Laserfiche WebLink
Page 13 of 13 <br />#2068906v1 <br />month following collection, submit an ACH deposit to the City for all monies collected in the <br />previous month, less collection fees, along with a report including the account name and number, <br />amount collected and collection fees. <br />23. Any compromise settlement of principal or charges shall be agreed upon in writing between the <br />firm and the City prior to acceptance. <br />24. Firm may allow for time payment agreements (payment plans) and may enter into time payment <br />agreements with consumers for any period less than one year without the consent of the City. Any <br />time payment agreement extending beyond one year from the date of initiation of plan or any <br />account owing more than $5,000 must be agreed upon in writing between the firm and the City <br />prior to acceptance. <br />25. No legal actions shall be taken by the firm without express written consent of the City. <br />26. Firm shall be solely responsible for any and all costs incurred in and associated with the collection <br />of debts referred to it by the City. <br />27. In the event of contract termination or the bankruptcy/dissolution of the firm, all accounts and <br />documentation relating to City accounts shall be returned to the City, regardless of status or <br />payment arrangements made with consumers. <br /> <br />  <br />  <br />City Council 12 – 16 8/5/2025