10A Action 2011 0418 Supplement - Laserfiche WebLink

Home

EXHIBIT "D" COMPENSATION & PRICING PHOTO RED LIGHT CAMERAS: Commencing on the execution of this agreement Customer shall be obligated to pay Redflex a fixed fee for each existing Designated Intersection Approach: Tier 1: Fixed Fee of $5,200 per month as full remuneration for the continued services at the following five approaches: Marina and Teagarden Halcyon/Floresta and Washington Washington/Halcyon/Floresta 14 Street and Fairmont 14 Street and Davis Tier 2: New Approaches (Optional): At the expiration of the Warning Period for each Designated Intersection Approach, Customer shall be obligated to pay Redflex a fixed fee of $6300.00 per month for each Designated Intersection Approach ( "Fixed Fee ") as full remuneration for performing all of the services contemplated in this Agreement. BUSINESS ASSUMPTIONS FOR ALL PRICING OPTIONS: 1. Redflex construction will be able to utilize existing conduit for installation where space is available. If it is determined that new conduit must be installed the cost of the installation of the same shall be borne by Redflex. 2. Each year, on the anniversary date of the contract, the pricing will increase by the CPI not to exceed 2% per year. CPI will be derived from the publication of the U.S. Department of Labor Consumer Price Index for U.S. City average. 3. Except where a balance remains unpaid due to a deficit in the gross cash received as described herein, Customer agrees to pay Redflex within thirty (30) days after the invoice is received. A monthly late fee of 1.5% is payable for amounts remaining unpaid 60 days from date of invoice. 4. The provision of all necessary communication, broadband and telephone services to the Designated Intersection Approaches will be the sole responsibility of the Customer. 5. The on -going provision of any and all necessary electrical power to the Designated Intersection Approaches will be the sole responsibility of the Customer 6. The Customer shall require any and all employees who may operate or occupy the Equipped Motor Vehicles to complete a mandatory training program to insure that (a) the Equipped Motor Vehicles are operated in a safe manner and (b) all warnings and instructions that accompany the Equipped Motor Vehicles are understood and heeded. 7. Customer shall be solely responsible for installing required signage. Customer shall be solely responsible for the fabrication of any signage, notices or other postings required pursuant to any law, rule or regulation of any Governmental Authority ( "Signage "), including but not limited to the Vehicle Code, and Customer shall assist in determining the placement of such 24