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<br />e e <br /> <br />STATE OF TEXAS } <br /> <br />} <br />COUNTY OF HARRIS } <br /> <br />TAX COLLECTION AGREEMENT <br /> <br />THIS AGREEMENT for tax collection is entered into between the City of La Porte, Texas, a municipal <br />corporation, hereinafter called "La Porte", and the City of Morgans' Point, a municipal corporation, <br />hereinafter called "Morgans' Poinf', acting herein by and through their governing bodies; and it is hereby <br />agreed as follows: <br /> <br />I. GENERAL SCOPE OF SERVICE <br />La Porte hereby agrees to collect current ad valorem taxes and delinquent ad valorem taxes for Morgans' <br />Point through its tax collector and tax office, and to act as the collection agency for Morgans' Point, <br />performing all such duties related thereto. The services performed shall include, but not be limited to: <br />receiving infonnation from the Hams County Appraisal District (HCAD) for purposes of the Certified <br />Appraisal Roll and monthly changes thereto; providing tax roll and payment data to mortgage companies, <br />property owners and tax representatives; providing all necessary assessments of taxes and Truth in Taxation <br />calculations; and periodic remittance of payments received to Morgans' Point <br />II. BILLINGS <br />Lr.Porte will send billing notices to the Morgans' Poinfs accounts in accordance with applicable state laws. <br />La Porte will mail original bills on behalf of Morgans' Point in October followed by delinquent bills mailed in <br />- February and May. La Porte will take necessary steps to assure that billings are timely and accurate. Both La <br />Porte and Morgans' Point recognize the accuracy and timeliness of billings is dependent upon information <br />received from the HCAD. <br /> <br />III. REMITTANCE AND REFUND OF FUNDS <br />Funds collected by La Porte on behalf of Morgans' Point will be forwarded to Morgans' Point on a weekly <br />basis. <br />Refunds of previously paid funds caused by changes in the tax roll as reported by the HCAD will be made in <br />accordance with applicable state laWs. Refunds of previously paid funds will be offset against future funds <br />remitted. <br />Funds that have been remitted to Morgans' Poinfs as collected that later are deemed uncollected by La <br />Porte's bank will be offset against future funds remitted. The collection of such funds will be performed by <br />La Porte in the same manner La Porte follows to coIled similar funds it is due. <br />IV. REPORTS <br />