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<br />2004, at anartnual rate of Fifty-Five Thousand and No/100 ($55,000.00) Dollars <br />for October 1, 2004 through September 20,2005, at an annual rate of Fifty-Five <br />Thousand and No/100 _ ($55,000.00) Dollars for October 1, 2005 through <br />September 30, 2006, at an annual rate of Fifty-Five Thousand and No/ 100 Dollars <br />($55,000.00) for each - budget year d commencing October 1, 2007, through <br />September 30,'2008. The City Manager may choose to extend this agreement for <br />an additional year at the mutual agreement of the parties. <br /> <br />IV. EFFECTIVE DATE, DURATION <br /> <br />This revised agreement shall be effective the 1st day of October 2005, and shall be <br />effective through September 2008, subject to renewal upon such terms as the <br />parties mutually agree. <br /> <br />V. TERMINATION <br /> <br />Either party hereto, at its discretion, may terminate this contract at any time upon <br />thirty (30) days' advance written notice to the other. In the event of such <br />termination, the CITY shall be oblig;::lted for costs incurred prior to the termination <br />notice. <br /> <br />VI. PRIORITY <br /> <br />BOOK shall not be prohibited from representing or providing 'the like services to <br />other persons and entities besides CITY, so. long as BOOK shall avoid any <br />representation or relation which would create a conflict of interest, as determined <br />by the City Attorney and City Manager, .' Further, BOOK shall not take on any <br />client or matter that would jeopardize BOOK's ability to devote time, resources and <br />effort necessary to fulfill to CITY hereunder. ' <br /> <br />VII. MALPRACTICE INSURANCE <br /> <br />BOOK shall carry lawyer's professional malpractice insurance or other form of <br />insurance, which shall provide coverage of not less than Five Hundred Thousand <br />and No/ 100 ($500,000.00) Dollars. <br /> <br />VIII. PROCESSING OF COSTS <br /> <br />BOOK shall be reimbursed by CITY for reasonable costs, including travel <br />expenses, telephone, copy fees, federal express and postage. Such costs shall not <br />exceed Three Thousand and No/100 ($3,000.00) Dollars on an annual basis for <br />calendar year 1998, and Five Thousand and No/ 100 ($5,000.00) each for calendar <br />years 1999 and 2000, and Seven Thousand Five Hundred and No/ 100 ($7,500~00) <br />Dollars for calendar years 2001-2006, and, Seven Thousand Five ~Hundred and <br />