By signing and returning an application form with the required banking information, it is agreed that:
1) The applicant(s) authorizes the referenced bank to debit their account for the monthly tax instalment payment payable to the City of Edmonton, on the first business day of each month, as payment in part of the taxes for the property/business.
2) Once enrolled, the account must be at a NIL balance on December 31 every year to continue participating in the Monthly Payment Plan in the following year. The City of Edmonton has the right to cancel participation in the plan without notice if the initial payment or payments equaling two or more instalments are not honoured by the participant's bank. Unpaid taxes as of the date of termination of the plan will be subject to penalties as outlined in the Tax Penalty, Interest and Monthly Payment Bylaw.
3) There may be changes in the amount of the monthly payment each year as a result of the City's annual tax levy. Notification of any changes will be detailed on the Annual Property notice. The participant will be given a 15-day notice before payment amounts are increased for any other reason.
4) You have certain recourse rights if any debit does not comply with this Agreement. For example, you have the right to receive reimbursement for any debit that is not authorized or that is not consistent with this Agreement. To obtain more information on your recourse rights, contact your financial institution or visit www.cdnpay.ca.
5) Signators of a corporation are required to provide a corporate search and may need to provide an affidavit of execution indicating their authority to sign on behalf of the corporation.