7.3. EDSR 08-17-2020 - Laserfiche WebLink

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PROFESSIONAL SERVICES AGREEMENT BETWEEN: Economic Development Authority of the City of Elk River AND: The Milligan Studio LLC EFFECTIVE DATE: August 17, 2020 This Professional Services Agreement(this"Agreement")is made this 17 day of August,2020,by and between the Economic Development Authority of the City of Elk River, a public body corporate and politic under laws of the State of Minnesota,hereinafter referred to as the"EDA", and The Milligan Studio LLC, a Minnesota limited liability company,hereinafter referred to as the"Consultant": RECITALS A. The Consultant is engaged in the business of providing professional public art design, documentation, fabrication, and installation services. B. The EDA desires to engage the Consultant to provide the services described in this Agreement and the Consultant is willing to provide such services on the terms and conditions set forth herein. AGREEMENT 1. Services to be Provided. The Consultant agrees to provide the EDA with public art design, documentation, fabrication, and installation services as set forth in the Scope of Work proposal attached hereto as Exhibit A and/or any supplemental letter agreements entered into between the EDA and the Consultant (the "Work"). The services referenced in the attached Exhibit A or any supplemental letter agreements shall be incorporated into this Agreement by reference. All Work shall be provided in a manner consistent with the level of care and skill ordinarily exercised by professionals currently providing similar services. 2. Term for Completion. This Agreement shall remain in force and effect commencing from August 17, 2020 and continuing until the completion of the Work not later than June 30, 2021 in accordance with the timeline set forth in Exhibit A, unless terminated by the EDA or amended pursuant to this Agreement. 3. Consideration. The consideration,which the EDA shall pay to the Consultant, for both the Work performed by the Consultant and the expenses incurred by the Consultant in performing the Work, shall not exceed $20,000 in accordance with the budget set forth in Exhibit A. The EDA shall reimburse the Consultant 25%of upfront costs for materials upon execution of this Agreement and the balance shall be paid to the Consultant upon satisfactory completion and installation of the Work.] [The EDA shall make progress payments, based on invoices from Consultant. The EDA's payment shall be made within 30 days after Consultant's statement. Consultant's statement shall contain a detailed list of project labor and hours, rates, titles, and amounts undertaken by the Consultant during that billing period. EL185-13-668416.v2