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e e STATE OF TEXAS } } COUNTY OF HARRIS } TAX COLLECI'ION AGREEMENT l1ns AGREEMENT for tax collection is entered into between the City of La Porte, Texas, a municipal corporation, hereinafter called "City", and the La Porte Independent School District, hereinafter called "District", acting herein by and through their goveming bodies; and it is hereby agreed as follows: I. GENERAL SCOPE OF SERVICE The City hereby agrees to collect current ad valorem taxes and delinquent ad valorem taxes for the District through its tax collector and tax office, and to act as the collection agency for the district, performing all such duties related thereto. The services perfoaned shall include, but not be limited to: receiving information from the Harris County Appraisal District (HCAD) for pmposes of the Certified Appraisal Roll and monthly changes thereto; providing tax roll and payment data to mortgage companies, property owners and tax representatives; providing all necessary assessments of taxes and Truth in Taxation calculations; and periodic deposits of payments into Districts account II. BIT.T TNGS The City will send billing notices to the District's accounts in accordance with applicable state laws. The City will mail original bills on behalf of the District in October followed by delinquent bills mailed in February and May. The City will take necessary steps to assure that billings are timely and accurate. Both the City and the District recognize the accuracy and timeliness of billings is dependent upon information received from the HCAD. III. DEPOSIT AND REFUND OF FUNDS Funds collected by the City on behalf of the District will be made on a daily basis into an account specified by the District City assumes no responsibility for the funds once they have been deposited into the District's account. The District recognizes its responsibility for assuring its bank balances are fully collateralized ~ accordance with appropriate state laws. City will notify District of such deposit amounts via telephone or fax each day a deposit is made. Refunds of previously paid funds caused by changes in the tax roll as reported by the HCAD will be made in accordance with applicable state laws. Refunds of previously paid funds will be offset against future funds deposited. Funds that have been deposited in the District account as collected that later are deemed uncollected by the City's bank will be offset against future funds deposited. The City will perfoan the collection of such funds in the same manner the City follows to collect similar funds it is due.