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Approval of Agreements for Ad Valorem Tax Billing and Collection Between the City of Lewisville and Denton County for Fiscal Year 2019-20; and Authorization for the City Manager to Execute the Agreements.
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ADMINISTRATIVE COMMENTS:
In Fiscal Year 1997-98, the City entered into an agreement with the Denton County Tax Assessor-Collector to bill and collect City ad valorem taxes. The City began using their services for the Josey Lane PID assessments in 2016 when assessments in this PID began. Services provided have been satisfactory and reliable. The contract rates for the new agreements are unchanged from the prior year. The contract rates per parcel will be $1.00. Funding to cover this expenditure is proposed in the Finance Department General Fund and the Josey Lane PID Administration Fund 2019-20 budgets.
RECOMMENDATION:
That the City Council approve the agreements as set forth in the caption above, and authorize the City Manager to execute the agreements.