Orange County NC Website
Docusign Envelope ID : 177AA06A-30B442FF-A85A-78B5A7C51DBE <br /> EXHIBIT B MANAGER COMPENSATION <br /> During the Term of this Agreement , Manager shall receive compensation from the <br /> Owner subject to annual appropriation according to the following : <br /> 1 . Base Management Fee <br /> L Base Management Fee . Beginning July 1 , 2025 and continuing thereafter on <br /> the first day of each month throughout the remainder of the Term , Owner shall pay a <br /> monthly fee to Manager (the " Base Management Fee " ) in equal monthly installments of <br /> $ 16 , 197 . 00 per month . Each installment will be due and payable on the first day of each <br /> successive month . The initial Base Management Fee for the term year ending June 30 , <br /> 2026 shall not exceed $ 194 , 364 . 00 Dollars . <br /> (a ) Beginning July 1 , 2026 and annually thereafter on July 1 of each succeeding <br /> year of the Term the Base Management Fee shall be adjusted annually to <br /> reflect changes in the Consumer Price Index for the Southern region ( CPI ) as <br /> maintained by the Bureau of Labor Statistics . <br /> ( b ) The Base Management Fee shall increase if the CPI increases and shall <br /> decrease if the CPI decreases . Any such increase or decrease based on the <br /> CPI shall not exceed 5 % . <br />