2002 - 08-19-02 Regular Meeting - Laserfiche WebLink

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A 8 ParriQi n connection with providing the services listed above. The County agrees to promptly provide to the City of Sanford Community Development Department a copy of all properly adopted regulations and ordinances pertaining to the services listed above. 4. COMPENSATION. For fiscal year 2002-2003 the County shall pay to the City the sum of $72,145, which equals one-half of the difference between the combined revenue estimate of 5320,000 and the combined operating budget of $464,290. The County will adjust the $72,145 payment to take into consideration any revenues it had collected between July I" and the date the City assumes responsibility for the merged department. Likewise, an adjustment will be made for any expenditures paid by Lee County between July I" and the date the City assumes responsibility for the merged department. Said payment maybe made in quarterly installments. For every following year, the County will pay to the City an amount equal to fifty percent of the projected operating loss which will be calculated by subtracting the projected revenues from the projected expenditures contained in the approved budget. This amount will be paid to the City in equal installments on July 1, October 1, January 1 and March 1. Following the conclusion of the fiscal year and completion of the City's annual audit, a statement showing actual revenues and expenditures will be provided to Lee County. If actual revenues exceed actual expenditures, Lee County will receive 50% of this amount adjusted to take into consideration any earlier payments made to the City. If actual expenditures exceed actual revenues, Lee County will pay to the City of Sanford 50% of that amount also adjusted to take into consideration any earlier payments made to the City. 5. FEES. Inspection fees established by ordinance shall be collected by the City and retained unless distributed in accordance with paragraph 4 above. To the extent possible it shall be the goal of the City and County for inspection services to be self supporting. Fee schedules will be reviewed annually for recommendation to the Board of Commissioners and City Council. 6. ASSETS PREVIOUSLY FURNISHED. The current vehicles used by inspectors, furnishings, computers, equipment and supplies heretofore provided by the County will be provided to the City. Al such time that the City no longer desires to use the vehicle, furnishings, computers, equipment and machines transferred by the County for use by the City's Community Development Department, such equipment will be returned to County for disposal. 7. ASSETS ACQUIRED IN THE FUTURE. From and after July 1, 2002, the pro rata cost of capital assets of a value of 5500.00 or greater which are acquired for use by the Sanford-Lee County Community Development Department Inspections Division will be determined during the budget process and approved by the Board of Commissioners and the City Council. The City will track these assets in such a fashion that when the capital assets are no longer being used by said division, they will be disposed of by the City in a timely manner and the proceeds derived from such sale will be divided between the City and County on the same pro rata basis as they were acquired. S. TERMINATION. In additional to the method of termination provided in paragraph 1, either party may terminate this agreement upon six (6) months written notice before the end of the tenn to the other party. Notice shall be given to: