RECOMMENDATION(S):
APPROVE increase to the annual payment limit by $40,000 to a new annual payment limit of $150,000, with no change to the term ending on August 18, 2023, to provide electronic recording of additional documents using the State-certified SECURE Electronic Recording Delivery System pursuant to a 2020 Memorandum of Understanding with the Counties of Orange, Los Angeles, Riverside, and San Diego.
FISCAL IMPACT:
There is no impact to the County General Fund for this program. The program is funded with the dedicated Electronic Report Deliverable Submission monies. The annual cost is determined by the number of real property documents recorded in the previous year for which an electronic recording delivery fee was collected.
|