witnesses, long-distance communication, copying m~.terials, overtime secretarial and clerical assistance, travel and food expenses, postage, word processing charges and computer research charges. Termination of Representation S&R reserves the right to withdraw from the Representation Matters at any time with or without cause, including without limitation any time fees or expenses are unpaid for more than 60 days from the date of invoice, or for any other reason permitted under Texas law or by the rules of the courts of the State of Texas, and the City reserves the right to terminate the representation at any time, with or without cause. Notice of termination by either party shall be given in writing to the other party. In the event of such termination, -2-