Res 2018-183/approving an Assessment and Collection Agreement between the City and Hays County relating to the Trace Public Improvement District and the collection of assessments

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such notice remit such additional amount to County, which shall forthwith make the refund. The District designates the Tax Assessor -Collector of County as its auditor for the sole purpose of approving refunds as required by Section 31.11 of the Property Tax Code up to the amount of $2,500.00 per account. All refund requests in excess of $2,500.00 per account shall be sent to the District by County for approval by its governing body. County shall send such refund request within seven days of processing and the District shall have such refunds approved and the requested returned to County for payment within thirty (30) days of receipt. The monthly report of collections forwarded from County to the District shall also report all funds paid out. County shall pay all refunds due within sixty (60) days after due. Failure of County or the District to act within any time stated in this provision, which results in the accrual of interest due on any refunds, shall obligate the one failing to act timely to pay such accrued interest. If both parties fail to meet deadlines each shall pay '/2 of the accrued interest. XII. PAYMENT FOR ASSESSMENT AND COLLECTION SERVICES The District agrees to pay County a fee for performing the assessment and collections services described above. The fee for assessment and collections services furnished to the District shall be $0.15 (15 cents) for each parcel on the District's assessment roll which lies within Hays County and $0.85 (85 cents) for each parcel on the District's assessment roll which lies outside Hays County. County shall bill the District annually on April I" for this fee, which the District shall pay within 30 days of receipt of bill. The District agrees to bear all printing expenses associated with the adoption of its assessment roll rate each year. All revenue received from the sale of tax certificates by County shall be retained by County as revenue to be applied against its assessment and collections expense budget for the year in which it is received. XIII. TERMINATION This Contract may be tenninated by County or by the District effective on September 30 of any year upon proper notice to the other party. In order for notice to be effective it must be received by the other party not later than the first day of July preceding the September 30 effective date. The parties may in writing agree at any time to any other termination procedure which is mutually acceptable. XIV. NONLIABILITY FOR FAILURE TO COLLECT County shall not be liable to the District for any failure to collect any tax, penalty or interest under any provision of this Contract. IN WITNESS WHEREOF, these presents are executed by the authority of the governing bodies of the respective parties hereto on the date first shown above. 132