2022-017 - Contract with MBVA LLC dba Accounts Receivable Collections Group for Collection of Delinquent EMS Accounts

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IX. The initial term of this contract is three years, beginning on the first day of the month following the execution of this contract by both parties, and shall automatically renew on the anniversary date and continue in full force and effect thereafter from year to year for additional twelve month periods on the same terms and conditions unless either parry delivers written "Notice of Termination of Contract" to the other party of its intent to terminate this contract at least sixty (60) days prior to each anniversary date of this contract. In the event that the City terminates this contract, MVBA, LLC shall be entitled to continue its collection activity on all accounts previously referred to MVBA, LLC for six (6) months from the date of receipt of the "Notice of Termination of Contract" and to payment of its fee, pursuant to Paragraph VII of this contract for all amounts collected on accounts referred to MVBA, LLC. The City may, at its discretion, refer additional accounts to MVBA, LLC after notice of termination has been received by MVBA, LLC. At the end of the six (6) month period, all accounts shall be returned to the City by MVBA, LLC. Interlocal Agreement MVBA, LLC agrees to extend prices and terms to all entities or other political subdivisions or municipalities who have entered or will enter into joint purchasing interlocal cooperation agreement(s) with the City. X. For purposes of sending notice under the term of this contract, all notices from the City shall be sent to MVBA, LLC by certified United States mail to the following address: MVBA, LLC, dba Accounts Receivable Collections Group. Attention: Harvey M. Allen P.O. Box 849 Round Rock, Texas 78680 or delivered by hand or by courier, and addressed to 700 Jeffrey Way, Suite 100, Round Rock, Texas 78664-2425. All notices to the City shall be sent by certified United States mail or delivered by hand or courier to the following address: City of Paris, Texas Attention: City Manager PO Box 9037 Paris, Texas 75461-9037 Contract for the Collection of Delinquent Accounts Receivable - Page 4 of 6