AG 1999 05 17 - Laserfiche WebLink

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AGREEMENT FOR THE COLLECTION OF CAPITAL RECOVERY FEES This agreement (,Agreement) is entered into by and between Cabarrus County (County), a political subdivision of the State of North Carolina and the Water and Sewer Authority of Cabarrus County (WSACC), a public corporation of the State of North Carolina. WHEREAS, the Board of Directors (Board) of WSACC has adopted an Ordinance for the implementation of a Capital Recovery Fee (CRF) on all new construction effective July 1, 1999; and WHEREAS, the Board of WSACC has requested that the County collect the CRF at the time Building Permits are issued for new construction and at the time Plumbing Permits are issued for existing structures, which are built on or after July 1, 1999, and originally served by a septic tank system and connect to public sewer; and WHEREAS, the County wishes to support WSACC in providing for sewer line extensions and treatment of plant expansion to serve the future needs of Cabarrus County by collecting the CRF. WITNESSETH: that-- The County agrees to perform the following basic functions when Building Permits and Plumbing Permits are issued, effective July 1, 1999, and as identified by letter from the County dated March 9, 1999, (Exhibit A) and in accordance with the WSACC CRF Ordinance adopted April 15, 1999, (Exhibit B): Actual collection of the fee Verification of the fee to be charged Responding to anticipated questions and comments about the fee Accounting and annual auditing of the transactions WSACC a~ees that the County will add and collect a charge for the CRF collection based upon the following schedule: a. Five percent (5%) of all fees collected dunng the first year of collection; b. Two and one-half percent (21/2%) of all fees collected during the subsequent years. The collection charge will be added to the CRF and shown separate on the statement. Funds collected each calendar month will be forwarded to WSACC by the fifteenth (15th) day of the following month, less the collection charges. The County Board of Commissioners and the Board of WSACC may, by mutual action, amend this Agreement to modify any of the terms, conditions, or procedures outlined herein.