BC 1989 01 16 - Laserfiche WebLink

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12 In accordance with the charges, terms and conditions contained in this agreement, TMA agrees to furnish NCGS (North Carolina General Statutes) audit services on a reasonable sample of' the Countyts business personal property taxpayers. Audits will be performed in compliance with all statutes applicable within the N.C. Machinery Act, specifically; NCGS 105-283, Uniform Appraisal Standards; NCGS 105-317.1, Appraisal Elements for Reconciling to True Value; and NCGS 105-312, "Discovered Property" Procedures. Customer shall receive two (2) copies of valuation report in the format agreed upon. Customer shall pay all charges due under the schedules in effect. 2. TERM OF AGREEMENT This Agreement shall become effective from the date of its acceptance by TMA and shall remain in effect for an initial term of thirty six (36) months and shall continue in effect thereafter on a month-to-month basis cancellable by either party upon thirty (30) days written notice. 3. CHARGES For services furnished by TMA under this Agreement, customer shall pay to A. Schedule: 35% of taxes discovered including penalty. B. Time: 25% - After notice of discovery to taxpayer 25% - After local appeal right is exhausted. 50% At time of payment from taxpayer or by last day taxpayer can pay bill without interest, whichever occurs first. Ail invoices shall be due and payable in full upon receipt. Ail amounts not paid within thirty (30) days after date of invoice are subject to a finance charge on the unpaid amount at the rate of one and one-half percent (1 1/2%) per month (annual percentage rate eighteen percent (18%)). 4. INDEMNIFICATION Customer agrees that proprietary rights to the business personal property audit system shall remain with TMA and that customer will not sell or lease the system to any other person, company, or taxing jurisdiction or permit access to the system except for employees of the customer authorized to do so by TMA. 5. GENERAL The Agreement will be governed by the laws of the State of North Carolina. The customer acknowledges that he has read this agreement, understands it, and agrees to be bound by its terms and conditions. 6. NOTICES Notices to be given or submitted by either party to the other, pursuant to this agreement, shall be sufficiently given or made in writing and sent by certified mail, postage prepaid. ACCEPTED: TAX MANAGEMENT ASSOCIATES, INC. Authorized Signature /s/ Richard H. Cooke Name Richard H. Cooke Title President ACCEPTED CABARRUS COUNTY Authorized Signature /s/ Terry L. Rowland Name Terry L. Rowland Title Assessor Date 5/4/88 Date May 3, 1988 The Board reviewed the letter from Mr. Hugh Price, District Conservationist, asking that Mr. Jerry Hammill be reappointed to a new term as watershed commissioner. In his letter, Mr. Price indicated that during his first term of office Mr. Hammill showed a high amount of interest in the watershed program, used much of his personal time and expenses to carry out watershed activities, made on-site visits to the stream work on a regular basis, and encouraged the active participation of others. UPON MOTION of Commissioner Melvin, seconded by Chairman Lentz and unanimously carried, the Board reappointed Mr. Jerry Hammill to the Watershed Improvement Commission for a second six-year term due to his extraordinary service during his first term of office. Mr. Hammill's second term of appointment will expire on February 15, 1995.