2008-044-RES APPROVING AND AUTHORIZING THE EXECUTION OF A CONSULTING SERVICES AGREEMENT WITH J. STOWE & CO. FOR WATER RESOURCE AND COSTING CONSULTING SERVICES

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IV. Compensation and Method of Pavment The parties agree that Consultant shall be compensated for all services provided pursuant to this Agreement at the rate of $200/hour for Professional Consulting Services and $45.00/hour for administrative services. Provided, however, total compensation under this Agreement shall not exceed $25,000 without prior written authorization from the City Manager of the City of Paris, Texas. V. Information to be Provided bv the Citv The City agrees to furnish all that information requested by Consultant for performance of these services and which is available in City's files and records. VI. Insurance Consultant agrees to meet all insurance requirements set out below, and to require all sub-consultants who perform work for Consultant to meet these insurance requirements as well: Consultant shall maintain insurance with the following required coverages and limits, and upon request will provide insurance certificates to City: Worker's Compensation Employer's Liability Commercial General Liability Commercial Auto Liability Professional Liability Statutory U.S. $1,000,000 U.S. $1,000,000 per occurrence U.S. $1,000,000 aggregate U.S. $1,000,000 combined single limit U.S.$1,000,000 per claim and in the aggregate VII. Indemni Consultant shall release, defend, indemnify and hold City and its officers, agents and employees harmless from and against all damages, injuries (including death), claims, property damages (including loss of use), losses, demands, suits, judgments and costs, including reasonable attorney's fees and expenses, in any way arising out of, related to, or resulting from the services provided by Consultant and to the extent caused by the negligent act or omission or intentional wrongful act or omission of Consultant, its officers, agents, employees, subcontractors, licensees, invitees or any other third parties for whom Consultant is legally responsible (hereinafter "Claims"). Consultant is expressly required to defend City against all such Claims. In its sole discretion, City shall have the right to approve defense counsel to be retained by Consultant in fulfilling its obligation hereunder to defend and indemnify City, unless such right is expressly waived by City in writing. City reserves the right to provide a portion or all of its own defense; however, City is under no obligation to do so. CONSULTING SERVICES AGREEMENT PAGE 2 S:/Attomey/Contracts/2008/Jack Stowe Prof Services Draft (2)