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<br />JUl-17-2000 MON 11:17 AM <br /> <br />FAX NO. <br /> <br />P. 03 <br /> <br />e <br /> <br />e <br /> <br />IV. REPORTS <br />I..a Porte will provide Shorcac:res the following reports: <br />Periodic: Billing amounLS creatcd by the ori!;in:zl roll Ot montlllyuptbte$ from HCAD. <br />Weekly. Summary totals of the previOU$ week's co1lections. <br />Monthly. Surnmatytotals of all monlhlytr.UlSactions with reconciliiltions to previously <br />reporeed balances. <br />Ann\lal: Paid Tax Roll <br />Delinquent T a.'t Roll <br />La Pone will provide ShoreacI'es with any specialized n:ports Shoreacres might .require, if requC'Sted in <br />writing. La Pone will provide said specialized n:pons for Shoreaaes at a cost of $40.00 per hour sp~t <br />compiling said speciali:r.cd repom. <br /> <br />V. AUDIT,S <br />loa Porte will provide to ShoICaCrCS il\lditor necess:uy explan:nion for all reports and access to Shore. teres <br />records kept and JQaintaincd by La Pone. In addition, if requested in writing by Shoreacres, La POlle will <br />provide audit schedules for ShoreacI'es at a cost of $40.00 per hour spent COlnpiling said schedules. <br />VI. COMPI..~JNCE WIl'H APPLICABL~ <br />s:r.~:rtJES. ORDINANCES. AN'{U~~EGULATIONS <br />In performins ule services required under this Agreement, 1.2 Porte shall comply with all applicable federal; <br />and state statues, case law, opinions of the Te~ State A1toJ11cy General, GJun orders and Comptroller <br />regul..,tions. If such CompJi.Ulce is iropO$sible Cor re.\SOl1S be~l1d its cont.rc.,L La Porte shall immediately <br />notify Sholetcres of that fact and the reasons therefore. <br />VII. X>~UNQUENT COLLECTIONS <br />La Pone sNll assess iUld coJlect the Fifteen pen:cm (15%) collection fee p1U)"UaIlt to Section 33.07 of the <br />Property Tax Code. when pexmitted by law. La Pone will disbune \he amount direaly to the rum Shon:ac:tcs <br />Iw contr.u:ted with for Delinquent Tax Collections. <br />La Potte aad Shoreacn::s cWTently utilize the ~ame rum as their individual Delinquent ColIccUon Attonley. <br />Upon expiration of the Attorneys contraCt, conUnu;mc;e with the finn or s(!lccuon of a new firm '-an be nw.L: <br />separately by the respective governing bodies of I..a Porte or Shorcac:res. <br />VIII. TERMS OF AGREF.MEm <br />This agreanmt shall be for a 1.Cnn of three (3) yean, COllUIClCmg on August I, 2000 and continuing through <br />July 31, 2003. Either pany may cancellhis agreement by providing 180 c.la}$ written notice to the presiding <br />