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Agenda - 11-06-2002 - 5e
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Agenda - 11-06-2002 - 5e
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Last modified
8/7/2017 2:42:24 PM
Creation date
8/29/2008 11:12:47 AM
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BOCC
Date
11/6/2002
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
5e
Document Relationships
Minutes - 20021106
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2002
RES-2002-080 Resolution approving Orange County's Participating in the North Carolina Local Government Debt Setoff Program
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2002
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2 <br /> The accompanying resolution would authorize the Manager and staff to participate in this <br /> program, as outlined further in the attached memorandum of understanding. <br /> FINANCIAL IMPACT: Staff estimates that participation in this program could lead to the receipt <br /> of$20,000 (and perhaps more, as the program matures in Orange County) annually that would <br /> otherwise go uncollected. Experience from other jurisdictions indicates that it is likely that the <br /> County would receive most of this revenue from payments made after debtors receive a letter of <br /> intent to attach an income tax refund, and before ever having to file a claim with Five Star. <br /> Many debtors apparently choose to pay their overdue accounts in full rather than having their <br /> income tax refunds attached. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the resolution <br /> authorizing Orange County's participation in the debt setoff program and, subject to final review <br /> by staff and the County Attorney, authorize the Manager to execute any agreements or other <br /> related documents pertaining to participation in the debt setoff program. <br />
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