TYLER TECHNOLOGIES UNIT AWARDED $9 MILLION APPRAISAL SERVICES CONTRACT WITH FRANKLIN COUNTY, OHIO
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Dallas, June 18, 2003 —Tyler Technologies, Inc. (NYSE: TYL) announced today that its Cole Layer Trumble (CLT) unit has signed contracts totaling more than $9 million with Franklin County, Ohio. Under the new contracts, CLT will perform a countywide value update of all real estate parcels, which will be completed in 2005, as well as new construction appraisals for the years 2004 and 2005. CLT has previously provided revaluation services to Franklin County, most recently during the 1999 sexennial reappraisal.
Franklin County covers 540 square miles and is home to Columbus, the nation’s 15th largest city. The County has a total population of more than one million people.
"We have developed a comprehensive real estate value database for a myriad of public and private sector uses," stated Joseph Testa, Franklin County Auditor. "CLT has committed to maintaining and enhancing this legacy."
Ben Story, Chief Operating Officer of Tyler's CLT division, commented, "Franklin County is a rapidly growing, technologically astute jurisdiction. We are very pleased to continue this long-standing relationship with the County."
Tyler's CLT division is the nation's largest provider of mass appraisal and property tax software and reassessment outsourcing services. Since its founding in 1938, CLT has provided appraisal outsourcing services and property tax administration software to over 1,200 assessing jurisdictions in the United States and Canada.
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to make local governments more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes nearly 6,000 local government offices in 49 states, Canada and Puerto Rico. More information about Tyler Technologies can be found on the World Wide Web at www.tylertechnologies.com
Tyler Technologies, Inc. has included in this press release "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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Jun 18, 2003 |
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