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Elk River Municipal Utilities Standard Agreement for Professional Services <br />“Termination Date”). Upon any such termination, Consultant shall be entitled to receive, and <br />Utilities shall be obligated to pay, all fees for services rendered by that date. <br />3. Payments to Consultant. <br />3.1 Fee Schedule for Services and Expenses of Consultant. The Fees for Professional <br />Services shall be as specified in Exhibit Aand shall comprise a one-time set up fee of $15,000 and <br />$10,000 per month + $0.0187 per kWh delivered for Utilities’ 2024 savings goal of 3,200,000 <br />kWh. <br /> <br />3.2 Times of Payments. Consultant shall submit monthly statements for Professional <br />Services rendered and for Reimbursable Expenses incurred. The statements will be based upon <br />Consultant’s estimate of the proportion of the total services actually completed at the time of <br />billing. Utilities shall make prompt monthly payments in response to Consultant’s monthly <br />statements. Consultant shall comply with Minnesota Statutes § 471.425. Consultant must pay <br />Subcontractor for all undisputed services provided by Subcontractor within ten days of <br />Consultant’s receipt of payment from Utilities. Consultant must pay interest of 1.5 percent per <br />month or any part of a month to Subcontractor on any undisputed amount not paid on time to <br />Subcontractor. The minimum monthly interest penalty payment for an unpaid balance of $100 or <br />more is $10. <br /> <br />3.3 Financial Records and Audits. Records pertinent to Consultant’s compensation <br />under this Agreement will be kept in accordance with generally accepted accounting principles. <br />Copies will be made available to Utilitiesat cost on request prior to final payment for Consultant’s <br />services, and shall be subject to inspection and audit by Utilities or state audit officials. Consultant <br />shall provide Utilities access to any books, documents, papers, and records which are directly <br />pertinent to the specific contract, for the purpose of making audit, examination, excerpts, and <br />transcriptions, for three years after final payments and all other pending matters related to this <br />contract are closed. <br /> <br />4. Ownership of Documents. All documents including Plans and Specifications <br />prepared or furnished by Consultant (and Consultant’s independent professional associates and <br />consultants) pursuant to this Agreement are instruments of service and Utilitieswill be provided <br />with original record drawing copies; however, such documents are not intended or represented to <br />be suitable for reuse by Utilities or others on extensions of any other project. Where the documents <br />exist in electronic format, they shall be provided to Utilities in that format, or converted to a format <br />determined by Utilities. Any reuse without written verification or adaptation by Consultant for <br />the specific purpose intended will be at Utilities’ sole risk. <br />5. Minnesota Government Data Practices Act. Consultant must comply with the <br />Minnesota Government Data Practices Act, Minnesota Statutes, Chapter 13, as it applies to (1) all <br />data provided by Utilitiespursuant to this Agreement, and (2) all data, created, collected, received, <br />stored, used, maintained, or disseminated by Consultant pursuant to this Agreement. Consultant <br />is subject to all the provisions of the Minnesota Government Data Practices Act, including but not <br />limited to the civil remedies of Minnesota Statutes § 13.08, as if it were a government entity. In <br />the event Consultant receives a request to release data, Consultant must immediately notify <br />228829v1 <br /> <br />