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77 <br />compatible hardware configurations of the City. under <br />the terms of this contract, MSCI does not warrant the <br />r— feasibility of adapting the application software to <br />i <br />i hardware configurations other than the IBM System /36. <br />2. Ownership of the system's application software will be <br />retained by MSCI. The City may utilize the application <br />software in any way deemed necessary so long as the <br />application software is limited to the City's computer <br />system. Original source code and documentation is provided. <br />3. The Application Software shall consist of the following <br />Application: <br />Agenda Indexing $2,000.00 <br />4. For and in consideration of the services to be rendered by MSCI, <br />the City shall pay, and MSCI shall receive, compensation as <br />follows: <br />A. Application Software License Fee shall be due and payable <br />upon acknowledgement of said CONTRACT. <br />B. This CONTRACT shall be effective upon execution by the City <br />and MSCI. <br />C. Installation and training hours will be billed on an as <br />incurred basis at the rate of $50,00 per hour, <br />D. Travel and Per Diem expenses will be billed on an as incurred <br />basis, and held to a reasonable level not to exceed $100.00. <br />