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6. Retain from first monies collected on a legal account, its advanced costs. <br />7. Remit to City all monies, less commission, by the 20`h day of the month <br />following collection. <br />8. Provide written acknowledgment of account received from City. <br />9. Mail first notice to debtor within 24 hours of receipt of placement. <br />10. Provide City with monthly reports summarizing the activity or all accounts <br />assigned to Consultant, including: <br />a. Total dollar value assigned <br />b. Total dollar value collected <br />c. Percentage collected on total dollar value assigned <br />d. Number of account assigned <br />e. Number of accounts on which payments received <br />f. Number of payments received as a percentage of number of accounts <br />assigned. <br />11. Allow City to cancel an assigned account at any time for a mistake or an error <br />in assignment. <br />12. Allow City to audit an assigned account at any time. <br />13. Maintain a valid Collection License and bonding as required by the State of <br />California, Bureau of Collection and Investigative Services. <br />14. Provide suggestions on methods to improve collection rates on an ongoing <br />basis. <br />B. City Responsibilities: <br />I. Use reasonable care to assign bonafide miscellaneous accounts receivable <br />claims to Consultant through June 30, 2014. <br />2. Use best efforts to verify any disputed amount. <br />3. Warrant the accounts assigned to Consultant are first placements (no <br />collection agency has attempted to contact the debtor by letter service or <br />otherwise) and understands the commission rates herein are based on this <br />representation. <br />2. COMPENSATION <br />a. Consultant shall retain commission on all monies collected on assigned <br />accounts as set forth in Section 1 above "SCOPE OF SERVICES ". <br />3. TERM <br />This Agreement shall commence on July 1, 2014 and terminate on June 30, 2016, <br />unless terminated earlier in accordance with Section 12, below. This Agreement may be <br />extended for up to one (1) additional one -year term at the option of the City, exercisable <br />by the City Manager and City Attorney. <br />2 <br />