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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