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prior to the closing. I will make every effort to provide the parties with a draft ol'the closing <br /> statement no less than 24 hours prior to the closing date. Following the closing, I will update <br /> title and record the deed at the office of'the Register of Deeds and prepare a final title opinion. <br /> Fees and Billing for Services Performed <br /> Ferrell Firm. P.C. will charge the County for work, performed on this matter at our normal <br /> hourly rates. with the total fee not to exceed $1.000.00. The hourly rate for Brian Ferrell is <br /> $225.00 per hour and the rate for work performed by Claire Sauls is$16 .00 per hour. <br /> Please note that costs of'survey, environmental reports, insurance premiums, tax stamps, <br /> recording fees. etc.. are NOT included in the legal fee quoted above. In the event the County <br /> requires representation prior to closing or additional legal work not referenced in this letter <br /> becomes necessary (such as work associated with clearing any title defects). then Ferrell Firm <br /> will perform such work at the County*s request at our normal hourly rates <br /> Please understand that we must charge for all work performed even if this transaction <br /> fails for any reason. Please do not hesitate to contact me with any questions or concerns <br /> regarding this letter. I look forward to working with you both on this nsaction oil behalf of the <br /> County. <br /> Sincerelv. <br /> working t <br /> ere <br /> "I you u "o on this a <br /> A3ri -errell <br /> )R T E FIRM <br /> The legal services engagement described herein is understood and agreed to: <br /> Orange County, North Cilrolula <br /> I r) <br /> Bv: <br /> _T_rTink CV&n"' <br /> Orange County INI,nager <br /> Date: <br /> This instrument has been pre-audited in the manner required by the Local Government Budget <br /> and Fiscal Control Act. <br /> Orange County Finance Director <br />