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3. Errors and Omission. The City shall provide errors and <br /> omissions insurance coverage for Contractor's work pursuant to <br /> City's existing errors and omissions policy, which provides <br /> coverage for parties working for the City pursuant to written <br /> contract. <br /> <br /> 4. Term. This agreement is effective as of or as soon <br /> thereafter as evidence of appropriate insurance coverage as <br /> required by this Agreement is provided to the satisfaction of the <br /> City Attorney and shall terminate November 1, 1987, unless an <br /> extension is agreed to by City and Contractor. <br /> <br /> 5. Compensation. For the services to be rendered <br /> hereunder, City shall pay Contractor at the rate Twenty-five and <br /> 00/100 Dollars ($25.00) per hour. This shall constitute the <br /> entire consideration to contractor. Payment shall be made to <br /> Contractor upon receipt of Contractor's invoice for work done <br /> through specified periods of time. <br /> <br /> 6. Contractor's Status. In the performance of the <br /> obligations set forth in this agreement, Contractor shall have <br /> the status of an independent contractor, and Contractor shall not <br /> be considered to be an employee of the City for any purpose <br /> whatsoever. Contractor will provide evidence of worker's <br /> compensation coverage or equivalent disability insurance to the <br /> satisfaction of the City Attorney for the Contractor. <br /> <br /> 7. Termination or Suspension for Convenience of City or <br />Contractor. After the effective date of this contract, the City <br />or Contractor may terminate or temporarily suspend this agreement <br />by mailing a notice in writing to the other party. Upon receipt, <br />no further work shall be performed by Contractor until or unless <br />notice of reinstatement is received. If the agreement is so <br />terminated or suspended, the Contractor shall be paid for the <br />time spent up to the time the notice is received. <br /> <br /> 8. Assignability. The Contractor shall not assign or <br />transfer any interest in this contract without the prior written <br />consent of the City thereto provided, however, that claims for <br />money due or to become due to the Contractor from the City under <br />this contract agreement may be assigned to a bank, trust company, <br />or other financial institution with such approval. Notice of any <br />said assignment or transfer shall be furnished promptly to the <br />City. <br /> <br /> CONTRACTOR <br /> <br />Petit b'. MacDbnald .v v--- I ~i~s R. ~alker <br />City Attorney ~anager <br /> Pursuant ~o Res. 85-265 <br /> <br /> - 2 - <br /> <br /> <br />