2384-13 Memorandum of Understanding.pdf

Township of West Orange Page 3 of 6 Reward Programs / MOU 4. Hosting a Web portal/Web site whereby Administrator may register and enter into agreements with Taxpayer Consumers establishing all terms including but not limited to:  A statement of the percentage of a transaction credit which will go to Taxpayer Consumer  A statement of the percentage of a transaction credit which will go to Administrator  The timing of posting of credits earned (annually)  Policy regarding data privacy and sharing of information for marketing purposes  Specific limits and restrictions relative to program participation  A statement that a taxpayer in the Township must be current on its property taxes to participate  No refunds will be issued  Credits on accounts that are current will result in prepayments of property taxes for future periods  A statement that the Administrator is not responsible for impact of program participation on mortgage escrow calculations.  A statement that neither the Administrator nor the Township is responsible for credits with respect to changes in property ownership  Posting language indicating the voluntary nature of program and legal indemnification language satisfactory to the Association 5. Assisting with the recruiting of merchants and supporting Participating Merchants, including but not limited to by posting a list, with contact information, of all participating Merchants on the Administrator’s Web site. 6. Providing Taxpayer Consumers with access to a listing of all Participating Merchants, and providing each Participating Merchant with access to a listing of e-mail addresses of all participating Taxpayer Consumers patronizing its business. 7. Providing Taxpayer Consumers with 24-hour online access to the dollar amount of property tax credits earned by the Taxpayer Consumers to date. 8. Establishing FDIC insured dedicated bank account(s) for the Township Shop West Orange Program, unless the Taxpayer Consumer’s property tax credit funds will be immediately directed to and held in the Township’s own FDIC insured dedicated bank account, in which case the Administrator need not establish such a bank account. No funds for any other program or purpose shall be commingled. A copy of the statement for such accounts shall be provided to the Township upon request. 9. Generating an annual download file, as applicable, in accordance with

ogram or purpose shall be commingled. A copy of the statement for such accounts shall be provided to the Township upon request. 9. Generating an annual download file, as applicable, in accordance with Township specifications, including necessary flags and filters, to ensure that delinquent accounts are rejected. The file shall be transmitted to the Township on or about June 1 of each year. This includes coordinating with Township software administrator(s) or other such Township employee(s) to give authorized personnel the ability to review, accept or reject annual downloads prior to generating the annual download file. 10. Initiating a weekly wire transfer (or ACH) to a Township-specified account for the property tax credits. The amount of the wire transfer must equal the total dollar amount of valid transactions to be posted to Taxpayer Consumers’ accounts.