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2023-271-E-Visitors Brueau-Town of Chapel Hill-License seat CoStar realty information
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2023-271-E-Visitors Brueau-Town of Chapel Hill-License seat CoStar realty information
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Last modified
6/29/2023 2:57:48 PM
Creation date
6/29/2023 2:57:38 PM
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Contract
Date
5/31/2023
Contract Starting Date
5/31/2023
Contract Ending Date
6/2/2023
Contract Document Type
Contract
Amount
$5,160.00
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DocuSign Envelope ID: FOE3C587-2A4F-4485-8E7C-1838EFB72794 <br /> 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 Visi_t_or'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 day of , 2023. <br /> CDocuSigned by: <br /> fjDlnl A, 11A.►MW Lk4/9/2023 <br /> 0637994B755E477... <br /> Orange County Manager T n of thapel Hill <br /> - 1 - <br /> 1 <br />
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