Orange County NC Website
Copy 3: BOCC <br />LETTER OF AGREEMENT <br />Robert S. Segal, CPA, PA ( "SEGAL ") and Orange County, (hereinafter referred to as "CLIENT') hereby <br />enter into this Letter of Agreement whereby SEGAL shall serve as a consultant to CLIENT to examine <br />and analyze the following revenue of CLIENT for the purpose of obtaining any tax refunds available in all <br />prior years still open under the statute of limitations. <br />North Carolina Sales /Use Tax eallocation <br />The Client agrees that the above listed revenue is not currently u tder tax refund evaluation by CLIENT <br />and all refunds received will be eligible for full payment of fees to GAL at the contract rate stipulated <br />below. <br />SEGAL will furnish CLIENT with a written report as to sales /use tax refunds discovered. SEGAL will <br />then prepare the respective refund claims to achieve the refunds. <br />CLIENT agrees to pay SEGAL a fee in accordance with the following FEE SCHEDULE due to Segal's <br />amending of refund returns upon the CLIENT'S receipt of documentation from the North Carolina <br />Department of Revenue evidencing the additional sales /use tax revenue being transferred to the <br />CLIENT. <br />FEE SCHEDULE <br />A sliding scale based on the one percent (1 %) sales tax as follows: <br />25.0% for the first $200,000 of additional refunds obtained, <br />30.0% for the next $200,000 of additional refunds obtained, <br />35.0% for all additional refunds obtained. <br />CLIENT agrees that SEGAL shall invoice CLIENT for its pro -rata share of the fee based upon its <br />percentage of that quarter's sales and use tax distribution to the CLIENT and the Towns of Chapel Hill, <br />Carrboro and Hillsborough from the state of North Carolina. <br />SEGAL AGREES TO MAINTAIN IN STRICT CONFIDENCE ALL INFORMATION RECEIVED FROM <br />CLIENT CONCERNING ITS EXPENSES AND METHODS OF DOING BUSINESS. <br />FURTHERMORE, SEGAL ACTS AS A CONSULTANT ONLY AND DOES NOT RECEIVE ANY <br />COMMISSIONS OR REMUNERATION OF ANY KIND FROM ANY VENDORS OR SERVICE <br />PROVIDERS. <br />ROBERT S. SEGAL, CPA PA has contracted with DIXON ODOM PLLC to assist with this project. <br />The persons signing below are authorized to do so on behalf of their respective organizations. <br />This Letter of Agreement shall be binding upon the parties hereto, their heirs, successors and assigns. <br />