HomeMy WebLinkAbout2012-12-8006ORDINANCE NO. 2012-12-8006
AN ORDINANCE APPROVING A CONTRACT WITH ADDENDUM
AND CONTINGENCY FEE SCHEDULE WITH CREDIT BUREAU SYSTEMS, INC.
FOR COLLECTING DELINQUENT PROPERTY TAXES, AND AUTHORIZING THE
MAYOR TO EXECUTE ALL DOCUMENTS RELATING TO SAME
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1 That the City of Paducah hereby approves a Collection
Service Contract with addendum and contingency fee schedule with Credit Bureau
Systems, Inc., for collecting delinquent property taxes for properties within the City
limits. The sole charge to the City shall be 25% of all amounts collected, except, 35% of
amount collected by attorneys from litigation filed on behalf of the City.
SECTION 2. The Mayor is hereby authorized to execute all documents
necessary with Credit Bureau Systems, Inc., for collecting delinquent property taxes
approved in Section 1 above. The contract and other documents will commence upon
execution and continue in effect for one (1) year. Upon expiration the agreement shall
automatically renew each year unless either the City or Credit Bureau Systems give
written notification to terminate the agreements.
SECTION 3. This ordinance shall be read on two separate days and will
become effective upon summary publication pursuant to KRS Chapter 424.
/jATTEST: /
Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners, December 11, 2012
Adopted by the Board of Commissioners, December 18, 2012
Recorded by Tammara S. Sanderson, City Clerk, December 18, 2012
Published by The Paducah Sun, December 24, 2012
\ord\finance\contract-delinquent taxes 12-2012