2008-02-27 CC PACKET - Laserfiche WebLink

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V. In consideration of such assessment services, the Municipality will pay to -the .City Assessor quarterly payments (unless earlier terminated as herein provided) as follows; a) The first quarterly payment will be due on April 1, 2008, the second on July 1, 2008, the third on October 1, 2008 and the fourth on December 31, 2008. b) The parties understand that to accomplish the delivery of the tax year 2009 assessment on or before January 2, 2009 (the statutory due date), all work specific to the generation of that assessment must be done during the 2008 calendar year; the same will be true for subsequent tax year assessments, i.e. all work for the tax year 2010 assessment must be done in calendar year 2009, etc. VI. For tax year 2009 assessment, the Municipality will pay to the City Assessor as follows: a) Eight and 50/100 Dollars ($8.50) for each improved parcel of residential, seasonal recreational residential and agricultural type of property. b) Two and 50/100 ($2.50) for each unimproved parcel of residential, seasonal recreational residential, and agricultural type of property. c) Fifty-Five Dollars ($55.00) for each improved and unimproved parcel of commercial, industrial, and public utility type of property. d) Fifty Five Dollars ($55.00) for each improved and unimproved parcel of apartment or mobile/manufactured home park type of property. VII. The same procedure as rates will be followed in the frequency and computation of payments for assessment services for subsequent years (in calendar years 2009 & 2010, for the following tax year assessment in each case). VIII. The City Assessor will remit quarterly billings to the Municipality, detailing the number of parcels of each type of property assessed and charged to the Municipality, with a complete breakdown for that specific quarter. IX. Notwithstanding Section I above, the City Assessor and/or Municipality have the right to terminate this Agreement by providing six months written notice prior to the beginning of the assessment work for a tax year. Such notice to terminate must be sent by certified mail to the other party at the address set forth above. For example, to terminate effective as of the tax year 2010 assessment, the party must provide written notice of termination to the other party not later than July 16, 2008, the work on the tax year 20 I 0 assessment to commence on January 16, 2009, the anniversary date of this agreement). 2