Orange County NC Website
.~ <br />2 <br />WHEREAS, County levies and collects the taxes and is <br />responsible far appropriating said funds far the use of the <br />citizens in CALD'~tELL Fire District; and <br />WHEREAS, County desires to establish a renewable contract <br />to enable Fire Department to make long-range plans; <br />NOW, THEREFORE, in consideration of the mutual covenants <br />and premises herein contained, the parties hereto contract and <br />agree as follows: <br />` 1. Each fiscal year, the County will cause to be levied <br />a special tax not exceeding Z5 cents ($a.15) per one hundred <br />dollar valuation of all real and personal property subject to <br />taxation in the CALD'vdELL Fire District unless <br />othex~tise li~tited by law andfor a vote of the people; and will <br />collect said tax as apart of the ad valorem tax collections of <br />the County. The amount levied annually shall be based on a tax <br />rate approved by the Board of County•Commissioners following <br />review of the needs projected in the budget estimate submitted to <br />the County•by.the Board of Directors of the Fire Department. <br />2. That a special revenue fund shall be maintained for <br />each fire district by the County for funds collected as a result <br />of said special tax in which fund appropriations will be'based on <br />the budget estimates approved by the County Commissioners. <br />IInappropriated amounts remaining in the revenue fund shall be <br />carried over to the next fiscal year for fire department use. <br />12 <br />