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EXHIBTT B <br />PAYMENT SCHEDULE <br />City shall pay Contractor in accordance with the fee schedule below per vehicle service <br />hour. The revenue service hour is for the FLEX shuttle and Group trips is defined as Gate to <br />Gate, The Out of Town trips are paid at a per passenger rate as defined in exsibit `B". The total <br />contracted services shall not exceed the total sum ofTwo-Hundred and Two Thousand Dollars <br />($202,000) for services to be performed pursuant to this Agreement. Contractor shall submit <br />invoices, not more often than once a month during the term of this Agreement, based on the cost <br />for services performed prior to the invoice date. Invoices shall contain the following <br />information. <br />The beginning and ending dates of the billing period. <br />2. The CONTRACTOR will invoice the CITY on a monthly basis by the 15~' of the <br />month for all service provided in the previous month. The invoice will include a <br />summary of revenue hours operated and fare box revenue by fare type. All cash <br />fares collected will be retained by the CONTRACTOR and net from the monthly <br />charges. All ticket/coupons/vouchers collected will be forwarded to the CITY <br />with the monthly invoices. <br />City shall make monthly payments, based on such invoices, for services satisfactorily <br />performed. <br />The total sum stated above shall be the total which City shall pay for the services <br />to be rendered by Contractor pursuant to this Agreement. City shall not pay any additional sum <br />Exhibit B Page 1 of 3 <br />G:101iver~i'aratransitlFY 2004-0S~IvIV Contract FY 2004-05 <br />