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change in charge of collection will take place no earlier than July <br />1, 2007. Notification of this change will be given by January <br />2007. The current formula in place will remain until such change <br />is instituted. <br />The Towns will remit payment to Orange County within 30 days <br />of receipt of the bill from the County. To the extent that the annual <br />financial tax audits reveal that actual year-end collections are <br />different from calculated costs previously billed by the County, <br />adjustments will be made either by refund or invoice for final <br />payment no later than 45 days following the close of the fiscal year <br />end. <br />Additionally the Towns agree to a surcharge to be credited toward <br />the purchase and yearly maintenance of a comprehensive software <br />package to support and maintain the collection of revenues due. <br />The surcharge will be determined by staff from all jurisdictions no <br />later than November 30th of each year and approved by the <br />manager of each jurisdiction for their levied surcharge. The <br />surcharge will be a calculated based on agreed formula. <br />VII. Collection of all delinquent taxes shall be the sole responsibility of <br />the County. The County will use the same diligence and effort to <br />collect taxes owed to the Towns as it does to collect taxes owed to <br />the County. The County may elect to buy property at foreclosure <br />on the basis of sound business considerations. Nothing in this <br />section or agreement requires the County to purchase property at <br />foreclosure or otherwise in situations where the market value of the <br />property does not exceed the cost of extinguishing all liens on the <br />property at the time of sale. <br />VIII. Additionally, the County agrees under NCGS 153A-156 to handle <br />the collection and auditing of all short term lease or rentals, known <br />