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2 <br />STATE OF NORTH CAROLINA PERFORMANCE AGREEMENT <br />COUNTY OF ORANGE <br />This Agreement is made and entered into by and between the Town of Chapel Hill, herein <br />"Town ", and the and Chapel Hill /Orange County Visitors Bureau, 501 West Franklin Street, <br />Suite 104, Chapel Hill, NC 27516, herein "Contractor" for services hereinafter described for the <br />Town of Chapel Hill. This contract is for a comprehensive visitor services program targeted <br />toward providing services to potential visitors to Chapel Hill and Orange County for FY 2014- <br />15. <br />WITNES SETH <br />That for and in consideration of the mutual promises and conditions set forth below, the Town <br />and Contractor agree: <br />WHEREAS, Contractor agrees to provide a comprehensive visitor services program targeted <br />toward providing services to potential visitors to Chapel Hill and Orange County; and <br />WHEREAS, the Contractor shall use Town funds for general operational support and to provide <br />visitor services; and <br />WHEREAS, it is in the interest of the Town that said program be assisted by the Town and <br />thereby be available to the residents and visitors of the Town; <br />NOW, THEREFORE, in consideration of the above and the mutual covenants and conditions <br />hereinafter set forth, the Town and Contractor agree as follows: <br />Duties of the Contractor: The Contractor agrees to perform those duties described in <br />Work Statement of this Agreement. <br />2. Town Support: The Town appropriated the sum of One Hundred Seventy Five Thousand <br />Dollars ($175,000) to the Contractor for the fiscal year 2014 -2015. The Town will also <br />pay the Contractor 50% of any additional revenues collected in the event that hotel/motel <br />occupancy receipts exceed the budgeted amount of $985,000. The Town does not <br />obligate itself to provide any other support to Contractor this fiscal year or in succeeding <br />years. <br />3. Payment and Documentation: Contract amount not to exceed $175,000, unless Town <br />occupancy receipts exceed $985,000 (See paragraph 1). Payments of $43,750 each will <br />be made on or after the following dates: July 1, 2014; October 1, 2014; January 1, 2015; <br />and April 1, 2015. The Town's obligation to make each payment is contingent upon <br />receiving satisfactory documentation and accounting of expenditures as detailed in the <br />attached Work Statement. <br />Small Service Contract Format Revised 9/2013 Page 1 of 5 <br />