HomeMy WebLinkAboutResolution - 1542 - Agreement - AMC - Collections Services - 12_08_1983RESOLUTION 1542 - 12/8/83
DGV:cl
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock a Professional
Services Agreement between the City of Lubbock and Accounts Management
Corporation, attached herewith, which shall be spread upon the minutes of
the Council and as spread upon the minutes of this Council shall constitute
and be a part of this Resolution as if fully copied herein in detail.
Passed by the City Council this 8th day of December1983.
Z�Ze'_
ALAN HENRY, MAY R
ATTEST:
;�/
Evelyn a g , City tary
APPROVED AS TO CONTENT:
Robert Massengale, Ass' tant City Manager
APPROVED AS TO FORM:
ver, Assistant LIty Attorney
RESOLUTION 1542 - 12/8/83
� 3
F�rnw TQ.cAS ! c'p
a�V p DGV:cl
�} THE STATE OF TEXAS §
§ PROFESSIONAL SERVICES AGREEMENT
COUNTY OF LUBBOCK §
THIS AGREEMENT entered into this day by and between the City
of Lubbock, hereinafter called "City", and Accounts Management
Corporation, hereinafter called "Corporation;"
WITNESSETH:
WHEREAS, the City desires to increase collections of
delinquent paving assessments and delinquent cemetery accounts;
and
WHEREAS, the Corporation has the requisite expertise to
assist in increasing such collections and in advising the City in
ways to improve its internal collections processes; and
WHEREAS, the City desires to engage the Corporation to
conduct a pilot program with regard to delinquent paving assess-
ments and delinquent cemetery accounts upon the terms stated
hereafter:
DELINQUENT PAVING ASSESSMENTS
Corporation will establish a pilot program in which accounts
will be assigned to Corporation for collection at a date of last
payment age of eighteen (18) months, or when two contract
payments become due, even though a payment may have been made in
less than 18 months. Corporation will be paid for such services
on a contingency fee basis, as follows:
DATE OF LAST PAYMENT
18 months to 2 years
2 years to 2 1/2 years
2 1/2 years to 3 years
3 years and over
CONTINGENCY FEE
10% of amount collected
15% of amount collected
20% of amount collected
25% of amount collected
After initial assignment, all newer assessments will be handled
at a contingent fee of 10% of the amount collected.
II.
DELINQUENT CEMETERY ACCOUNTS
Corporation will assist the Parks Department in setting up
to handle receivables, including both types currently maintained
by the Parks Department and will set up a pilot collection
program for such receivables. Corporation will be paid for such
services on a contingency fee basis, as follows:
ORIGINAL PURCHASE DATE
19801s
1970's
1960's
Prior to 1960's
CONTINGENCY FEE
15% of amount collected
20% of amount collected
25% of amount collected
33 1/3% of amount collected
Corporation will be paid a set fee of $30.00 for each non -pay
account fully releasing the property back to the City for resale.
Such release shall be recorded by written instrument filed with
the City.
GENERAL PROVISIONS
1. Corporation shall keep full and complete records of its
progress under these pilot programs in a form agreeable to City,
which form shall be approved by City prior to commencement of
collection activities.
2. Corporation shall not assign any interest in this
agreement and shall not transfer any interest in this agreement,
whatsoever, without prior consent of the City.
3. Corporation shall save and hold harmless the City from
all suits, actions or claims brought on account of any activities
engaged in by Corporation pursuant to this agreement.
4. City shall assist Corporation by making available to
Corporation all records and date on file that will assist
Corporation in the discharge of its duties under this agreement.
5. Corporation agrees that it will comply with all laws
pertaining to collections of this nature, both federal and state.
6. This agreement may be extended or amended only upon
written agreement between the parties hereto.
7. The term of this agreement shall be for one year from
the date of execution hereof by all parties.
B. This agreement may be terminated by either party during
its course by delivery of 30 days written notice of intent to the
other party at the following addresses:
ACCOUNTS MANAGEMENT CORPORATION CITY OF LUBBOCK
6420 Richmond Ave., Suite 300 P.O. Box 2000
Houston, Texas 77057 Lubbock, Texas 79457
EXECUTED THIS 8th DAY OF December , 1983.
ACCOUNTS MANAGEMENT CORPORATION: CITY OF LUBBOCK:
P esident ALA ENRY, AY R
ATTEST: ATTEST:
Secretary
Evelyn Gaffga,
City Secretary
APPROVED AS TO CONTENT:
& - e M. ..' ci �
Robert Massengale Asst.
City Manager
APPROVED AS TO FORM:
z "I A
Don Van i , Asst.
City Attorney