10.5 Lake Shore Wastewater Services

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January 1 of each year, by the amount of three percent (3%) or the change in the CPI-U(NSA)from June of the previous year to June of the current year,whichever is greater. 8.2. Lake Shore shall pay Pequot Lakes at the rate of $70.00 per staff hour for any additional services (the "additional services") provided by Pequot Lakes' employees that are authorized in writing by Lake Shore. 8.3. Lake Shore shall pay all other charges,expenses, costs and fees incurred by Pequot Lakes pursuant to this Agreement on a monthly basis, payments due within thirty (30) days of Pequot Lakes submitting an invoice to Lake Shore. 8.4. Any late payments by Lake Shore under this Agreement shall include a late payment fee of eight percent(8%) of the applicable invoiced amount. 9. MISCELLANEOUS 9.1. Voluntary and Knowing Action. The Parties,by executing this Agreement, state that they have carefully read this Agreement and understand fully the contents thereof;that in executing this Agreement they voluntarily accept all terms described in this Agreement without duress, coercion,undue influence,or otherwise,and that they intend to be legally bound thereby. 9.2. Authorized Signatures. The Parties each represent and warrant to the other that: (1) the persons signing this Agreement are authorized signatories for the entities represented;and(2)no further approvals,actions,or ratifications are needed for the full enforceability of this Agreement against it; each Party indemnifies and holds the other harmless against any breach of the foregoing representation and warranty. 9.3. Pre-Approved Expenditure Limit. Employee may expend up to $1,000.00 per occurrence on behalf of Lake Shore without Lake Shore City Council's authorization. 9.4. Sub-Contractors. Pequot Lakes shall not subcontract any of the services, which Pequot Lakes is to provide without the express written approval of Lake Shore. Pequot Lakes shall be responsible for the performance of all subcontractors and/or sub-consultants. As required by Minn. Stat. § 471.425, Pequot Lakes must pay all subcontractors, less any retainage, within ten (10) calendar days of Pequot Lake's receipt of payment from Lake Shore for undisputed services provided by the subcontractor(s) and must pay interest at the rate of one and one-half percent per month or any part of a month to the subcontractor(s)on any undisputed amount not paid on time to the subcontractor(s). 9.5. Independent Contractor. Pequot Lakes is expressly forbidden to act for Lake Shore in any other capacity or to represent itself in any manner as an agent of Lake Shore, except under the terms hereof. During the term of this 7