R2002-59 AUTHORIZING THE EXECUTION OF AN AGREEMENT

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713.2 An initial payment as set forth in Paragraph 8.i is the 7.4,� Records of Reimbursable Expenses and expenses minimum payment under this Agreemeni. pertaining to services performed on the basis of a multiple of D'ueci Personnel Expense shall be available to the Owner or the 7.4 ARCHITECT'S ACCOUNTING RECORDS Owner's authorized represeniative at mutually convenieni times. ARTICLE 8 BASIS OF COMPENSATION The Owner shall compensate the Atchitect as follows: 8.1 AN INITIAL PAYMENT OF Dollars (g ) shall be made upon execution of this Agreement and credited to the Owner's account at final payment. 8.2 COMPENSATION FOR THE ARCHITECT'S SERVICES, as described in Article i,Architeci's Services,shall be computed as follows: (Insert basis of compensation,induding stipulated sums multiples or percentages,and identify the services to whlch particular methods of compensation apply,if necessary.) Services rendered bv princinals and employees shall be compensated as provided in Exhibit B Hourly Rate Schedule attached to this aareement Compensation for the Architect's services shall not exceed $15 000 00 8.3 FOR REIMBURSABLE EXPENSES, as described in Ariicle 7, and any other items included in Article 9 as Reimbursable Expenses, a multiple of one ( 1_0 ) times the expenses incurred by the Architect, the Architeci's employees and consultants in the interest of the Project. 8.4 Payments are due and payable th� ( 30 ) days hom the date of the Architect's invoice. Amounts unpaid fo -five (45 ) days after the invoice date shall bear interest at the rate eniered below,or in the absence thereof,at the legal rate prevailing hom time to time ai the principal place of business of the Architect. (Insert rate ofinterest agreed upon.f 8.0 percent APR. (Usurylaws and requirements under the Federa/Truth in Lending Act,sitnilar state and local consumer ctedi't laws and other regulations at the Owner's and Architect's I principa/places of bus/ness,t6e/ocation of the Project and elsewhere may affect the va/idity of th/s provr'sion. Spec/6c legal advice should be obtalned with respect to delelions o�modi6cations,and also regarding otherrequirements such as wtitten disclosures or waivers.) 8.5 IF THE SCOPE of ihe Project or of ihe Architect's services is changed materially, ihe amounts of compensation shall be equitably adjusted. ARTICLE 9 OTHER CONDITIONS This Agreement entered into as of the day and year first wriiten above. OWNER ARCHITECT �`.� . (Signature (Signature) Lawrence R. Liverqood,AIA Terr - . Howley, Ma o Manaqinq Partner (Pnnted name and tii e (Pnnted name and ttde) ATTES'P: ,l / ,% , � � . ' , �� -� �e ' ' oZ �'�'��it Clerlc O 1 88 - THE AMERICAN INSTITUTE Of ARCHITEC S, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D. ., 20006- 2. AIA D CUMENT 6727 - OWNER-ARCHITECT AGREEMENT - 1988 EDITION -AIA� -WARNING: Unlicensed photocopying violates U.S. copyright laws and will subject the violator to legal prosecution. This document was electronically produced with permission of the AIA and can be reproduced in accordance with your license without violation until the date of expiration as noted below. expiration as noted below. User pocument: 2886c-6727mast.aia -- 3/26/2002.AIA License Number 1001048,which expires on 10/31/2002. Electronic Format 6727-1988 4