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� � � 2 <br /> PROFESSIONAL SERVICE CONTRACT <br /> Between <br /> The City of Decatur, Illinois <br /> And <br /> Signature Development&Consulting Group <br /> WHEREAS, The City of Decatur, Illinois, a municipal corporation(hereinafter referred to as City <br /> or "Client") is a Tripartite partner in the 2002 HOPE VI Implementation Grant for the Wabash <br /> Crossing (the "GranY') for the development utilizing the mixed-finance approach to public <br /> housing development(the"ProjecY'); and <br /> WHEREAS, CITY and The Signature Development & Consulting Group, (hereinafter referred to <br /> as "Signature" desire to enter into an agreement (hereinafter referred to as "Contract") under , <br /> which SIGNATURE shall provide services as set forth hereinafter; and <br /> WHEREAS, it is the objective of the parties to this Contract to ensure that the services provided <br /> by Signature are obtained in an effective, systematic and professional manner that is consistent <br /> with CITY needs. <br /> In consideration of the foregoing, and the mutual promises contained herein, CITY and Signature <br /> agree as follows: <br /> I. SERVICES TO BE PROVIDED BY THE SIGNATURE DEVELOPMENT & <br /> CONSULTING GROUP <br /> Signature shall provide the consulting services to CITY detailed in this Contract (See Appendix <br /> n. All services shall be performed in an effective systematic and professional manner. All <br /> services shall be performed in accordance with the Scope of Services attached hereto as Appendix <br /> I. Additional services as may be required shall be agreed to by mutual written agreement of both <br /> parties. <br /> II. PERIOD OF PERFORMANCE <br /> The term of this Contract will commence on the effective date of this Contract and continue until <br /> the obligations of SIGNATURE are satisfactory completed with respect to the Scope of Services. <br /> Any changes to the period of performance may be accomplished only through mutual written <br /> agreement to this Contract by both parties. Time is of the essence in this Contract. <br /> III. COMPENSATION <br /> A. As consideration for satisfactorily performing the scope of services set forth in <br /> Article I of this Contract, CITY shall pay to Signature the amount of$5000.00 <br /> monthly`on-call' retainer fees for general consulting services,PLUS $165.00 per <br /> hour for all work consisting of deliverables and including representation of the <br /> CITY in tripartite negotiations, inclusive of all reimbursable expenses due <br />