O-2000-2417 - Laserfiche WebLink

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e e This agreement shall be for a tean of three (3) years, commencing on August 1, 2000 and continuing through July 31, 2003. Either party may cancel this agreement by providing 180 days written notice to the presiding officer of the governing board of the other party. After the expiration of the three-year tean, the agreement will automatically renew on a year to year basis unless teaninated pursuant to this provision. IX. COMPENSATION The City hereby agrees to accept as compensation and the District hereby agrees to pay to the City as full compensation, the sum of Three Dollars and Eighty-five Cents ($3.85) for each separate assessed item on the Districts certified roll, as reported by the HCAD on its first roll and includes both those accounts certified and uncertified, for the 2000-01 District fiscal year. . The compensation shall increase each year by twenty-five cents ($0.25) for each separate assessed item with a cap of four dollars and thirty-five cents ($4.35) in the third year (2002-03 fiscal year) of the contract City shall invoice District, and District shall pay City by Febmary 28th for the tax year just billed. City may retain all fees received for issuance of such District tax accounts, to compensate for the cost of the issuance of such tax: certificates. WITNESS OUR HANDS, this 13tbtayof June .2000. ~~~~ Mr. Gordon Westmoreland, President Board of Trustees Mrs. Henrietta Allen, Secretary Board of Trustees --f~~~ 'fYldlik-lIattd Mayor Norman Malone, City of La Porte Mrs. Martha Gillette, City Secretary