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<br />1. . Consider the promulgation of rules arid regulations pertaining to the use of <br /> <br /> <br />the public space in the Pill after receiving the Authority's advice and <br /> <br />assistance; <br /> <br />2. Provide for delinquent Assessments to bear interest and be .subject to the <br /> <br /> <br />penalties set forth in the Texas Tax Code; <br /> <br /> <br />3. Review and, if satisfactory, approve an annual report of delinquent <br /> <br /> <br />property Assessments and liens thereon to be filed in the Harris County <br /> <br /> <br />Clerk's office; and, <br /> <br />4. Upon the request of the Authority, the City will pursue the collection of <br />delinquent Assessments. <br />B. Special City Account. The City has established a separate Pill fund in the City <br />treasury into which Assessment Revenue shall be deposited (the "Special City Account"). <br />During the term of this Agreement, Assessment Revenue shall be paid only to the Authority as <br />. . herein provided; however, the City may retain a portion of the annual Assessment Revenues to <br />pay its actual cost of administering the Pill and performing its seryices under this Agreement; <br />such actual cost to be limited to the actual salary cost of the individuals performing the service <br />plus a reasonable overhead factor times the number of hours worked performing the service plus <br /> <br />any out-of-pocket expenses. <br /> <br />C. Limitation of Source of Payment. The City shall have no fmancial obligation to <br /> <br /> <br />the Authority other than as provided in this Agreement or in other agreements between the City <br /> <br />and the Authority. The City's obligation to the Authority under the Agreement is limited to the <br /> <br />Assessment Revenue collected by the City. This Agreement shall create no obligation on the <br /> <br />7 <br /> <br />HOU:2680299.1 <br />