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<br />vv.... . I '-\lVV IIV'. I...... .... <br /> <br />e <br /> <br />e <br /> <br />offICer of the governing bo:.ud .of the oLhc:r party. After the expiration of the thJ'\.'C-~ term. the agn:emcnt <br />will automatically renew Oil a year to )lC'.lI' basis unless ~tcd p\1nuant to this provision. <br />IX COMPI!NSATI0N <br />1.a Potte hereby agrecs to accept a.~ compens3tion and Shorcacres hereby agrees to p-..y to La Porte :IS full <br />c01upensat.ion,me sum of Three Dollan and Eight)""five Cents ($3.85) for each separate assessed item on <br />Sho~s certified roll, as reponed by the HCAD on its fi~t roll ~ includes bo\h those accounts cenifu:d <br />and unccrtiC'~d, for the 2000-01 Shoreacres fIScal }'e1r. 'The compensation shall increase each ~ar by tw\:nt)"" <br />fM! CCt1tS ($0.25) for each separate assessed item with a c.'1p or four dollan and thirty-five cents ($4.)5) in the <br />lhitd ~ of the COntr.1Ct. La Pone shall invoice Shoreacn.'S, and Shoreacres shall pay La Porte by Fcbnwy <br />281h for. the tax )'C'Jr just billed. La Polte may retain all fees received {or issu:mce of taX ccrtiC"ICi11.CS on <br />Shomc:res accOWltS, to compensate for the cost of the issuance of such tax certificates. <br /> <br />WITNESS OUR HANDS, u.;, 11"- day of flfI.~Llf..-1 .2000. <br /> <br />Oty of La POltc <br /> <br />BY.J:t~A~~ <br /> <br />. yor NOJmUl Malone Date <br /> <br />^ T1'J:.&~: <br />~~./idttI <br />~ecmary <br /> <br />y /It/-I)d <br />Date <br /> <br /> <br />By. <br />