Orange County NC Website
18 <br /> 2 <br /> WHEREAS, County levies and collects the taxes and is <br /> responsible for appropriating said funds for the use of the <br /> citizens in CALDWELL 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 15 cents ($0. 15) per one hundred <br /> dollar valuation of all real and personal property subject to <br /> taxation in the CALDWELL Fire District unless <br /> otherwise limited by law and/or 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 /> Unappropriated amounts remaining in the revenue fund shall be <br /> carried over to the next fiscal year for fire department use. <br />