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7 <br /> STATE OF NORTH CAROLINA PERFORMANCE AGREEMENT <br /> COUNTY OF ORANGE OPERATIONAL SUPPORT <br /> This Contract is made and entered into by and between the " Town of Chapel Hill" , herein " Town" , <br /> and the " Chapel Hill/ Orange County Visitors Bureau, 501 West Franklin Street, Suite 104 , Chapel <br /> Hill , NC 27516 , herein " Contractor" , for services hereinafter described for the Town of Chapel <br /> Hill . This Contract is for monetary support for operation of a visitor ' s center in Chapel Hill . <br /> WITNES SETH <br /> That for and in consideration of the mutual promises and conditions set forth below, the Town and <br /> Contractor agree : <br /> WHEREAS , the 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 thereby <br /> 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 /> 1 . Duties of the Contractor : The Contractor agrees to perform those duties described in <br /> Exhibit A attached hereto and incorporated herein by reference . <br /> 2 . Duties of the Town : The Town appropriated the sum of Two Hundred Thousand Dollars <br /> ($200 , 000) to the Contractor for the fiscal year 2019 -2020 . The Town will also pay the <br /> Contractor 50 % of any additional revenues collected in the event that hotel/motel <br /> occupancy receipts exceed the budgeted amount of $ 1 , 000 , 000 during the Town ' s fiscal <br /> year 2019 -2020 . The Town does not obligate itself to provide any other support to <br /> Contractor this fiscal year or in succeeding years . <br /> 3 . Fee Schedule and Maximum Sum : Contract amount is not to exceed $ 200 , 000 , unless <br /> occupancy receipts exceed $ 1 , 000 , 000 (see paragraph 2) . Payments of $ 50 , 000 each will <br /> be made on or after the following dates : July 1 , 2019 ; October 1 , 20190 January 1 , 2020 ; <br /> and April 1 , 2020 . The Town ' s obligation to make each payment is contingent upon <br /> receiving satisfactory documentation and account of expenditures as detailed in Exhibit A . <br /> 4 . Work Statement : Contractor agrees to provide those services described in Exhibit A <br /> attached hereto and incorporated herein by reference , to residents and visitors of Chapel <br /> Hill and to maintain a high level of professionalism in the provision of these services . <br /> Small Service Contract Revised 10/2017 Page 1 of 6 <br />