Laserfiche WebLink
City of <br />Elk -�- <br />River <br />Standard Agreement for Professional Services <br />THIS AGREEMENT ("Agreement") is made this 2nd day of March, 2020, between the City of Elk River, <br />Minnesota ("City'), whose business address is 13065 Orono Parkway, Elk River, MN 55330 and Front <br />Burner Sports and Entertainment ("Consultant") whose business address 513 Greenview Drive, <br />Chanhassen, MN 55317, registered as a Limited Liability Company in the State of Minnesota. <br />Preliminary Statement <br />The City has adopted a policy regarding the selection and hiring of consultants to provide a variety of <br />professional services for City projects. That policy requires that persons, firms, or corporations providing <br />such services enter into written agreements with the City. The purpose of this Agreement is to set forth the <br />terms and conditions for the professional services Consultant will provide in connection with Naming <br />Rights, herein referred to as the "Work." <br />The City and Consultant agree as follows: <br />1. Work. The Consultant agrees to provide the professional services described in Exhibit "A" attached <br />hereto (the "Work"). <br />2. Time for Performance of Services. The Consultant shall perform the services described in Exhibit <br />A according to the following schedule: <br />Phase I: Four months duration beginning March 3, 2020. <br />Phase II: Beginning after Phase I is completed through December 31, 2021. <br />4. <br />Compensation for Services. City agrees to pay the Consultant the following for each phase: <br />Phase One: $6,000 per month not to exceed $24,000. No itemized expenses. <br />Phase Two: $3,000 per month plus a 10% Commission on the lifetime value of sold sponsorship <br />programs with the total compensation for Phase Two (monthly fee plus commission) not to exceed <br />$135,000. No itemized expenses. <br />Any changes in the scope of the Work which may result in additional compensation due to the <br />Consultant shall require prior written approval by an authorized representative of the City or by the <br />City Council. The City will not pay additional compensation for services that do not have prior <br />written authorization. <br />5. The City agrees to provide the Consultant with the information required to complete the Work. <br />Method of Payment. The Consultant shall submit itemized bills for professional services <br />performed under this Agreement on a monthly basis. Bills submitted shall be paid in the same <br />manner as other claims made to the City. <br />Standard Agreement for Professional Services <br />