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maintain the collection of revenues due. The surcharge will be determined by staff from all <br />jurisdictions no later than November 30th of each year and approved by the managers of each <br />jurisdiction. <br />Once a new software system is initiated in Orange County, the proposed interlocal agreement <br />provides that the cost for yearly collection of tax revenues will be set at %Z% of total collections <br />for each jurisdiction, in addition to the surcharge for system automation needs. <br />FINANCIAL IMPACT: The current interlocal agreement produces approximately $140,000 in <br />annual revenue to the County from the three Towns, If the agreement is approved by all four <br />governing boards, staff estimate that Orange County's revenues would increase when the new <br />structure takes effect to roughly $170,000 per year. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the Interlocal <br />Agreement for Collection as submitted, subject to final review by staff and the County Attorney. <br />