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4. Time and Manner of Pa mY ents.Upon receipt of a properly invoiced payment request,the City <br /> shall pay the amount due less any amounts allowed to be retained or withheld by the City under <br /> this Agreement within 60 days of receipt of the invoice. <br /> 5. Release of Claims. Upon satisfactory completion of the work performed hereunder and prior to <br /> final payment under this Agreement,and as a condition precedent thereto,the Consultant shall <br /> execute and deliver to the City's Representative a release of all claims against the City arising <br /> under or by virtue of this Agreement. <br /> 6. Local Government Prompt Payment Act.The Consultant and City hereby expressly acknowledge <br /> and agree that the Local Government Prompt Payment Act does not apply to this Agreement. <br /> D. PAYMENT UPON TERMINTATION. In the event of termination by City under Section IV.E upon <br /> the completion of any phase of the Basic Services,progress payments due to the Consultant for <br /> services rendered through such phase shall constitute total payment for such services. In the event of <br /> such termination by City during any phase of the Basic Services,Consultant also will be reimbursed <br /> for the charges of independent professional associates and consultants employed by Consultant to <br /> render Basic Services,and paid for services rendered during that phase on the basis of Consultant's <br /> Direct Labor Costs times a factor defined in Section V.A.of this Agreement for services rendered <br /> during that phase to date of termination by Consultant's principals and employees engaged directly on <br /> the Project. In the event of any such termination,Consultant will be paid for all unpaid Additional <br /> Services rendered to date and unpaid Reimbursable Expenses that may have accrued to date. <br /> This Agreement is made between the City and the Consultant entered into on the last date written below. <br /> In witness,the parties have executed this Agreement. <br /> DATED this n�^/ day of L ,2021 <br /> �J THE CITY OF DECATUR ILLINOIS <br /> By: A) <br /> Mayor <br /> City Jerk <br /> CONSULTANT <br /> lore, ,760kfi * ,4rtt T 1 <br /> By. Joseph f Goustm Asst Tres{Aug 9,)02112:10 CDT) <br /> Assistant Treasurer <br /> Last Revised:06/03/2021 <br />