2019-003 - Authorizing the City Manager to Execute Agreements

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V. Security. The Department agrees that any security which it hereafter requires to be fi rnished by taxpayers under the State Sales and Use "Tax Law will be upon such terms that it also will. be available for the payment of the claims gf City for district taxes owing to it as its interest appearsi The Department shall not be required to change the terms of any security now hold by it, and City shall not participate in any security now held by the Department. f G. Records of the Department. Wiser requested by resolution of the legislative body of the City under section 7056 of the Revenue and. Taxation Code, the Department agrees to permit authori=d personnel of tine City to exanmhic the records of the Department, including the name., address, and account number of Cecil seller holding, a seller's permit with a registered business location in the City, pertaining to the aseertainment of transactions and use taxes collected for tite City. fnlbranation obtained by the City from examiriadon of the Department's records shall be used by the City only for purposes related to the collection of transactions and use taxes by the Department pursuant to this Agreement. H. Annexation. City awes that the Department shall not be required to give effect to all aausexation, for the purpose of collecting, allocating, and distributing District transactions and use taxes, earlier thaws the first day of the calendar quarter which commences not less than two months after notice to the Department, The notice shell include the name of the county or counties annexed to the extended City boundary. In the event the City shall annex an area, the boundaries of which are not coterminous with a county or counties, the: notice shall include a description of the .arca annexed and two neaps of the City showing the area annexed and the location address of tite property nearest to the extended City boundary on each side of every street or road crossing the boundary. ARTICLE III ALLOCATION OF TAX A. Altocation. In the administration of the Depaartmcnt's contracts with all districts brat impose transactions and use taxes imposed under ordinances, which comply with fart L6 of Division 2 of the Revenue and Taxation Code. 1, Any payment not identified as being in payment of liability awing to a designated district or districts may be apportioned among, tiara districts as their interest appear„ or, in the discretion. Resolution No. 2019-003 Page 7 of 11