O-2004-2796 - Laserfiche WebLink

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CONTRACT STATE OF TEXAS g g g KNOW ALL MEN BY THESE PRESENTS: This Contract made and entered into by and between the CITY OF LA PORTE, a municipal corporation of Harris County, Texas, hereinafter referred to as "LA PORTE' and the PORT OF HOUSTON AUTHORITY, a body politic of Harris County, Texas hereinafter referred to as "PORT", WITNESSETH: WHEREAS, PORT is in need of certain governmental services for the benefit of the people and property at its Barbour's Cut Terminal; and WHEREAS, LA PORTE is able and willing to provide said governmental services to PORT, upon the terms, conditions, and covenants herein contained; NOW, THEREFORE, in consideration of the mutual covenants, agreements, and benefits to both parties, it is hereby agreed as follows: 1. For and during the year beginning on the 1st day of January 2005, and ending on the 31 st day of December 2005, LA PORTE agrees to furnish to PORT, the secondary fire suppression services hereinafter more described. This Contract shall remain in effect after December 31, 2005 until canceled by either party hereto giving ninety (90) days written notice to the other party hereto. II. For and in consideration of the governmental services to be provided by LA PORTE, to PORT, PORT agrees to pay LA PORTE the monthly sum of TWO THOUSAND SEVEN HUNDRED TWENTY-FOUR AND 00/100 DOLLARS ($2,724.00). Such charges are to be paid in full by PORT to LA PORTE, on or before the tenth day of the month following the month in which such services were rendered. ANNUAL COST OF CONTRACT ADJUSTMENT - Beginning January 1, 2006 and in subsequent years thereafter, there shall be a cost of contract adjustment of the rates. The annual cost of contract adjustment shall be calculated by multiplying the previous annual rate by a factor of the larger of 2.5 percent (2.5%) or the Consumer Price Index-Urban (CPI-U) using December 2005 as the base. However, the annual rate increase shall not exceed five percent (5%).