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Agenda - 02-07-2023; 8-i - Proposed Extension to Medline Industries, LP Incentive Performance Agreement Concerning the Company’s Employment & Investment Target Dates
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Agenda - 02-07-2023; 8-i - Proposed Extension to Medline Industries, LP Incentive Performance Agreement Concerning the Company’s Employment & Investment Target Dates
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2/2/2023 2:21:02 PM
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2/7/2023
Meeting Type
Business
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Agenda
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8-i
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Agenda for February 7, 2023 BOCC Meeting
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15 <br /> Attachment 2 <br /> NORTH CAROLINA <br /> CONTRACT AMENDMENT <br /> ORANGE COUNTY <br /> THIS CONTRACT AMENDMENT ("Amendment") is made and entered into this day of , 20 by <br /> and between ORANGE COUNTY (hereinafter referred to as "County") and MEDLINE INDUSTRIES, LP and MRE <br /> Propeo LP (formerly Medline Industries,Inc.)(hereinafter referred to as"Provider"). <br /> WITNESSETH: <br /> THAT WHEREAS, the County and Provider entered into a contract dated October 4, 2019, (hereinafter the "Original <br /> Agreement"), for the provision of services for incentivizing the Company's investment in Orange County; and <br /> WHEREAS, the County and Provider desire to amend the Original Agreement while keeping in effect all terms and <br /> conditions of the Original Agreement not inconsistent with the terms and conditions set forth below. <br /> NOW THEREFORE, for and in consideration of the mutual covenants and agreements made herein, the parties agree to <br /> amend the Original Agreement as shown below. <br /> 1. Pursuant to the terms of Section 6B the Commencement Date, as defined in Section 1D is amended to <br /> December 31, 2021 and the expiration date is amended to January 31, 2027. Other dates in the Original <br /> Agreement tied to rights and obligations of the parties are extended by one calendar year from the date <br /> reflected in the Original Agreement. <br /> 2. Except for the changes made herein, the Original Agreement shall remain in full force and effect to the extent <br /> it is not inconsistent with this Amendment. In the event there is a conflict between the terms of the Original <br /> Agreement and the terms of this Amendment,this Amendment shall control. <br /> IN TESTIMONY WHEREOF, this Amendment has been executed by the parties hereto, as of the date first above <br /> written. <br /> ORANGE COUNTY PROVIDER <br /> Chair Kate Slattery <br /> Orange County Board of Commissioners Vice President of Real Estate <br /> MEDLINE INDUSTRIES,LP <br /> MRE Propco,LP <br /> Revised 06/21 <br />
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