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REV: 11-22-23 MI <br />12.Perform required bond call spreads and coordinate the early redemption of <br />outstanding bonds. The fee for this service is hourly, using our then-current hourly <br />rates (see “Additional Services” section). <br />13.Consultant will rely on being able to obtain the following information from the City in <br />order to efficiently administer the CFDs. The budget summary to be incorporated into <br />the annual resolution establishing the budget; and assist Consultant in obtaining <br />information. Although Consultant will annually research information regarding land <br />subdivision, issuance of building permits and/or Certificates of Occupancy (as <br />required by the City), Consultant may require assistance from the City. <br />Delinquency Management <br />1. Monitor delinquent tax bill payments in January/February and May/June of each year. <br />2. Provide periodic delinquency reports to the City, including a detailed listing of current <br />and prior year unpaid tax installments and recommendations for collections. <br />3. Send a delinquency reminder letter after the first installment of the tax bill becomes <br />delinquent. <br />4. Send a 30-day delinquency demand letter after the second installment of the tax bill <br />becomes delinquent. <br />5. Each demand letter will include a brochure providing answers to commonly asked <br />questions regarding delinquencies. <br />6. Cause the removal of the delinquent installments of special taxes for the current <br />and/or prior tax year(s) from the County tax roll. Such removal will comply with SB <br />1471. <br />7. Send a final 21-day delinquency foreclosure letter to each delinquent property owner <br />after receiving confirmation from the County for the removal of the delinquent special <br />taxes. Foreclosure letters shall contain a brochure providing answers to “Frequently <br />Asked Questions (FAQs)” regarding delinquencies and judicial foreclosures. <br />8. Send those parcels, whose special taxes continue to remain delinquent after 21 days <br />from the mailing of foreclosure letters to the City for collection. The City will collect the <br />delinquent amount and all applicable penalties, interest, fees, and other authorized <br />costs through the City-retained foreclosure counsel. <br />9. Provide a toll-free telephone number for Consultant to field inquiries from City staff, <br />parcel owners, lenders, and other interested parties concerning annual installments <br />and delinquencies. This number shall be available throughout the entire delinquency <br />management/foreclosure process. <br />10.Assist foreclosure counsel to initiate and prosecute judicial foreclosure proceedings <br />according to the bond foreclosure covenants for those parcels sent to foreclosure. <br />11.Provide (upon request) payoff quotes for stripped delinquent special tax installments <br />for all interested parties. Fees for this service are paid by the requesting party and <br />may be charged to a credit card; there is no charge to the City. <br />ATTY/AGR.2023.232/Willdan Financial Services (Willdan Financial Services) (Page 15 of 22)