08-26-2013 Council Work Session Packet

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llem#09-CC Agenda-07�'?3/2012 �� Henneptn C'ounry Assessing Contrac![Page 8 of l2� � I apply to the assessment for the calendar year next following the current calendar year. Any , such notification shall specifically set forth the amount of any new construction and new parcel appraisal charges. Notwithstanding any provisions herein to the contrary, 'rf any such increase, exclusive of any charge for the es#imated costs of new construction and new parcel appraisals, exceeds seven and one half percent (7,5%) of the amount charged for tha assessment for the then current calendar year, exclusive of any charge for the estimated costs of new construction and new parcel appraisals, the CITY may cancel this Agreement by giving to the COUNTY written notice thereof, provided that said cancellation notice must be received by the COUNTY nat later than July 24 of the then current calendar year and said cancellatian shall be effective no earlisr than five (5} days after the receipt of said notice by the COUNTY and not later than Ju1y 31 of said next calendar year. Supportive records of the cost increase will be open to inspection by the CITY at such times as are mutually agreed upon by the COUNTY and CITY. Failure of the COUNTY to givs the CITY a price-change notice by June 15 shall not preclude the COUN7Y from giving CITY such notice after said date but prior to September 1 of any year, provided tha#if such price increase exceeds said ten (10°/o) - all as above set forth - the CITY may cancel #his Agreement ii the COUNTY receives notice thereof not later than thirty-nine (39) days from the date of receipt by the CITY of any said late price-change notice, provided further that any such cancellation shafl be effective not earlier than five {5)days after COUNTY's receipt of said cancellation notice and not later than forty-six (46) days after the C17Y's receipt of any said price-increase notice. Payment for each assessment shall be made in the following manner: Approximately one-half(1/2) of the cost of an assessment (the amount payable being ��)