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2012-069 Finance - Ferrell Firm for Legal Services $17,500
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2012-069 Finance - Ferrell Firm for Legal Services $17,500
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7/5/2012 2:14:52 PM
Creation date
3/22/2012 4:53:06 PM
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Date
3/22/2012
Meeting Type
Work Session
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Contract
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Mgr S
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2012-069 S Finance - Ferrell Firm $17,500
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2012
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r • <br />other matters relating to the Praject, including preparing deeds of trust, deeds, leases, closing <br />statements, etc., or groviding any legal advice to the County as to the Project whatsoever. <br />My fee for all work done pursuant to this agreement is a flat fee of $17,500.00. The <br />County understands and specifically agrees that: <br />1. the flat fee is the entire payment for ~he specifred legat work to be performed by the f~rm <br />regardless of the amount of time that it takes the frm to perform the legal work; <br />2. the flat fee will be earned by the firm immediately upon payment and will be deposited in the <br />ftrm's business account rather than a irust account; and <br />when our xepresentation ends, you ivill not be entitled to a~•efund of any portion of the flat fee <br />unless: <br />(a) the legal work is not completed, in which event a proportionate refund may be owed, or <br />(b) it can be demonstrated that the flat fee is clearly excessive under the circuinstances. <br />I will engage a title abstractor to collect the necessary documen~s from the office of the <br />Register of Deeds. The ~ee quoted above includes any and all chazges for the title abstract <br />services, document reproduction, travel, etc., other than as discussed below. The County will pay <br />all fees due my firm on the day of closing. The County will also arrange to deliver the recording <br />fees and tax stamps necessary to record any and all transaction documents in the Orange County <br />Registry to me on the day of closing. <br />Please note that costs of the survey (if any), environmental reports, insurance premiums, <br />tax stamps, recording fees, etc., are NOT included in the legal fee quoted above. I will let the <br />County know the cost of t11e recording fees and title insurance premium on or before the closing. <br />In the event the County requires additional representation prior to closing or additional <br />legal work not referenced in this letter becomes necessary, then I will perform such work at your <br />request at my normal hourly rate of $200 per hour. Any such request will be documented with <br />an amendment to this letter of agreement. <br />Please understand that I must charge for all work performed even if this transaction fails <br />for any reason. <br />Please do not hesitate to contact me with any questions or concerns regarding this letter. <br />I look forward to working with you on this transaction on beh~f the County. <br />~"rrell <br />FIRM <br />
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