A. Term
The term of this agreement shall be for period commencing October 1, 1018 and extending through September 30, 2021, unless breached at an earlier date.
B. Extension of this agreement
This agreement may be extended for one (1) additional three (3) year term if Contractor notifies the City in writing of its intention to renew no later than January 31 in the last year of the first extension of the Contract. Either the City of the Contractor may request modifications to the agreement if such an extension is requested.
C. Commencement of work by contractor
The Contractor must commence work on the date and year specified in paragraph A. Failure to commence work on the specified date will result in forfeiture of the $500,000 performance bond.
