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AI# 10648
Regular City Council Meeting
7.9.
04/26/2022:
Information
Agenda Item
Resolution - Finance:
Consider a resolution authorizing the Mayor to execute an Interlocal Agreement, between the City of Lubbock and the Lubbock Central Appraisal District, for the collection of assessments levied on property within the Northwest Passage Public Improvement District.
Item Summary
This agreement is between the City of Lubbock and the Lubbock Central Appraisal District (LCAD). It will allow LCAD to collect the assessments levied by the City Council on property in the Northwest Passage Public Improvement District.
Fiscal Impact
The cost of the collection services will be an amount equal to the cost per parcel for all other cities and independent school districts as calculated in the AGREEMENT FOR ASSESSMENT AND COLLECTION OF TAXES between the City of Lubbock and the Appraisal District or one quarter (1/4) of one percent (1%), of the annual collection budget of the Appraisal District, whichever is greater.
Staff/Board Recommending
Blu Kostelich, Chief Financial Officer
Attachments
Resolution NorthWest Passage PID Interlocal Agreement
Northwest Passage PID Interlocal Agreement
Exhibit A
Exhibit B
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