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<br />12/30/1937 11:45 <br /> <br />2052330574 <br /> <br />C HAYLES <br /> <br />PAGE E13 <br /> <br />($20,000.00) Dollars, for the t1rstyear, Twenty-Five Thousand and No/I 00 ($:~S,OOO_ aO) Dollars for <br /> <br />the second year and Forty Thousand and NollOO ($40,000.00) Dollars for thf~ third year, payable <br /> <br />in equal monthly installments on or before the 2SU' day of each month ofthe term h;:reof. <br /> <br />IV. EFFRCfIVE DATE. DURATION <br />This Agreement shall be effective the ~ day of J annary, 19S'8, and shall be for a.n <br /> <br />initial term oftbree (3) years and shall be subject to renewal upon such terms a:: the puties mutually <br /> <br />agree. <br /> <br />v. TERMlNA nON <br /> <br />Either party hereto, at its discretion, may terminate this contract at any time, upon <br /> <br />thirty (30) days advance written notice to the other. In the event of such termi!nation, the City shall <br /> <br />only be obligated for costs incurred prior to the termination notice. <br /> <br />VI.. PRIORITY <br /> <br />BOOK s,ball not be prohibited from representing or providing the liie services to <br /> <br />oth.et persons and entities beside CITY. so long B8 BOOK shall avoid any rqm:&mtatJ.on or relation <br /> <br />which would create a conflict of interest, as determined by the City Attomel' and City :Manager, <br /> <br />Further, BOOK shall not take on any diem or matter which wouldjeopardiz:, BOOK'S ability to <br /> <br />devote the time, resources and effort necessary to fulfill his obligations to CITY hereunder. <br /> <br />va MA' .PRACTICE INSURANCE <br /> <br />.BOOK shall carry lawyer's professional malpractice insurar.'~e or other form, of <br /> <br />insurance, which shall provide coverage of not less than Fiver Hundred Tho'.Jsand ($500.000,00) <br /> <br />Dollars. <br /> <br />BOOK. t <br />