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<br />2. INFORMATION SERVICE <br /> MRC shall provide the Sales Tax Inquiry System and STARS <br /> reports for $1,250 per quarter, payable only after the City has <br /> received the Sales Tax Inquiry System, STARS report(s) and <br /> sufficient funds to cover the charges from the City's share of <br /> new tax revenue produced from MRC's audit service. The <br /> following computation illustrates a hypothetical example: <br /> New tax revenue produced <br /> for City from MRC audit service $300,000 <br /> Less MRC compensation for audit <br /> service @ 25 % -75,000 <br /> City's share of tax <br /> revenue @ 75% $225,000 <br /> Less STARS charge for full year <br /> @ $1,250 per quarter -5,000 <br /> Net new tax revenue to City <br /> after compensating MRC for audit <br /> service and information services $220,000 <br /> Should MRC's revenue enhancement audit service fail to <br /> generate sufficient new tax revenue for the City to cover the <br /> information service charges out of the City's 75% share, then <br /> MRC shall defer the shortfall amount. <br />n·..·...· ,., ".,.. "'-"-'-"-'--~'--"-~'-_.,.".'. _....,~..".......~,"<" .' __·,_'.._'_d',__..·._,.,~__."..._______~."__,_.._. . ..-.,----- <br />