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Pw~ s~-ml~ ~G4 <br />, <br />ORIGINAL SIGNATURES <br />' Sportsplex Agreement Orange County/LEDAHF ~ <br />COPY +~- ! d ~ Z <br />Agreement for Project Management Servic»s'I'. ~'~~ -- - - <br />This Agreement for Project Management Services is made and effective August 16"', 2005, by and <br />Orange County, North Carolina ("Orange County" or "Client") and the Linked Economic Development <br />and Affordable Housing Foundation, Inc. ("Project Manager", or "LEDAHF"). <br />1. Pumose. Orange County retains LEDAHF as its Project Manager for the acquisition, <br />development, construction, and operations of the Triangle Sportsplex and Northern Orange Senior <br />Center ("Sportsplex", or "Project"). LEDAHF agrees to provide such services in the proper manner <br />and represent the Client's interests to the best of its abilities, all according to the terms of this <br />Agreement. <br />2. Subject Matter. LEDAHF will act as Orange County's Agent and complete the following <br />described services: <br />a) Supervise and manage the full process of acquiring, constructing and establishing operations <br />of the Sportsplex to include but not be limited to: <br />1. Facilitation assistance for the County Staff; <br />2. Contract preparation and negotiation; <br />3. Due Diligence organization and supervision; <br />4. Financing structure planning and assistance; <br />5. Facilitation and supervision of the pre-construction, design and construction process; <br />6. Supervision of selected vendors and professional firms throughout this process to <br />include assistance to County Staff on financial controls through development and <br />construction; <br />7. Scheduling and critical path management; <br />8. Communications to Staff and its Board of County Commissioners ("BOCC"); <br />9. Facilitation and supervision of the transition operations period; <br />b) Provide documentation of the full process; <br />c) Attend all meetings and be reasonably available at all times for the County Staff and the <br />BOCC; <br />d) Execute any instructions as directed by County Staff. <br />3. Other Matters. This Agreement contemplates that the Project Manager will represent the <br />Client only with respect to the matters described above. Any other matters, except those incidental to <br />and necessarily related to the covered matters, shall not be performed by LEDAHF without the prior <br />written authorization and agreement with Orange County. <br />4. Fees. Client agrees to pay LEDAHF a fixed monthly fee ("Fee's in the amount of Four <br />Thousand Dollars ($4,000) for the services provided pursuant to this Agreement during the pre- <br />closing and pre-construction periods. During construction, the Fee will be the greater of $4,000 or <br />