Common use of Collection of Assessments Clause in Contracts

Collection of Assessments. The Tax Assessor-Collector will collect the installments of the Assessments and remit the amount collected to City Depository Bank daily by electronic funds transfer, after deducting the amount due to the County as billing and collection fees, as provided in paragraph 10 below. City will provide the Tax Assessor-Collector with the instructions for making such daily remittances to City Depository Bank. The Tax Assessor-Collector and the County Attorney will also collect any delinquent installments of the Assessments, including filing suits for foreclosure of the lien securing the Assessments provided in Sec. 372.018 of the PID Act. All of the terms of Sec. 372.018 of the PID Act and all of the provisions of the Texas Tax Code with respect to payment, refunds, delinquency, penalties and interest, waiver of penalties and interest, costs and expenses of collection, attorney’s fees, personal liability, installment payment of delinquent amounts, suits, lien foreclosure, limitation of collection, redemption, and other matters related to the collection of property taxes will also apply to the collection of the installments of the Assessments, except that the provisions of Texas Tax Code Sec. 32.06 on property tax loans and the transfer of tax liens, and Secs. 33.045, 33.06, and 33.065 on the deferral of collection of property taxes on certain residential homesteads will not apply. Billing and collection of the installments of Assessments on property for which a tax lien has been transferred to a transferee or that is subject to such deferral of collection of taxes will remain the responsibility of City, as provided in paragraphs 2.3 and 2.4 above. Any partial collection of delinquent taxes and delinquent installments of Assessments will be divided pro rata among the entities imposing the taxes and the Assessments without preferring one entity over another. During the term of this Agreement, only the Tax Assessor-Collector will collect the installments of the Assessments. If any payments are received by City or its Administrator for amounts billed by the Tax Assessor-Collector, they will be remitted by City to the Tax Assessor-Collector. City will notify the Tax Assessor-Collector if any Assessment is prepaid to City, in full or in part.

Collection of Assessments. The Tax Assessor-Collector will collect the installments of the Assessments and remit the amount collected to City the City’s Depository Bank daily by electronic funds transfer, after deducting the amount due to the County as billing and collection fees, as provided in paragraph 10 below. The City will provide the Tax Assessor-Collector with the instructions for making such daily remittances to City the City’s Depository Bank. The Tax Assessor-Collector and the County Attorney will also collect any delinquent installments of the Assessments, including filing suits for foreclosure of the lien securing the Assessments provided in Sec. 372.018 of the PID Act. All of the terms of Sec. 372.018 of the PID Act and all of the provisions of the Texas Tax Code with respect to payment, refunds, delinquency, penalties and interest, waiver of penalties and interest, costs and expenses of collection, attorney’s fees, personal liability, installment payment of delinquent amounts, suits, lien foreclosure, limitation of collection, redemption, and other matters related to the collection of property taxes will also apply to the collection of the installments of the Assessments, except that the provisions of Texas Tax Code Sec. 32.06 on property tax loans and the transfer of tax liens, and Secs. 33.045, 33.06, and 33.065 on the deferral of collection of property taxes on certain residential homesteads will not apply. Billing and collection of the installments of Assessments on property for which a tax lien has been transferred to a transferee or that is subject to such deferral of collection of taxes will remain the responsibility of the City, as provided in paragraphs 2.3 and 2.4 above. Any partial collection of delinquent taxes and delinquent installments of Assessments will be divided pro rata among the entities imposing the taxes and the Assessments without preferring one entity over another. During the term of this Agreement, only the Tax Assessor-Collector will collect the installments of the Assessments. If any payments are received by City or its Administrator for amounts billed by the Tax Assessor-Collector, they will be remitted by City to the Tax Assessor-Collector. City will notify the Tax Assessor-Collector if any Assessment is prepaid to City, in full or in part.and