1994-07-11 Regular Meeting - Laserfiche WebLink

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• Finds that have been deposited into the District account as collected that later are deemed uncollected by the City's bank will be offset against future funds deposited. The collection of such funds will be performed by the City in the same manner the City follows to collect similar funds it is due. IV. REPORTS The City will provide the District the following reports Periodic: Billing amounts created by the original roll or monthly updates from HCAD Weekly: Summary totals of the previous weeks collections/deposits Monthly: Summary totals of all monthly transactions with reconciliations to previously reported balances. Annual: Paid Tax Roll Delinquent Tax Roll The City will provide the District with any specialized reports the District might require, if requested in writing. City will provide said specialized reports for the District at a cost of $40.00 per hour spent compiling said specialized reports. V. AUDITS The City will provide to the District auditor necessary explanation for all reports and access to the District records kept and maintained by the City. In addition, if requested in writing by the District, City will provide audit schedules for the District at a cost of $40.00 per hour spent compiling said schedules. VI. COMPLIANCE WITH APPLICABLE STATUTES ORDINANCES. AND REGULATIONS In performing the services required under this Agreement, the City shall comply with all applicable federal and state statues, case law, opinions of the Texas State Attorney General, Court orders and Comptroller regulations. If such compliance is impossible for reasons beyond its control, the City shall immediately notify the District of that fact and the reasons therefor. VII. DELINQUENT COLLECTIONS The City will assess and collect the fifteen percent (15$) collection fee pursuant to Section 33.07 of the Property Tax Code, when permitted by law. The City will disburse the amount directly to the firm the District has contracted with for its Delinquent Tax Collections.