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<br />e <br /> <br />e <br /> <br />La Porte hereby agrees to accept as compensation and Morgans' Point hereby agrees to pay to La Porte as full <br />compensation, the sum of Three DollaJ:s and Eighty-five Cents ($3.85) for each separate assessed item on <br />Motgalls' Point certified roll, as reported by the HCAD on its first roll and includes both those accounts <br />certified and uncertifi.ed, for the 2000-01 Morgans' Point fiscal year. The compensation shall inaease each <br />year by twenty-five cents ($0.25) for each separate assessed item with a cap of. four dollars and thirty-five <br />cents ($4.35) in the third year of the contract.. La Porte shall invoice Morgans' Point, and Morgans' Point <br />shall pay La Porte by Febrwuy 28th for the. tax year just billed La Porte may retain all fees received for <br />issuance of tax certificates on Morgans' Point accounts, to compensate for the cost of the"issuance of such <br />tax certificates. <br /> <br />WITNESS OUR HANDS, this ~y of (~f" .2000. <br /> <br />City of La Porte <br /> <br />Br- ~~tf- Da~-,rFd() <br /> <br />~ <br />I1it11L,;f~bf <br />City ecretaty <br /> <br />'tL1-1oo <br />ate <br /> <br />. <br />.. <br /> <br /> <br />-- OcJ <br /> <br />A~ ~ <br />~~".Id ' <br />Ci s . , <br />ty i/ tary . <br /> <br />1--/ f). -l'l) <br />Date <br />