Agency Memo_signed.pdf

This is an agency memo related to a tangible personal property audit service contract opportunity in Florida. The contract involves Tax Management Associates (TMA) providing personal property tax audit services to identify and collect taxes due on business-related equipment. The service term is structured as one year of initial service with two additional one-year renewal options available, allowing for a potential three-year engagement period.

This is a revenue-generating service at no cost to the City, meaning the contractor bears the implementation costs while the municipality benefits from increased tax collections. The arrangement is designed to leverage TMA's expertise in identifying unreported or underreported personal property assets within the jurisdiction to enhance municipal revenue without requiring upfront expenditures from the local government.