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Finance & Administrative Services <br />131 W Margaret Lane, Suite 300 <br />Hillsborough, NC 27278 <br />Page 1 of 5 <br />Orange County Billing General Terms and Conditions <br />Version Date 07/07/23 <br />BILLING SERVICES AGREEMENT <br /> <br />THE PARTIES. This Payment Installment Agreement (“Agreement”) made this February <br />1st, 2024 (“Effective Date”), is by and between: <br /> <br />Customer: Mr. and Mrs. Larry D Reid, Sr. with a mailing address of <br /> 1819 Purefoy Drive, Chapel Hill, NC 27516, thereids1980@gmail.com, <br />(“Customer”) and acknowledges that they owe money to: <br /> <br />County: Orange County, North Carolina, with a mailing address of 131 W <br />Margaret Lane, Suite 300, Hillsborough, NC 27278, 919-245-2150, <br />finance-billing@orangecountync.gov (“County”). <br /> <br />The Customer and County agree to the following repayment plan: <br /> <br />BALANCE. At the time of the Effective Date, the Customer owes the County ($10,000 <br />per property) $20,000 (“Balance”) related to: (check one) <br /> <br />☐ - Small Business Loan Program <br />☒ - Sewer Connection Loan Program ☐ - Services described as: [DESCRIBE] ☐ - Other: [OTHER] <br /> <br />INTEREST RATE. The Total Amount shall: (check one) ☐ - Bear Interest. The Total Amount shall bear interest at a rate of [#]% <br />compounded: (check one) <br /> <br />☐ - Annually <br />☐ - Monthly <br />☐ - Other: [OTHER] <br /> <br />☒ - NOT Bear Interest. There shall be no interest associated with the <br />Total Amount. The Customer’s only obligation to the County is to repay <br />the principal balance. <br /> <br /> <br /> <br /> <br /> <br />DocuSign Envelope ID: 9D6310B2-1C81-4AD7-80E9-4B5237EBBDB4