TITLE
Title
MUNICIPAL TAX COLLECTION AGREEMENTS WITH ARCHDALE, BURLINGTON, GREENSBORO, HIGH POINT, JAMESTOWN, KERNERSVILLE, OAK RIDGE, PLEASANT GARDEN, SEDALIA, SUMMERFIELD AND WHITSETT
end
SPONSOR
Sponsor
Ben Chavis
end
BACKGROUND
Background
The proposed agreements between the listed municipalities and Guilford County are for the billing and collection of ad valorem taxes (not including motor vehicle taxes collected by the State of North Carolina under N.C.G.S. Chapter 105, Article 22A) within the municipalities by the County. They are effective July 1, 2016 and are subject to final approval and any non-material revisions made by the County Manager. The agreements shall continue for a term of five (5) years, unless terminated pursuant to the terms therein. The County will charge an annual fee to each of the municipalities based on 0.62% of the collections for that municipality for the fiscal year ending June 30 of the prior year.
end
BUDGET IMPACT
Budget Impact
NO ADDITIONAL COUNTY DOLLARS REQUIRED
end
REQUESTED ACTION
Requested Action
Approve the execution of the Tax Collection agreements, in substantial form as attached hereto, between the municipalities of Archdale, Burlington, Greensboro, High Point, Jamestown, Kernersville, Oak Ridge, Pleasant Garden, Sedalia, Summerfield and Whitsett; and Guilford County.
end