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<br />3. SERVICES TO BE PERFORMED <br />I) LCAD agrees to prepare and timely mail all tax statements; provide monthly <br /> <br />collection report to CITY; prepare tax certificates; develop and maintain current and <br /> <br /> <br />delinquent tax rolls for CITY; and develop and maintain such other records and forms as <br /> <br /> <br />are necessary or required by Law or State rules and regulations. LCAD agrees to make <br /> <br /> <br />available to the CITY full information about the operation of LCAD and to promptly <br /> <br /> <br />furnish written reports reasonably necessary to keep the CITY advised of all financial <br /> <br /> <br />information affecting it. <br /> <br /> <br />2) CITY agrees to promptly notify LCAD of the adoption of any exemption <br /> <br /> <br />not automatically imposed by the Law. Further, CITY will promptly notify LCAD of the <br /> <br /> <br />adoption of any other provision under Law which would affect the assessment or collection <br /> <br /> <br />of taxes for CITY. <br /> <br /> <br />3) The parties agree that the LCAD shall adopt CITY policy of not allowing <br /> <br /> <br />a discount for early tax payment or the split payment of taxes. The parties further agree, <br /> <br /> <br />and CITY expressly approves that the Chief Appraiser, in his capacity as tax collector for <br /> <br /> <br />CITY, may adopt a policy of accepting partial payments of ad valorem taxes. Such policy <br /> <br /> <br />shall include a provision to accept payment of taxes imposed on a property by a taxing unit <br /> <br /> <br />separate from taxes imposed on that property by any other taxing unit that contracts with <br /> <br />LCAD for collection services. Such policy shall also include a provision to accept partial <br /> <br />payments of property taxes under the following conditions; (I) the property taxes are <br /> <br />delinquent; (2) the property owner can prove financial inability to pay the taxes in full; and <br /> <br />(3) the property owner enters into a payment agreement with LCAD. <br /> <br />CONTRACT FOR ASSESSMENT AND COLLECI'JON SERVICE. Pase 2 <br />