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DocuSign Envelope ID: 62A1013D- 4F2B- 44EF- ADF9- D546F5907E88 <br />Tax Management Associates, Inc. <br />Business Personal Property Audit and <br />Consulting Services Contract <br />This Contract Addendum is made and entered into this 21 day of August, 2018 by and between <br />ORANGE COUNTY, a political subdivision of the State of North Carolina, hereinafter referred to <br />as "County" and TAX MANAGEMENT ASSOCIATES, INC., a corporation authorized to <br />conduct business in North Carolina, hereinafter referred to as "TMA ". <br />WITNESSETH: <br />WHEREAS, the County desires to obtain audit services on the County business personal <br />property taxpayers as authorized by the North Carolina General Statutes; and <br />WHEREAS, the North Carolina General Assembly 2011 has passed House Bill 462 and <br />subsequently amended General Statute §105-299 to prohibit the use of contingency based <br />payments for the services found in the original agreement; and <br />NOW, THEREFORE, for in consideration of the mutual covenants and agreements made <br />herein, the parties agree as follows and in Attachment 1: <br />AGREEMENT <br />A. AUDIT SERVICES: <br />1. In accordance with the charges, terms and condition contained in the Agreement, TMA <br />agrees to furnish business personal property audit services to verify the accuracy of <br />taxpayers' tax listings files with the Orange County Tax Administrator. <br />2. The services provided by TMA will be performed in accordance with the terms and <br />conditions provided by this Agreement and in compliance with all applicable North <br />Carolina Property Tax Statutes. TMA agrees to perform audits in accordance with <br />professionally accepted auditing and accounting standards <br />3. In accordance with the charges, terms and conditions contained in this agreement, TMA <br />agrees to furnish Business Personal Property Audit Services to verify the accuracy of <br />business taxpayers' business personal property tax listings filed with the Orange County <br />Tax Administrator. Approximately one hundred and four (104) audit locations will be <br />performed over the course of the term of the Agreement. Audits to be performed by TMA <br />to verify the accuracy in Taxpayers' listings shall be selected and assigned by the County <br />as may hereafter be deemed appropriate. <br />1 <br />Revised 7/2018 <br />