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13 $157,748 Maintenance <br />14 $161,379 Maintenance <br />15 $165,101 Maintenance <br />Total $2,124,148 Note I -Includes an annual <br />$12,500 management fee <br />Article 3: Payment for Exhibit A-3 -Scope of Work -Measurement and Verification <br />3.1 Price: <br />As full consideration of the Services provided as described in Exhibit A-3 Scope of Work - <br />Measurement and Verification, the City shall pay to Siemens the total Contract Sum of <br />$239,086. <br />3.2 Services Term: <br />The initial or first Term of the Services (Year 1) shall commence on the Acceptance Date or, <br />if agreed by both Parties, to meet SLIP requirements, and shall have duration of 12 months. <br />Each consecutive Term shall be an Annual Period of 12 months. <br />3.3 Automatic Renewal: <br />The Measurement and Verification Term shall automatically renew for successive Annual <br />Periods beginning on the ending anniversary date of the initial or first Term as set forth in <br />Article 2.2, and each Annual Period thereafter. City may terminate or amend the Exhibit A-3 <br />Scope of Work -Measurement and Verification at the end of the initial term or at the end of <br />a renewal term by providing Siemens with at least 30 days prior written notice of such <br />amendments or intent not to renew. However, Siemens' Performance Guarantee is <br />dependent upon and is subject to the express condition that the City maintains the <br />Measurement and Verification plan during the entire Performance Guarantee. Each renewal <br />shall be and remain subject to the terms and conditions of this Agreement. <br />3.4 Payments: <br />The City agrees to pay invoices submitted by Siemens that meet the requirements of this <br />Agreement an Annual Contract Sum in accordance with Table B.3. <br />WPCP Cogeneration 090808 -Page 47 of 60 <br />