Common use of Billing and Collection; Payment to the Green Bank Clause in Contracts

Billing and Collection; Payment to the Green Bank. (1) The Municipality shall xxxx the benefit assessments in the same manner and at the same time as it bills its real property taxes. The benefit assessment payments shall be a separate clearly defined line item or separate xxxx and shall be due on the same dates as the Municipality’s real property taxes. The amount of the benefit assessment will be recorded on the Municipality’s tax rolls in the same manner as any other benefit assessment, such that the public will have access to its existence and payment status. The penalties and interest on delinquent benefit assessments shall be charged in the same manner and rate as the Municipality charges for delinquent real property taxes. (2) Payments of the benefit assessments collected by the Municipality shall be segregated from all other funds of the Municipality and deposited in a separate account for the benefit of the Green Bank and identifying the Green Bank as the beneficial owner. The Municipality disclaims any ownership interest or other interests in such account or the amount collected. (3) The Municipality shall pay all amounts collected with respect to the benefit assessments within any calendar month to the Green Bank or its assignee no later than thirty days after the month that the amounts are collected. The Municipality will provide collection reports to the Green Bank, and the Green Bank, at its own expense, shall have the right to audit the records relating to the benefit assessments upon reasonable notice at reasonable times. The Green Bank and Municipality agree to provide each other with such reasonable information as they may request and the Green Bank and the Municipality agree to provide such information in a computer format satisfactory to the other.

Billing and Collection; Payment to the Green Bank. (1) The Municipality shall xxxx the benefit assessments in the same manner and at the same time as it bills its real property taxes. The benefit assessment payments shall be a separate clearly defined line item or separate xxxx and shall be due on the same dates as the Municipality’s real property taxes. The amount of the benefit assessment will be recorded on the Municipality’s tax rolls in the same manner as any other benefit assessment, such that the public will have access to its existence and payment status. The penalties and interest on delinquent benefit assessments shall be charged in the same manner and rate as the Municipality charges for delinquent real property taxes. (2) Payments of the benefit assessments collected by the Municipality shall be segregated from all other funds of the Municipality and deposited in a separate account for the benefit of the Green Bank and identifying the Green Bank as the beneficial owner. The Municipality disclaims any ownership interest or other interests in such account or the amount collectedcollected to the extent such amount exceeds any collection or annual fee owed by the Green Bank to the MunicipalityTown under subsection 3(f) of this Agreement. The MunicipalityTown may, with prior written notice to the Green Bank, withdrawremove any outstanding collection or annual fee owed to it from the funds in such account in the event that the Green Bank does not remain current on its collection or annual fee payments to the MunicipalityTown. (3) The Municipality shall pay all amounts collected with respect to the benefit assessments within any calendar month to the Green Bank or its assignee no later than thirty days after the month that the amounts are collected. The Municipality will provide collection reports to the Green Bank, and the Green Bank, at its own expense, shall have the right to audit the records relating to the benefit assessments upon reasonable notice at reasonable times. The Green Bank and Municipality agree to provide each other with such reasonable information as they may request and the Green Bank and the Municipality agree to provide such information in a computer format satisfactory to the other.

Billing and Collection; Payment to the Green Bank. (1) The Municipality shall xxxx the benefit assessments in the same manner and at the same time as it bills its real property taxes. The benefit assessment payments shall be a separate clearly defined line item or separate xxxx and shall be due on the same dates as the Municipality’s real property taxes. The amount of the benefit assessment will be recorded on the Municipality’s tax rolls in the same manner as any other benefit assessment, such that the public will have access to its existence and payment status. The penalties and interest on delinquent benefit assessments shall be charged in the same manner and rate as the Municipality charges for delinquent real property taxes. (2) Payments of the benefit assessments collected by the Municipality shall be segregated from all other funds of the Municipality and deposited in a separate account for the benefit of the Green Bank and identifying the Green Bank as the beneficial owner. The Municipality disclaims any ownership interest or other interests in such account or the amount collectedcollected to the extent such amount exceeds any collection or annual fee owed by the Green Bank to the Municipality under subsection 3(f) of this Agreement. The Municipality may, with prior written notice to the Green Bank, withdraw any outstanding collection or annual fee owed to it from the funds in such account in the event that the Green Bank does not remain current on its collection or annual fee payments to the Municipality. (3) The Municipality shall pay all amounts collected with respect to the benefit assessments within any calendar month to the Green Bank or its assignee no later than thirty days after the month that the amounts are collected. The Municipality will provide collection reports to the Green Bank, and the Green Bank, at its own expense, shall have the right to audit the records relating to the benefit assessments upon reasonable notice at reasonable times. The Green Bank and Municipality agree to provide each other with such reasonable information as they may request and the Green Bank and the Municipality agree to provide such information in a computer format satisfactory to the other.