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<br />per year for five years, within 30 days from receipt of matching funds in each year, as a <br />matching contribution to the amount Orange County is able to raise in each such year. <br />Currently, Orange County receives $8,000 in matching funds (for a total of $43,000) each year <br />through its concession stand naming rights with Emerge (formerly Triangle) Orthopedics. <br /> <br />One change in the new agreement is a lowered cap on the amount of matching funds the <br />County may receive from Sports Endeavors for other donations and funding received for the <br />Center. At the time of the expiration of this new contract term in 2024, Orange County expects <br />to have an expanded Soccer.com Center. This would be taken into consideration in the potential <br />renewal discussions at that time. <br /> <br />SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br />with this item. <br /> <br />RECOMMENDATION(S): The Manager recommends that the Board approve the renewal of <br />the naming rights agreement, pending any final review from the County Attorney, and authorize <br />the Chair to sign the agreement. <br />2