Board of Directors Regular Meeting Agenda


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Meeting Date: 10/28/2015  

SUBJECT MATTER:
Receive, consider and act upon an Agreement for Assessment and Collection Services between Montgomery County and The Woodlands Township;
FISCAL IMPACT:
$9,473 for 2016
BACKGROUND:
Since 2009, The Woodlands Township has contracted with Montgomery County for the annual assessment and collection of the Township’s ad valorem taxes.  The current agreement has expired, and the Township has received a new and similar agreement for these services from Montgomery County.  The agreement is attached for the Board’s review.
 
The term of the new agreement ends on September 30, 2016 but thereafter is automatically renewed annually for a one-year period commencing on October 1 of each subsequent year, provided that the Township or County does not terminate the agreement.  The agreement may be terminated by either party with or without cause upon six months written notice.
 
The fee payable by the Township for assessment and collection services for the 2015 tax year (2016 budget year) is $9,473.  This fee is based on a per parcel rate of $0.1676 for parcels located within Montgomery County and a per parcel rate of $0.6521 for parcels located outside of the county.  The Township has 39,617 parcels within Montgomery County and 4,344 parcels in Harris County.  The 2015 fees represent a 2.0% increase over the previous year.
 
RECOMMENDATION:
Authorize the President/General Manager to execute an Agreement for Assessment and Collection Services between Montgomery County and The Woodlands Township.
 
Attachments
Agreement


    

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