Agenda - 01-24-2005-5n - Laserfiche WebLink

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ROBERTS. SEGAL, CPA PA 3 EXPENSE REDUCTION & REVENUE ENHANCEMENT 1912 EASTCHESTER DRIVE SUITE 206 HIGH POINT, NC 27265 336.886 -2100 FAX 336. 886 -2101 www.segalcpa.com LETTER OF AGREEMENT Robert S. Segal, CPA, PA (SEGAL) and county of orange (CLIENT) hereby enter into this Letter of Agreement whereby SEGAL shall serve as a consultant to CLIENT to examine and analyze the following listed expenses /revenues of CLIENT and to make recommendations to achieve savings, credits, refunds or additional revenues, hereafter referred to as funds, in these areas: Any and all revenues and expenses SEGAL will furnish CLIENT with a written report as to recommendations that may be made in the above areas, CLIENT will then determine which (if any) of these recommendations CLIENT wishes to implement. SEGAL will then assist in the implementation of these recommendations to achieve the funds. Future savings and revenues are computed on a per unit basis. CLIENT agrees to pay SEGAL on each recommendation for funds which is implemented, a fee equal to fifty (50) cents of every dollar saved, credited, refunded or additional revenues during the 24 month period immediately following full implementation of the recommendation, This fee will be paid quarterly following the date of full implementation of the particular recommendation. SEGAL AGREES TO MAINTAIN IN STRICT CONFIDENCE ALL INFORMATION RECEIVED FROM CLIENT CONCERNING ITS EXPENSES AND METHODS OF DOING BUSINESS. FURTHERMORE, SEGAL ACTS AS A CONSULTANT ONLY AND DOES NOT RECEIVE ANY COMMISSIONS OR REMUNERATION OF ANY KIND FROM ANY VENDORS OR SERVICE PROVIDERS. The persons signing below are authorized to do so on behalf of their respective organizations. This Letter of Agreement shall be binding upon the parties hereto, their heirs, successors and assigns. This Letter of Agreement is entered into effective as of 19th day of October, 2004 CLIENT: 0 Title: