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<br />Exhibit "B"-Payments and Rates <br /> <br />1) For each year ofthis Agreement (i.e., each fiscal year, which is July 1 through June <br />30 next following) the County agrees to reimburse the Contractor 32% oftotal <br />amount of property tax collected for CSA 8 Fire Protection Sub Zone (the "Total <br />Tax") during that fiscal year. For 2007/08 this total amount is projected to be <br />$713,377. Therefore, $228,281 would be the projected reimbursement to the City by <br />the County for these fire protection services for 2007/08. <br /> <br />2) By July 31 st of each year, the County will notify the City ofthe projected Total Tax <br />for the current fiscal year, and the actual Total Tax for the immediate prior fiscal <br />year. The projected Total Tax is currently identified in the County's annual budget <br />system (called "IFAS or Intergovernmental Finance Accounting System") as the line <br />item summary "Object Number 1000" ("Taxes"). The total taxes figure projected in <br />the 2007/08 FY budget for Object Number 1000 is currently shown under column <br />titled "Total CLB 2007/08" (CLB=Current Level Budget"). <br /> <br />3) At the end of each quarter, the City shall invoice the County in an amount equal to <br />8% ofthe projected Total Tax, and the County shall pay such an amount to the City <br />within thirty (30) days of receipt of the City's invoice. The City's invoice shall be <br />sent to the County address stated in section 14 ofthis agreement. Each of the first <br />three quarterly invoices for each fiscal year shall be equal to 8% of the projected <br />Total Tax for that fiscal year. The Fourth Quarter invoice and payment by the County <br />is to be calculated using the actual Total Tax and shall reflect any adjustments in the <br />total annual invoice and payment (i.e., 32% of the actual Total Tax) required as a <br />result of the actual Total Tax being different than the projected Total Tax. <br /> <br />12 <br />