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06-014 - R 7ui Asp- /1�s0/�c4n O6 -M RESOLUTION THE STATE OF TEXAS § COUNTY OF COLLIN § WHEREAS, THE TOWN OF PROSPER ("TOWN") wishes to defray its costs of collection, as authorized by TEX. TAX CODE § 33.11, that it incurs under the contract and amendment thereto for collection of delinquent property taxes between TOWN and LINEBARGER GOGGAN BLAIR & SAMPSON, LLP ("FIRM") entered into pursuant to TEX. TAX CODE § 6.30; WHEREAS, under said Section 33.11, the governing body of TOWN is empowered to authorize the addition of a collection penalty in an amount that does not exceed the amount of the compensation specified in the contract with FIRM; NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, SITTING AS THE GOVERNING BODY OF SAID TOWN, THAT: Section 1: THE RECITALS SET FORTH IN THIS RESOLUTION ARE TRUE AND CORRECT. Section 2: AN ADDITIONAL PENALTY ON DELINQUENT TAXES FOR TAX YEARS 2005 AND SUBSEQUENT YEARS IS HEREBY AUTHORIZED AND IMPOSED, AS PROVIDED BY SECTION 33.11, TEXAS PROPERTY TAX CODE, IN THE AMOUNT OF 20% OF THE DELINQUENT TAX, PENALTY AND INTEREST IF THE TAX BECOMES DELINQUENT ON FEBRUARY 1 OF A YEAR AND REMAINS DELINQUENT ON THE 60TH DAY THEREAFTER. PASSED, APPROVED and ADOPTED this p*dt day of _ i(aVv� , 2006. - (J TOWN OF PROSPER BY: �--� arles Nis nger, or ATT; T: 614 anae Jennin•©Town Sei ary