1994-113-RES WHEREAS, the City of Paris has need for tax assessment and collection services and the LAMAR COUNTY

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6. REFUNDS LCAD shall provide periodic reports of all refunds issued on behalf of CITY. CITY herein expressly grants LCAD authority to designate an "auditor" for the purpose of functions described under Section 31.11, Texas Property Tax Code and authorize LCAD to make refunds in amounts not to exceed $500.00. CITY shall retain authority to approve refunds in amounts that exceed $500.00. 7. PAYMENTS I) CITY shall make payments to LCAD for the performance of the services specified herein in accordance with EXHIBIT" A " attached hereto. Payment, for all years this contract remains in effect, shall be made in four equal payments to be made at the end of each calendar quarter, and the first payment shall be made before the first day of the fiscal year in which the budget takes effect. 2) In the event that payments received in anyone year exceed the actual cost of providing services pursuant to this contract, LCAD shall either reimburse CITY or credit future payments to be made by CITY to the extent of excess funds. 3) Reimbursements or credits shall be distributed in the same pro rata share as payments were made in the year in which payments exceed actual costs. 4) The parties agree that other taxing units may contract with LCAD for tax collection services. The parties further agree that costs shall be allocated to participating taxing units on a per current collection account basis. 5) Should CITY fail to adopt its tax rate by August 31st of the tax year or if CITY's adopted tax rate is rolled back, any additional costs that may be incurred by LCAD shall be strictly accounted for by LCAD and shall be payable by CITY upon CONTRACT FOR ASSESSMENT AND COLLECTION SERVICE - Pase 4