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Contract <br /> <br />CABARRUS COUNTY <br />CONCORD, NORTH CAROLINA <br /> <br />This contract is entered into this 16th day of June, 2003, by the City of Locust and Cabarms County. <br /> <br />The City of Locust and Cabarrus County, in consideration of the mutual covenants, promises and agreements <br />herein contained, agree as follows: <br /> <br />Scope of Work: Cabarrus County shall provide to the City of Locust the services set forth in the Contract <br />Documents consisting of providing Tax Collection and Tax Assessor services for the City of Locust for Fiscal <br />Year 2004 beginning July 1, 2003 and each succeeding fiscal year thereafter. This contract may be terminated <br />by written notification given by either party on or before April 30th of the preceding fiscal year. <br /> <br />Contract Documents: The Contract Documents consist of this signed Contract form and any Exhibits <br />incorporated herein. <br /> <br />Compensation and Method of Payment: For satisfactorily providing all services described and required in <br />the Contract Documents, Cabarrus County shall receive payment from the City of Locust equal to 1.5% of all <br />taxes collected for the City of Locust which is netted each month prior to distribution. <br /> <br />In witness whereof the parties have caused this Contract to be duly executed, intending to be bound thereby. <br /> <br />CABARRUS COUNTY CITY OF LOCUST <br /> <br />Authorized Authorized <br />Signature: Signature: <br /> <br />Title: Title: <br />Date: Date: <br /> <br />*This instrument has been pre-audited in the manner required by the Local Government Budget and Fiscal <br />Control Act. <br /> <br />CABARRUS COUNTY Finance Director <br /> <br />CITY OF LOCUST Finance Director <br /> <br /> <br />