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<br />ORIGINAL <br /> <br />AGREEMENT FOR COMPENSATION <br />TO COUNTY OF SAN MATEO FOR COLLECTION <br />OF SPECIAL TAX CHARGES <br /> <br />THIS AGREEMENT, is entered into this 23 day of June, 2009, by and between the <br />COUNTY OF SAN MATEO, hereinafter called "County," and CITY OF REDWOOD CITY <br /> <br />W!IN ~S.S.~IH: <br /> <br />WHEREAS, as a service to cities and special districts, the County collects certain <br />special taxes through the countywide property tax bill and, in exchange for collecting such <br />special taxes, the County is compensated pursuant to agreements with each of the affected <br />cities and special distrkts; and <br /> <br />WHEREAS, such compensation agreement were initially executed by and between the <br />County and CITY OF REDWOOD CITY in or about the Fiscal Year 1980-81 (the "Initial <br />Agreement") and the compensation rates therein were not revisited until the Fiscal Year <br />2003-04 when the initial agreement was amended (the "2003 Amended Agreement"); and <br /> <br />WHEREAS, on or about March 27, 2009, the County notified the CITY OF <br />REDWOOD CITY of its desire to update the compensation rates set forth in the 2003 <br />Amended Agreement and to enter into a new agreement which would reflect such updated <br />compensation rates; <br /> <br />NOW, THEREFORE, IT IS HEREBY AGREED BY THE PARTIES HERETO <br />AS FOLLOWS: <br /> <br />1. Term~ Renewal~ and Termination <br />This Agreement shall be in full force and effect for the billing and collection of special tax <br />charges by the County for ani on behalf of CITY OF REDWOOD CITY for a period of one (1) <br />year commencing July 1,2009. <br /> <br />This Agreement shall automatically renew containing the same terms and conditions for Fiscal <br />Year 2010-11 and subsequent fiscal years thereafter unless either party notifies the other party <br />in writing at least ninety (90) days prior to the close of the fiscal year of its intention not to <br />renew. The parties anticipate entering into an amendment of the Agreement prior to tre Fiscal <br />Year 2010-11 in order to include provisions to automatically adjust the compensation schedule <br />set forth in Section 4 each year. <br /> <br />2. Determination of Special Tax Charees <br />No later than August 1 st of each fiscal year that this Agreement remains i1 effect, CITY OF <br />REDWOOD CITY shall provide a complete list of its special tax charges that are to be <br />included in the County's annual tax billing to the County of San Mateo's Controller's Office. <br /> <br />- 1 - <br />