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Agenda - 06-23-2004-5m
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Agenda - 06-23-2004-5m
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Last modified
8/29/2008 7:07:09 PM
Creation date
8/29/2008 10:22:35 AM
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BOCC
Date
6/23/2004
Document Type
Agenda
Agenda Item
5m
Document Relationships
2004 S Manager - Agreement Establishing the Orange-Person-Chatham Local Management Entity
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Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2004
Minutes - 20040623
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Path:
\Board of County Commissioners\Minutes - Approved\2000's\2004
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19 <br />with the effective date of this Agreement. The dissolution of OPC was <br />preceded by a public hearing in Orange County, in Person County and in <br />Chatham County, each held with notice published in every participating <br />county at least ten days before the hearing. The dissolution of OPC <br />is with prior approval of the Secretary. Continuity of services <br />provided by OPC in its Catchment Area is assured by virtue of the <br />creation of the LME and the execution of this Agreement. <br />The budgetary surplus available to OPC at the time of its <br />dissolution is to be distributed to Orange, Person and Chatham <br />Counties respectively on the same pro rata basis as each county <br />appropriated and contributed funds to OPC's budget during the fiscal <br />year in which dissolution occurred. Prior to distribution, an audit <br />of the financial records of OPC shall occur and distribution shall be <br />based on the results of the audit.. The audit shall be conducted by a <br />certified public accountant or accountant subsequently certified by <br />the Local Government Commission to conduct the audit who is chosen by <br />the OPC Area Board, The audit shall be conducted in accordance with <br />the provisions of N.C.G.S. §159-34. All funds distributed to the <br />Parties in accordance with this section shall be placed in the fund <br />balance of the LME. <br />If unobligated surplus funds of OPC are not sufficient to satisfy <br />the total indebtedness of OPC, the remaining unsatisfied indebtedness <br />shall be apportioned among the Parties on the same pro rata basis that <br />the Parties appropriated and contributed funds to OPC's budget during <br />the fiscal year in which dissolution occurred.. <br />
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