Agmt02 San Mateo, County of Library JPA to 2006

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to continue for fiscal years 2000-01 and 2001-02 the same method of determining the amount of the annual contribution; and WHEREAS, the JPA Agreement indicates the JPA's intent to continue to support the Fair Oaks Library in recognition that it serves residents of the Fair Oaks unincorporated areas; NOW, THEREFORE, IT IS HEREBY AGREED: 1. PAYMENT OF OPERATING COSTS. In consideration of the City's continuing to assume responsibility for operation of the Fair Oaks Library, the Library JPA will contribute funding to the operation of the Fair Oaks Library, as follows. For the base year of 2001-02, under the terms of the expiring Agreement, the JPA has paid $142,456. For FY 2002-03 through FY 2004- 05, the based contribution shall be increased or decreased each fiscal year at the same percentage rate as the change in the JPA's property tax revenue from the previous year. Said contributions shalt be made from the JPA to the City on a quarterly basis. 2. TERM. The term of this Agreement shall commence upon the execution of this Agreement by all parties and continue in effect through fiscal year 2004-05. 3. TERMINATION. This Agreement may be terminated for any reason by either party prior to the end of its initial term as set forth in paragraph 2 above, with one year written notice to the other party. However, in the event that the JPA is terminated or the County withdraws from the JPA prior to the expiration of this Agreement, this Agreement shall be deemed immediately terminated. 4. NOTICES. Any notice, demand, request, consent, approval, waiver, or communication that any party desires or is required to give to another party or any other person shall be in writing and either served personally or sent by prepaid mail, and if given by mail shall be deemed sufficiently given when sent by registered or certified mail. Any notice, demand, request, consent, approval, waiver, or communication that any party desires or is required to give by mail to another party shall be addressed to the other parties at the addresses set forth below. Any party may change its address by notifying the other parties of the change of address. Notice shall be deemed communicated within 48 hours from the time of mailing if mailed as provided by this Section.