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<br />, , <br /> <br />Thousand and No/100 ($50,000.00) Dollars through September 30, 2002, at an <br />annual rate of Fifty-Five Thousand and No/100 ($55,000.00) Dollars for October <br />1, 2002 through September 30, 2003, at an annual rate of Fifty-Five Thousand <br />and No/100 ($55,000.00) Dollars for October 1, 2003 through September 30, <br />2004, at an annual 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 commencing October 1, 2007 through <br />September 30, 2008, at an annual rate of Fifty-Five Thousand and No/ 100 Dollars <br />($55,000.00), for each budget year commencing October 1, 2008 through <br />September 30, 2009. 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 1 st day of October 2005, and shall be <br />effective through September 2009, 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 obligated 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 />