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Agmt 2005 Redflex Traffic Systems Inc
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Agmt 2005 Redflex Traffic Systems Inc
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Last modified
8/6/2009 5:46:15 PM
Creation date
8/6/2009 11:18:33 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
9/13/2005
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PERM
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Reso 2005-127
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2005
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EXHIBIT "D" <br />COMPENSATION & PRICING <br />Commencing on the expiration of the Warning Period for each Designated Intersection <br />Approach, Customer shall be obligated to pay Redflex a fixed fee of $5,730 per month <br />for each Designated Intersection Approach ("Fixed Fee") as full remuneration for <br />performing all of the services contemplated in this Agreement. Notwithstanding the <br />foregoing, Customer may pay, in arrears, the Fixed Fee for the first ninety (90) days after <br />the expiration of the Warning Period to allow for collection by Customer of sufficient <br />Fines to pay the Fixed Fee. <br />Cost Neutrality <br />Cost neutrality is assured to Customer. The maximum compensation that Customer shall <br />be obligated to pay to Redflex each month is the Fixed Fee. Each month, Customer and <br />Redflex shall compare the aggregate revenue received from all Citations ("Revenue") to <br />the total amount invoiced by Redflex for the Fixed Fee ("Amount Invoiced") during the <br />previous month ("Cost Neutrality Review"). If the Amount Invoiced exceeds the <br />Revenue, then City shall only be obligated to pay the Revenue to Redflex and the <br />difference between the Revenue and the Amount Invoiced for that month will carry over <br />to the next month as a deficit ("Deficit Amount"). If, in the next following month, the <br />~~'~~ Revenue exceeds the Amount Invoiced, Customer shall pay the Amount Invoiced plus all <br />or any portion of the accumulated Deficit Amount to the extent that there is sufficient <br />Revenue to pay all or any portion of the Deficit Amount. <br />24 <br />
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