HomeMy WebLinkAbout2023 CON HDL Coren & Cone, Inc. - Property Tax Consulting Services_Page_18Docusign Envelope ID: 81972E7B-412A-4EFF-AB6F-0C4BAF717DD3
EXHIBIT A
administrative overhead, salaries of CONSULTANT'S employees, travel expenses or similar
matters.
5.6 Due Date
All fees are due 30 days immediately following billing. All amounts that are not paid when
due shall accrue interest from the due date at the rate of one percent per month (12% per annum).
6.0 DEFINITIONS
For purposes of this Agreement, the following terms shall have the meaning stated below:
Audit Review: "Audit" or "Audit Review" shall mean the comparison of databases to
ensure that parcels are correctly coded with the appropriate tax rate area to return revenue
to the client city. Audits include the secured and unsecured tax rolls and where secured
records are corrected; the corresponding unsecured records related to those properties are
also corrected. A review of the calculation methodologies developed by auditor/controller
offices in the administration of property tax is made to ensure compliance. New
annexations are audited the lst or 2nd year after the area's adoption due to the timing of
LAFCO and the State Board of Equalization in assigning new tax rate areas and county
processing of those changes.
County: "County" shall mean the County in which the CITY is located.
Data Base: "Data Base" shall mean a computerized listing of property tax parcels and
information compiled for CITY from information provided by the County.
Days: "Days" shall mean calendar days.
Property Tax Roll: "Property Tax Roll" shall mean the assessed values of parcels on the
secured and unsecured lien date rolls as reported by the County.
Proprietary Information: "Proprietary Information" shall be the reports, technical
information, compilations of data, methodologies, formula, software, programs,
technologies and other processes previously designed and developed by CONSULTANT
and used in the performance of the services hereunder.
Successor Agency: "Successor Agency" means the City's administration pursuant to
Section 34176 of the Health and Safety Code of the former community redevelopment
agency of CITY).
Recovered/Reallocated Revenue: "Recovered or Reallocated Revenue" shall mean
additional revenue received as a result of an audit or review of properties submitted for
correction or for corrections due erroneous calculations or incorrect methods of distributing
revenue discovered by the CONSULTANT and then made by county agencies which result
in a return of additional revenue to the AGENCY. Reviews of AGENCY administered
pass-throughs are performed to ensure the correctness of distributions being made to
participating agencies.
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