WS - C - Law Enforcement Assessment - Final Exhibits

PAYMENT 20. The City agrees to pay the County the following amounts over the term of this Agreement for the services agreed upon above. A monthly invoice will be submitted for services rendered. a. FY 2020/2021 – The total annual contract sum shall not exceed $1,315,423. b. FY 2021/2022 – The total annual contract sum shall not exceed $1,366,998. c. FY 2022/2023 – The total annual contract sum shall not exceed $1,420,748. d. FY 2023/2024 – The total annual contract sum shall not exceed $1,476,800. e. FY 2024/2025 – The total annual contract sum shall not exceed $1,535,232. f. FY 2025/2026 – The total annual contract sum shall not exceed $1,596,191. g. FY 2026/2027 – The total annual contract sum shall not exceed $1,659,785. h. FY 2027/2028 – The total annual contract sum shall not exceed $1,726,148. i. FY 2028/2029 – The total annual contract sum shall not exceed $1,795,414. j. FY 2029/2030 – The total annual contract sum shall not exceed $1,867,730. Attached as Exhibit A is a ten year budget that is the basis of the calculation of the above contract figures. PERIOD OF AGREEMENT 21. This Agreement shall become effective upon signing by both parties and shall remain in effect until June 30, 2030. 22. The Sheriff or City may terminate this Agreement at any time, with or without cause, by providing written notice to the other party not less than one hundred eighty (180) days prior to the termination date. The effective date of termination will occur one hundred eighty (180) days following written notice or upon another termination date agreed to by the parties in writing. 23. Upon execution of each party to this Agreement, this Agreement shall be electronically filed by the County with the Secretary of State pursuant to Iowa Code §28E.8. City of Grimes By: ________________________________ Scott Mikkelsen Date: _____________________________ Chairperson – Polk County Board of Supervisors By: ________________________________ Matt McCoy Date: _____________________________ Polk County Auditor ATTEST: By: ________________________________ Jamie Fitzgerald Date: _____________________________ Rochelle Williams, Grimes City Clerk