The agreement between Ace Accounting and EANGUS expires on 31 December 2023. Ms. Williams has provided a renewal proposal for the Executive Council to review. The extended term of the Agreement shall commence on January 1, 2024 and end on December 31, 2024, with an automatic renewal for a further term of twelve (12) months and an automatic 3% (three percent) annual increase in the Support Fee, as noted in Section VIII.C. of the Agreement between EANGUS and Ace Accounting Solutions LLC.
Fees for Association Support Services: In consideration for AAS’ provision of the Association Support Services, EANGUS shall pay AAS a monthly Support Fee in the amount of $4,738 (four thousand seven hundred thirty-eight dollars).