Orange County NC Website
Browse       Search
MEMORANDUM OF UNDERSTANDING <br />BETWEEN <br />ORANGE COUNTY VISITOR’S BUREAU AND THE <br />TOWN OF CHAPEL HILL <br />Funding for Joint CoStar Realty Information, Inc. Subscription <br />WHEREAS, North Carolina law authorizes counties to enter into agreements with third parties to <br />provide services under mutually agreed upon terms and conditions; and <br />WHEREAS, Orange County Visitors Bureau (“County”) and the Town of Chapel Hill (“Town”) <br />wishes to provide services or engage in joint economic development activities as designated herein, <br />and its residents and businesses would benefit from those services or activities. <br />NOW THEREFORE, the County and Town agree, through this Memorandum of Understanding <br />(“MOU”), to the following terms and conditions: <br />1.The County will pay the Town Five Thousand One Hundred and Sixty Dollars ($5,160) for <br />the fiscal year 2023-2024. The funding will cover the cost for Orange County Visitor’s Bureau <br />to have one license (seat) through June 01, 2024, to CoStar Realty Information, Inc. STR <br />Benchmarking. STR Benchmarking provides hospitality and hotel occupancy data and industry <br />benchmarking reports. <br />2.The Town shall invoice the County, in writing, each fiscal year. The County will then provide <br />to the Town annual funding to cover to cost of the County’s license. <br />3.The County shall not be obligated to provide work, supplies, staffing, or other items or things <br />to the Town for the performance of its services or activities, unless otherwise outlined in the <br />request as referenced under point 2. No partnership, joint venture, or other relationship is <br />formed by entry into this MOU. <br />4.This MOU shall be effective from June 01, 2023, through and including June 01, 2024. <br />Wherefore the Parties hereto have set their hands and seals this _31st_ day of __May___, 2023. <br />________________________ _________________________ <br />Orange County Manager Town of Chapel Hill <br />-1 - <br />DocuSign Envelope ID: F0E3C587-2A4F-4485-8E7C-1838EFB72794 <br />6/9/2023