Orange County NC Website
completion, reports its findings/recommendations back to staff and/or the Finance and <br />Operations Sub-committees of the I .& E Committee as well as the BOCC. The county can then <br />choose to move forward with all or portions of the actions/recommendations detailed by Segal. <br />For Agreement #1 for expenses and revenues, if the county does approve a recommendation (s) <br />and enacts the associated change(s), Segal would be compensated at a rate equal to fifty <br />percent (50%) of the annual financial benefit to the county arising from the improvement. This <br />compensation to Segal would extend for two years, with the County garnering all financial <br />benefits thereafter. For Agreement #2 pertaining to sales tax/use tax reallocation, Segal would <br />be compensated based on a formula stated as follows and included in the agreement: <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 />RECOMMENDATION(S): The Manager recommends that the Board approve the agreements <br />in substantially their current form, authorize the County Manager to sign pending final review <br />and approval by staff and the County Attomey, and authorize the County Manager to approve <br />any accessory agreements which may be necessary during this expense/revenue/operations <br />review process.