Common use of Collection of Assessments Clause in Contracts

Collection of Assessments. The City covenants and agrees that it will, as authorized by the Act and other applicable law, collect or enter into an interlocal agreement for the collection of Assessments levied pursuant to the Plan during the term of this Agreement in the manner and to the maximum extent permitted by applicable law. The City covenants and agrees that to the extent permitted by applicable law, it will not permit a reduction, abatement, or exemption in the Assessments due on property in the District until the District Bonds have been paid in full. The City shall use good and sound practices to collect, or cause the collection of, the Assessments consistent with the City's policies and standard practices applicable to the collection of City taxes and assessments.