2021-185-E AMS-OTIS Elevator Company construction agreement

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DocuSign Envelope ID: E2377815-D922-4567-9lC8-D342867F1906 Overtime rate: $385 per hour per man. Add Units The Library elevator shall be added to this contract effective 11/01/22 at$170 per month. The West Campus elevator shall be added to this contract effective 11/01/22 at$170 per month Passmore Center lift shall be added to this contract effective 11/01/22 at$75 per month Cedar Grove Community Center lift shall be added to this contract effective 11/01/24 at$75 per month Fireman's Service Monthly Testiniz Otis shall conduct the monthly fireman's service test. Sealed PVC Warranty Otis Elevator Company has installed a polyvinyl chloride (PVC) sleeve around the underground cylinder of the following hydraulic elevator unit covered by the Contract to help protect the cylinder from corrosion. Machine numbers:Z54565 Whirled Passenger Elevator-Modernized January of 2020. For the initial term of your maintenance contract,starting on the last day of installation of the new hydraulic cylinder,but not to exceed(20)twenty years,provided that the unit has been continuously on Otis maintenance during that period of time, and the need for repair or replacement has been brought to Otis'attention,we agree to repair or replace,at no extra charge, if conditions warrant, the cylinder and the PVC sleeve. This warranty excludes damage due to improper use, misuse,neglect,work by others,and direct and consequential damages of any kind. This warranty is in lieu of all other warranties expressed or implied, including any warranty of merchantability or fitness for a particular purpose. CONTRACT PRICE AND TERM CONTRACT PRICE One thousand nine hundred forty-five dollars ($ 1,945.00 ) per month, payable Monthly PRICE ADJUSTMENT The Contract Price will be adjusted annually on the commencement date by the percentage increase or decrease in the straight time hourly labor cost under the IUEC contract then in effect. The term"straight time hourly labor cost"means the sum of the straight time hourly labor rate plus the hourly cost of fringe benefits paid to elevator examiners in the locality where the equipment is maintained. In addition,we may adjust the Contract Price as a result of any substantial changes in service expenses,including but not limited to expenses in connection with fuel,waste disposal,environmental requirements,cost of materials,changes to government regulations or other administrative costs. TERM The Commencement Date will be 08/01/2020. The Term of this Contract unless modified under the extended term below, will be for three (3)years beginning on the Commencement Date. The Contract will automatically be renewed on the third anniversary for an additional one (1) year unless terminated by either party by giving written notice to the other party at least ninety (90) days, but no more than 120 days prior to the end of the current three (3)year term. Thereafter, the Contract will automatically be renewed on each first anniversary for an additional one(1)year term unless terminated by either party by giving written notice to the other party at least ninety(90)days,but no more than 120 days prior to the end of the then current one(1)year term. In the event that you sell the building or your interest is terminated prior to the expiration of the Contract,you agree to assign the Contract to the new owner or successor and to cause the new owner to assume your obligations under this ©OTIS ELEVATOR COMPANY,2011 All Rights Reserved LiNX Form MNT-OM(01/30/13)Proposal#:A0I597 Page 7 of 10