HomeMy WebLinkAbout2022-256-E-Economic Dev-Town of Chapel Hill Party-Joint CoStar realty information subscription FY-22-23 and FY-23-24- 1 -
MEMORANDUM OF UNDERSTANDING
BETWEEN
ORANGE COUNTY AND THE TOWN OF CHAPEL HILL
Funding for Joint CoStar Realty Information, Inc. Subscription
WHEREAS, North Carolina law authorizes counties to enter into agreements with third parties to
provide services under mutually agreed upon terms and conditions; and
WHEREAS, Orange County (“County”) and the Town of Chapel Hill (“Town”) wishes to
provide services or engage in joint economic development activities as designated herein, and its
residents and businesses would benefit from those services or activities.
NOW THEREFORE, the County and Town agree, through this Memorandum of Understanding
(“MOU”), to the following terms and conditions:
1. The County will pay the Town Nine Thousand Six Hundred Twenty-Six Dollars and
Sixty-Seven Cents ($9,626.67) for each fiscal year 2022-2023 and 2023-2024 up to and not
to exceed the total amount for both fiscal years of Nineteen Thousand Two Hundred Fifty-
Three Dollars and Thirty-Four Cents ($19,253.34). The funding will cover the cost for
Orange County to have two licenses (seats) through June 30, 2024 to CoStar Realty
Information, Inc. an online Real Estate Platform. CoStar Realty Information, Inc. provides
commercial real estate data and analytics, trends and future lookout for market, submarket, or
a custom set of commercial properties-with key performance indicators based market
research.
2. The Town shall invoice the County, in writing, each fiscal year. The County will then provide
to the Town annual funding to cover to cost of the County’s two licenses.
3. The County shall not be obligated to provide work, supplies, staffing, or other items or things
to the Town for the performance of its services or activities, unless otherwise outlined in the
request as referenced under point 2. No partnership, joint venture, or other relationship is
formed by entry into this MOU.
4. This MOU shall be effective from July 1, 2022 through and including June 30, 2024.
Wherefore the Parties hereto have set their hands and seals this 24 day of June, 2022.
________________________________ _________________________________
Orange County Manager Town of Chapel Hill
DocuSign Envelope ID: ECB2242C-85A9-4E2D-A57F-7C2EE347DF30
7/5/20227/5/2022
TOWN OF CHAPEL HILL ROUTING FORM
Vendor/Contractor Name:
Document Name/Title:
Department:
Contact Person:
Return To:
Department:
Date Received Initials
Purchasing & Contracts Mgr (Distribution and Mailing)
Date Forwarded
Department Head (Review & Approve)
Purchasing & Contracts Manager
Finance Officer (Per Budget Act)
Legal Review
Deputy/Town Manager (If Required)
Town Clerk (Attest, Date and Notarize)
Form Revised 12/2017 Please do not remove form if revisions to document are necessary
Deadline for Signing:G/L Account Number(s):
Notes/Explanation
Special Distribution Instructions
Vendor Mailing Address/Telephone
Contract Dollar Amount(s):
Phone Number:
Vendor #
Bid # (If applicable)
Contract #From Munis Contract Entry
Orange County
Economic Development
Laura Selmer
Laura Selmer
Economic Development
Revenue
MOU for economic development funds. Annual
payment from county to Town for license/access to
CoStar Real Estate software.
This MOU is valid for 2 years, and runs concurrently
with the Town's contract with CoStar.
A budget amendment in September will be required to
accept the funds.
This MOU is being routed through Docusign, per
County procedure.
$9,626.67/Year
x2742
11452
MOU- Licensing for CoStar Real Estate Software
N/A
DocuSign Envelope ID: ECB2242C-85A9-4E2D-A57F-7C2EE347DF30
6/24/20226/24/2022
6/24/20226/24/2022
6/27/2022 6/27/2022
6/27/20226/27/2022
7/5/20227/5/2022
7/5/2022 7/5/2022
Revised 07/20
ORANGE COUNTY—DEPARTMENT USE ONLY
______________________________________________________________________________
Party/Vendor Name: Town of Chapel Hill Party/Vendor Contact Person: Maurice Jones Contact Phone:
Party/Vendor Address: 405 Martin Luther King Jr. Blvd. City Chapel Hill State: NC Zip: 27514 Department:
Economic Development Amount: FY22-23 $9,626.67 and FY23-24 $9,626.67 for a total of $19,253.34 Purpose:
Joint CoStar Realty Information, Inc. Subscription FY22-23 and FY23-24 Budget Code(s): 34600120-611000 Vendor
# 64 (N/A if new vendor) Vendor is a BOCC consultant? Yes No Contract Type: (Check one) New
Renewal Amendment Effective Date 6/24/22 Approved by Board Yes No Agenda Date: N/A
This agreement is approved as to technical form and content and I as Department Director a ffirmatively state work on
this project has not been initiated prior to execution of the agreement:
Department Director’s Signature ________________________________________ Date: ________
Agreements for emergency services or repair are not subject to the above affirmation. If services related to this
agreement have already begun or been completed please briefly describe the nature of the emergency condition that
was addressed: N/A
Information Technologies
(Applicable only to hardware/software purchases or related services) This agreement has been reviewed and is
approved as to information technology content and specifications:
Office of the Chief Information Officer___________________________________ Date: ________
Risk Management
This agreement is approved for sufficiency of insurance standards, specifications, and requirements:
Office of the Risk Management Officer___________________________________ Date: _________
Financial Services
This instrument has been pre-audited in the manner required by the Local Government Budget and Fiscal Control Act:
Office of the Chief Financial Officer ____________________________________ Date: _________
Legal Services
This agreement is approved as to legal form and sufficiency:
Office of the County Attorney __________________________________________Date: ________
Clerk to the Board
Received for record retention:
All Docusign contracts must be copied to the Clerk upon completion: occlerkdocs@orangecountync.gov
The following signature block is for hard copies only and is not required for Docusign contracts:
Office of the Clerk to the Board __________________________________________Date:_________
DocuSign Envelope ID: ECB2242C-85A9-4E2D-A57F-7C2EE347DF30
7/5/2022
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