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<br />~~~ ~ f~ ~ ~ <br />~~9 <br />CONSULTING AGREEMENT <br />This Consulting Agreement ("Agreement") is entered into this day of ~, <br />2008 (hereinafter referred to as the effective date of the agreement) by an betwee Orange <br />County, North Carolina ("Contracting Agency" or "County") and Raftelis Financial Consultants, <br />Inc. ("Contractor"). <br />Witnesseth <br />WHEREAS, Contractor has substantial skill and experience in water and wastewater finance and <br />pricing; and <br />WHEREAS, County desires to hire Contractor and Contractor desires to provide wastewater <br />finance and pricing services to County. <br />NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is <br />hereby acknowledged, the Parties agree to the terms and conditions set forth herein. <br />Article 1. Statement of Work <br />Contractor shall provide the services outlined in the Scope of Work attached hereto and <br />incorporated herein by reference to the same (Attachment A) to the County (the "Services"). The <br />date for completion of the Services called for in this Agreement is within one hundred and <br />twenty (120) days after the execution of this Agreement by both parties. <br />Article 2. Compensation <br />For the complete, satisfactory, and timely performance of the Services hereunder, Contractor will <br />be paid at the hourly billing rates listed below: <br />Position Hourly Billing_Rate <br />Vice President $200 <br />Manager $170 <br />Senior Consultant $160 <br />Administration $55 <br />Furthermore, the Contractor will be reimbursed for reasonable expenses incurred in performance <br />of the Services. For the Services outlined in the Scope of Work, the total professional fees and <br />expenses paid to the Contractor will not exceed $14,829. <br />Page 1 <br />