Common use of COMPENSATION AND CONSIDERATION Clause in Contracts

COMPENSATION AND CONSIDERATION. In exchange for good and valuable consideration, the recital of which all parties acknowledge receipt thereof, and in consideration for the terms and services outlined in this Agreement, the City will pay to the County the actual costs associated with the collection of taxes by the Tax Commissioner on behalf of the City subject and pursuant to the following payment terms: or within 30 days of the mailing of an 6.1 For the initial 2017 tax year, the City shall pay the County, by check or electronic fund transfer, the later of June 1st of the tax year, invoice by the County, a fee of two dollars per parcel, not to exceed $25,000.00 plus $500.00 of which $500.00 shall be retained by the County for reimbursement of the cost to the County for providing service to the City. The remaining amount shall be distributed annually as an annual salary supplement to the Tax Commissioner by the County pursuant to O.C.G.A. 48-5-359.1 for such services, duties and responsibilities necessary to collect City taxes. Commented [WJA4]: Should this be “no later than June 1st of the tax year”. 6.2 For all subsequent tax years, the City shall pay the County, by check or electronic fund transfer, no later than June 1st of the tax year, or within 30 days of the mailing of an invoice by the County, a fee of two dollars per parcel, not to exceed $25,000.00, plus $500.00 of which $500.00 shall be retained by the County for reimbursement of the cost to the County for providing service to the City. The remaining amount shall be distributed annually as an annual salary supplement to the Tax Commissioner by the County pursuant to O.C.G.A. 48-5-359.1 for such services, duties and responsibilities necessary to collect City taxes. 6.3 The City shall notify the Tax Commissioner when payment has been rendered to the County within 2 business days of such payment. 6.4 The County shall distribute said salary supplement to Tax Commissioner on the first payroll check following the receipt of payment from the City. 6.5 The amounts for subsequent years may be modified based on changes to City boundaries, the annexation of additional parcels, or by adjustment of the number of parcels from year to year within the City.

COMPENSATION AND CONSIDERATION. In exchange for good and valuable consideration, the recital of which all parties acknowledge receipt thereof, and in consideration for the terms and services outlined in this Agreement, the City will pay to the County the actual costs associated with the collection of taxes by the Tax Commissioner on behalf of the City subject and pursuant to the following payment terms: or within 30 days of the mailing of an 6.1 For the initial 2017 tax year, the City shall pay the County, by check or electronic fund transfer, the later of June 1st of the tax year, invoice by the County, a fee of two dollars per parcel, not to exceed $25,000.00 plus $500.00 200.00 of which $500.00 200.00 shall be retained by the County for reimbursement of the cost to the County for providing service to the City. The remaining amount shall be distributed annually as an annual salary supplement to the Tax Commissioner by the County pursuant to O.C.G.A. 48-5-359.1 for such services, duties and responsibilities necessary to collect City taxes. Commented [WJA4]: Should this be “no later than June 1st of the tax year”. 6.2 For all subsequent tax years, the City shall pay the County, by check or electronic fund transfer, no later than June 1st of the tax year, or within 30 days of the mailing of an invoice by the County, a fee of two dollars per parcel, not to exceed $25,000.00, plus $500.00 200.00 of which $500.00 200.00 shall be retained by the County for reimbursement of the cost to the County for providing service to the City. The remaining amount shall be distributed annually as an annual salary supplement to the Tax Commissioner by the County pursuant to O.C.G.A. 48-5-359.1 for such services, duties and responsibilities necessary to collect City taxes. 6.3 The City shall notify the Tax Commissioner when payment has been rendered to the County within 2 business days of such payment. 6.4 The County shall distribute said salary supplement to Tax Commissioner on the first payroll check following the receipt of payment from the City. 6.5 The amounts for subsequent years may be modified based on changes to City boundaries, the annexation of additional parcels, or by adjustment of the number of parcels from year to year within the City.

COMPENSATION AND CONSIDERATION. In exchange for good and valuable consideration, the recital of which all parties acknowledge receipt thereof, and in consideration for the terms and services outlined in this Agreement, the City will pay to the County the actual costs associated with the collection of taxes by the Tax Commissioner on behalf of the City subject and pursuant to the following payment terms: or within 30 days of the mailing of an: 6.1 For the initial 2017 2018 tax year, the City shall pay the County, by check or electronic fund transfer, the no later of than June 1st of the tax year, or within 30 days of the mailing of an invoice by the County, a fee of two dollars per parcel, not to exceed $25,000.00 plus $500.00 200.00 of which $500.00 200.00 shall be retained by the County for reimbursement of the cost to the County for providing service to the City. The remaining amount shall be distributed annually as an annual salary supplement to the Tax Commissioner by the County pursuant to O.C.G.A. 48-5-359.1 for such services, duties and responsibilities necessary to collect City taxes. Commented [WJA4]: Should this be “no later than June 1st of the tax year”. 6.2 For all subsequent tax years, the City shall pay the County, by check or electronic fund transfer, no later than June 1st of the tax year, or within 30 days of the mailing of an invoice by the County, a fee of two dollars per parcel, not to exceed $25,000.00, plus $500.00 200.00 of which $500.00 200.00 shall be retained by the County for reimbursement of the cost to the County for providing service to the City. The remaining amount shall be distributed annually as an annual salary supplement to the Tax Commissioner by the County pursuant to O.C.G.A. 48-5-359.1 for such services, duties and responsibilities necessary to collect City taxes. 6.3 The City shall notify the Tax Commissioner when payment has been rendered to the County within 2 business days of such payment. 6.4 The County shall distribute said salary supplement to Tax Commissioner on the first payroll check following the receipt of payment from the City. 6.5 The amounts for subsequent years may be modified based on changes to City boundaries, the annexation of additional parcels, or by adjustment of the number of parcels from year to year within the City.