2000-07-10 Regular Meeting - Laserfiche WebLink

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• • This agreement shall be for a bean 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 term, the agreement will automatically renew on a year to year basis unless terminated 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 fiill 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-O1 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 Febnaary 28~ for the tax year just billed. City may retain all bees received for issuance of such District tax accounts, to compensate for the cost of the issuance of such tax certificates. WITNESS OUR HANDS, this 13thiay of .tune .2000. i Mr. Gordon Westmoreland, President Mrs. Henrietta Allen, Secretary Board of Trustees Board of Trustees ~~ ~ LGt17]~•~/~~~ Mayor Norman Malone, City of La Porte Mrs. Martha Gillette, City Secretary