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1 <br />O R A N G E C O II N T Y <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: Aug. 3, 1995 <br />Action Agenda Item <br />SUBJECT: 1994-95 Annual Settlement <br />DEPARTMENT: Revenue <br />ATTACHMENT(S); <br />Report of Annual Tax Settlement <br />PUBLIC HEARING: Yes X No <br />INFORMATION CONTACT: <br />JOHN T. HORNER: EXTENSION 2727 <br />TELEPHONE NUMBERS: <br />Hillsborough - 732-8181 <br />Durham - 688-7331 <br />Mebane - 227-2031 <br />Chapel Hill - 967-9251/968-4501 <br />PURPOSE: To receive the Tax Settlement on current and delinquent <br />taxes which gives the amount charged, the amount unpaid <br />and the amount collected for 1994 and prior. <br />BACEiGROUND: Mandated by General Statutes 105-373.3 <br />(3) Settlement for current taxes: After July 1 and <br />before he is charged with taxes for the current year, <br />the Tax Collector shall mare full settlement with the <br />cJoverning bocly of the taxing unit for all taxes in his <br />hands for collection for the preceding fiscal year. In <br />the Settlement the Tax Collector shall be charged with: <br />(a) The total amount of all taxes in his hands for <br />collection for the full year, including amounts <br />originally charged to him and all amounts subsequently <br />charged on account of cliscoveries; <br />(b) All penalties, interest and cost collected by him <br />in connection with taxes for the current year. <br />RECOMMENDATION: The Manager recommends the Settlement be accepted <br />as reported and entered into the minutes. <br />