Specifications include, but are not limited to: The City intends to assign a portion of its Delinquent Tax Liens to a third party in accordance with the provisions contained herein and pursuant to Title 12-195h of the Connecticut General Statutes (C.G.S.).
The Purchaser agrees to incorporate the conditions required of them by the City in this bid in any future sale or assignment of said Delinquent Tax Liens as authorized by the City. The provisions of this bid and all future agreements between the Purchaser and the City shall be binding upon both parties, their heirs, successors and assigns.
The Purchaser will be required to collect all accounts at its cost.
The Purchaser shall provide the City with a report, on a monthly basis, which lists all accounts on the Schedule and the status of each as to collection ("Monthly Report"). Each proposal shall include a form of the Monthly Report.