HomeMy WebLinkAboutResolution - 1929 - Agreement - Retail Merchants Association - Collection Services - 01_24_1985Resolution #1929
January 24, 1985
Agenda Item #29
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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 by and between the City of Lubbock and Retail Merchants
Association, 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 24th day o
ATTEST:net e Ra
y 5ecretar
APPROVED AS TO CONTENT:
Rob�asseng��, stant
City Manager
APPROVED AS TO FORM:
Mich6,,Ye Hart, Assistant City Attorney
f January , 1985.
A ENRY, MAY
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 Retail Merchants
Association, hereinafter called "Association;"
WITNESSETH:
WHEREAS, the City desires to increase collections of
insufficient funds checks; and
WHEREAS, the Association has the requisite expertise to
assist in increasing such collections; and
WHEREAS, the City desires to engage the Association to
collect insufficient funds checks upon the terms stated here-
after:
1. City agrees to deliver to Association checks returned
to us marked insufficient funds.
2. Association agrees to add a service charge of $15.00 to
each check and use all available means of collection.
3. Upon collection of a check, Association will remit to
City 100% of the face value of such check and a $3 rebate will, be
remitted by Association to City by the 10th of the following
month on each $15.00 service charge collected. Association will
bill City on regular monthly statements all service charges paid
directly to City.
4. Association shall not assign any interest in this
agreement and shall not transfer any interest in this agreement,
whatsoever, without prior consent of the City.
5. Association shall save and hold harmless the City from
all suits, actions or claims brought on account of any activities
engaged in by Association pursuant to this agreement.
6. Association agrees that it will comply with all laws
pertaining to collections of this nature, both federal and state.
7. This agreement may be extended or amended only upon
written agreement between the parties hereto.
8. The term of this agreement shall be for one year from
the date of execution hereof by all parties.
9. 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:
RETAIL MERCHANTS ASSOCIATION CITY OF LUBBOCK
902 Avenue J P.O. Box 2000
Lubbock, Texas 79401 Lubbock, Texas 79457
EXECUTED THIS o Ilil— DAY OF , 1985.
RETAIL MERC TS ASSOCIATION CITY UBB CK:
P"fesideht AVAN HEN , M R
ATTEST: '
cretar Ran. to Boyd,
City Secretary
APPROVED
/A}S� TO CONTENT:
/J � l�aau�4
Robert Massengalef,
Assistant City Manager
APPROVED AS TO FORM
Mic ele art,
�
Assistant City Attorney