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commonly referred to as "tax roll" information, specifically including, but not
<br />limited to, appraised values for all real properties located within the
<br />boundaries of Cabarrus County; and
<br />
<br /> WHEREAS, the Cabarrus MLS is desirous of the County providing the Cabarrus
<br />MLS with such "tax roll" information, and the County desires to provide such
<br />information.
<br />
<br /> NOW, THEREFORE, in consideration of the mutual and reciprocal promises
<br />herein contained, and other good and valuable considerations, the receipt of
<br />which is hereby acknowledged, the parties hereto agree as follows, that:
<br />
<br /> 1. The County shall provide the Cabarrus MLS with all tax roll data, or
<br />information, as hereinbefore defined, which is to cover, or include, all
<br />properties lying within the confines of the County of Cabarrus, which, again, is
<br />to specifically include County-appraised values for such properties.
<br />
<br /> 2. Recognizing that an outside vendor presently provides computer services
<br />to the Cabarrus MLS used in connection with publishing the Multiple Listing
<br />Service of the Cabarrus County Association of Realtors®, Inc. Sold Book
<br />("Cabarrus MLS Book"), and that an outside vendor, or vendors, may continue to
<br />provide such services, the County shall work with such vendor, or vendors, in
<br />order to develop an electronic media (magnetic tape) tax roll data file that will
<br />be compatible with the computer system of such vendor(s). In furtherance thereof,
<br />the Cabarrus MLS will coordinate efforts between the County and the particular
<br />vendor(s) in developing the electronic media (magnetic tape) necessary to achieve
<br />computer compatibility.
<br />
<br /> 3. The County shall provide the Cabarrus MLS a new tape of tax roll data
<br />on a quarterly basis subsequent to the date the initial information has been made
<br />available via computer ("on line"). In order to insure that such information is
<br />on line at the expiration of each such period, the Cabarrus MLS will contact the
<br />County forty-five (45) days in advance of the expiration of each quarterly
<br />period, so as to acquire the new electronic media (magnetic tape) from the County
<br />for forwarding to the computer services vendor for programming for later
<br />on-screen availability.
<br />
<br /> 4. The Cabarrus MLS will pay the County the sum of Two Thousand Four
<br />Hundred Dollars ($2,400.00) per year, in monthly installments of Two Hundred
<br />Dollars ($200.00) each, for the provision of the tax roll data as described
<br />herein. Said monthly payments will commence on the date that the tax roll data
<br />is available via Cabarrus MLS computer ("on line"), provided, however, that if
<br />the commencement date for payments falls on a day other than the first day of a
<br />calendar month, the installment for the portion of such month involving the
<br />commencement of payments shall be prorated. Thereafter, monthly payments shall
<br />be due and payable in advance on the first day of each and every month throughout
<br />the term hereof.
<br />
<br /> Provided, however, that the County may, upon ninety (90) days advance
<br />written notice, increase the amount of said monthly payments required of the
<br />Cabarrus MLS, effective as of July 1 of each year during the term of this
<br />Agreement, as a result of any increased costs to the County for the provision of
<br />such tax roll data. The amount of such monthly payments, although, may not be
<br />increased, from year to year, by more than four percent (4%) from the amount of
<br />such payments for the preceding twelve (12) months period.
<br />
<br /> 5. The Cabarrus MLS will provide the County with "on line" access to its
<br />sold and closed data as reported to the MLS, in consideration of which the County
<br />will pay the Cabarrus MLS the sum of One Thousand Two Hundred Dollars ($1,200.O0)
<br />annually, to be paid in monthly installments of One Hundred Dollars ($100.00)
<br />each. Said monthly payments will commence, and will continue to be due and
<br />payable upon precisely the same schedule, and in the same manner, as set forth
<br />in paragraph 4 hereinabove.
<br />
<br /> Provided, however, that the Cabarrus MLS may, upon ninety (90) days advance
<br />written notice, increase the amount of said monthly payments required of the
<br />County, effective as of January 1 of each year during the term of this Agreement,
<br />as a result of any increased costs to the Cabarrus MLS for the provision of such
<br />sold and closed data. The amount of such monthly payments, although, may not be
<br />
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