02-08-21 Regular Meeting of the La Porte City Council

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VIII. IT IS FURTHER AGREED BETWEEN BOTH PARTIES that this Contract will be automatically renewed on a year-to-year basis unless written notice of termination is given by either party at least thirty (30) days before the end of the primary term or any renewal term thereof or unless another contract is signed by the PARTIES. Changes in the scope of work and/or fees may be made annually by addendum to this contract signed by both PARTIES. IX. IT IS FURTHER DISTINCTLY UNDERSTOOD AND AGREED by both parties hereto, that if any word, phrase, sentence, paragraph, or provision of this contract shall be for any reason declared or adjudicated to be invalid, such declaration or adjudication shall not affect the remaining portion thereof. X. FOR AND IN CONSIDERATION of the skilled services, technical knowledge, and experience of SECOND PARTY in performance of the obligations devolving upon such PARTY hereunder; and in consideration of the information given and assistance furnished by SECOND PARTY to the City in the undertaking to calculate Industrial District Taxes and "in-lieu of taxes" payments for each calendar year covered by this contract beginning with the year 2021, and the preparation and handling of the Industrial Agreements, including, but not limited to the re-negotiation of the contract with industry prior to its expiration; FIRST PARTY agrees and obligates itself to compensate SECOND PARTY by payment to SECOND PARTY, of the sum of FIFTY-THREE THOUSAND AND NINETY-FIVE DOLLARS & 50/100 ($53,095.50) for each calendar year of 2021, 2022 2023 & 2024 as covered under this contract as set out herein starting with the year 2021. XI. 4