Maximum Total Compensation. The maximum amount the City will pay Calpine for all professional fees, costs, charges, and expenses related to performing Basic Services and any Additional Services for the Initial Term is $ 5,783,800.00 (“Maximum Total Compensation”) for the Initial Term. In the event the City exercises its option to extend the term of this Agreement after the Initial Term as provided in Section 2.2, above, the compensation to Calpine will be adjusted by U.S. Bureau of Labor Statistics Consumer Price Index for the San Francisco Bay Area and the Maximum Total Compensation for the Agreement with any permitted extensions will be $ 15,683,800.00, but any extensions will be subject and conditioned upon City Council appropriation of funds.
Appears in 2 contracts
Sources: Professional Services Agreement, Professional Services Agreement