R2023-13 Resolution Authorizing an Intergovernmental Agreement between the City of Decatur and Decatur Public School District #61 Regarding High School Student Use and Transit Fares

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3. District Obligations. District agrees to pay to the City the sum of Ten Thousand Dollars ($10,000) as a pro-rated amount for the initial term of this Agreement and pay to the City the sum of Thirty-Five Thousand Dollars ($35,000)for the term beginning July 1,2023 and ending June 30, 2024. For each successive term thereafter, the amount due shall be increased by 2.5%or by the annual percentage change of the U.S. Department of Labor Midwest Urban Consumer Price Index for each corresponding July 1 to June 30 time period beginning July 1, 2024 whichever is greater. 4. City Obligations. The City shall permit the District's high school students with a current valid District ID to use the transit system at all times the transit system is in operation without payment by the individual high school student so long as the current valid District ID is presented while using the transit system. 5. Term. This Agreement shall initially be for the period beginning March 1, 2023 and terminating June 30,2023 and shall thereafter automatically renew for successive annual terms of July 1 to June 30 under the terms set forth in this Agreement until and unless terminated as provided in this Agreement. 6. Time of Payment. Payment to the City of the amount due under the initial term of this Agreement shall be due and payable by the District no later than April 15, 2023. Payment to the City of the amounts due under the successive terms of this Agreement shall be paid in two installments with 50% of the amount being due by the District no later than August 15 and the final payment being due by the District no later than April 15 of each year. 7. Severability. If any provisions or subpart of this Agreement is held to be invalid by any tribunal of competent jurisdiction, such part shall be deemed automatically adjusted, if possible. If not, the provision shall be deemed severed from the Agreement, and all other provisions and subparts shall remain in full force and effect. 8. Entire Agreement. This Agreement constitutes the entire agreement between the parties relating to the formation of an Intergovernmental Agreement between the City of Decatur and the District. Any representations promises or statements not set forth in this Agreement are of no force and effect and have not been relied upon. 9. Amendment. This Agreement may only be amended by a written instrument signed by each party hereto. 10. Notice. Any written notices required by this Agreement shall be delivered to each party via first class mail at the following address: City of Decatur Decatur Public School District 61 Attn: City Manager Attn: Superintendent #1 Gary K. Anderson Plaza 101 W. Cerro Gordo Street Decatur, IL 62523 Decatur, IL 62523