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§ /V 01 Agreement for the Collection of Special Assessments
COUNTY OF TARRANT §
Agreement made this—Lday of 2010, by and between the Tarrant County Tax Assessor/Collector,
hereinafter referred to as"ASSESSOR/C ELECTOR,"and Tarrant County,hereinafter referred to as the"COUNTY,"both
of whom are addressed at 100 East Weatherford Street,Fort Worth,Texas 76196-0301,and the City of Fort Worth,hereinafter
referred to as"CITY OF FORT WORTH,"whose address is 1000 Throckmorton Street,Fort Worth,Texas 76102.
PURPOSE OF AGREEMENT
The purpose of this Agreement is to state the terms and conditions under which the ASSESSOR/COLLECTOR will provide
assessment and collection services of special assessments levied by the CITY OF FORT WORTH,in accordance with Chapter
372 of the Texas Local Government Code(the"Assessments").
NOW THEREFORE,in consideration of the mutual promises herein contained,the parties hereto agree as follows:
L
SERVICES TO BE PERFORMED
The ASSESSOR/COLLECTOR agrees to bill and collect the assessments due and owing on property upon which the CITY OF
FORT WORTH has imposed said assessments. The ASSESSOR/COLLECTOR shall perform the said services in the same
manner and fashion as Tarrant County collects its own taxes due and owing on taxable property. The services performed are as
follows: receiving the Certified Appraisal Roll from the appropriate Appraisal District and monthly changes thereto;providing
mortgage companies, property owners and tax representatives assessment roll and payment data; providing all necessary
Assessments and Truth in Taxation calculations as required; the transmittal of assessment statements via the U.S. Mail or
electronic transfer of data; and payment processing. All CITY OF FORT WORTH disbursements, made by check or by
electronic transfer(ACH), for collected tax accounts will be made to the CITY OF FORT WORTH on the day the COUNTY
Depository Bank indicates the mandatory assigned"float"period has elapsed and the funds are posted to the collected balance.
If any daily collection total is less than one hundred dollars($100.00),the disbursement may be withheld until the cumulative
total of taxes collected for the CITY OF FORT WORTH equals at least one hundred dollars ($100.00), or at the close of the
month.
II.
REPORTS
The ASSESSOR/COLLECTOR will provide the CITY OF FORT WORTH the following reports,if requested:
Daily: General Ledger Distribution Report
Weekly: Detail Collection Report(Summary)
Monthly: Assessment Roll Summary(Totals Only)
Year-to-Date Summary Report
Detail Collection Report(Summary)
Distribution Report(Summary)
Delinquent Tax Attorney Tape
Annual: Paid Assessment Roll
Delinquent Assessment Roll
Current Assessment Roll
A selection of the above listed Reports will only be available by internet access. The ASSESSOR/COLLECTOR will provide
the CITY OF FORT WORTH the General Ledger Revenue&Expense Report monthly as required by Sec. 3 1.10 of the Texas
Property Tax Code.
OFFICIAL RECORD
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