Res 2017-133/approving an agreement between the City and Credit Systems International, Inc. for the provision of debt collection services for an amount estimated at $20,000.00 for each year of the five year term of the agreement.

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12.1 Notices required under this Agreement will be provided by the parties to one another by certified mail, return receipt requested, or by email transmission,to the following addresses: To the City: To the Agency: Bert Lumbreras, City Manager Laura Emmons-Beam, Implementation Director City of San Marcos Credit Systems International, Inc. 630 E. Hopkins 1277 County Club Lane San Marcos, Texas 78666 Fort Worth, Texas 76112 CityManagerInfo(cr�sanmarcostx.gov Email: lbeam a,creditsystemsitnl.com ARTICLE 13 BASIS OF COMPENSATION 13.1 The City will compensate the Agency, in accordance with Article 4, Payments to the Agency, and the other terms and conditions of this Agreement, as follows: 13.2 Total compensation to be paid to the Agency for Basic Services as described in Section 2.1 is based strictly on collection recovery. However the City anticipates that this compensation will not exceed $20,000.00 in any given year. The Agency will receive as compensation for its satisfactory performance of Services, the commission amount(s) equal to the following contingency rates calculated at placement and based upon the age of the accounts as follows: Initial arrears letter No Charge Accounts that pay within the initial 15 days from arrears letter 18.9% Accounts referred at 180-360 days 18.9% Accounts referred older than 360 days 23.9% Secondary accounts recalled from previous agency 18.9% Charge for reporting to credit reporting agencies No Charge Skip Tracing No Charge Full commissions are earned and due to the Agency on all accounts that are in paying status at the time the request for cancellation is issued by the City. The Agency requires 30 calendar days to conclude the cancellation process which commences upon receipt of notification of cancellation. Full commissions are earned and payable to the Agency from the date of account placement on all payments applied to accounts placed with the Agency, whether payment is made directly to the Agency, reported as paid directly to the City or the amount is transferred to an active account. 13.3 Compensation for Additional Services, if necessary, will be based on the Agency's then current rates as negotiated with and approved by the City in accordance with Article 2 of this Agreement prior to the Agency executing any addition services on the City's behalf Each of the persons executing this Agreement represents that he or she has full power and Credit Systems International 20;7 13