HomeMy WebLinkAbout2024-404-E-Economic Dev-Town of Chapel Hill-Joint CoStar realty information FY-24-26
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 Seven Thousand Five Hundred and Eight Dollars ($7,508)
for each fiscal year 2024-2025 and 2025-2026 up to and not to exceed the total amount for both
fiscal years of Fifteen Thousand and Sixteen Dollars ($15,016). The funding will cover the
cost for Orange County to have one license (seat) through June 30, 2026 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 one license.
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, 2024 through and including June 30, 2026.
Wherefore the Parties hereto have set their hands and seals this 24 day of June, 2024.
_____________________ _____________________
Orange County Manager Town of Chapel Hill
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Docusign Envelope ID: B293E388-72D5-42D8-BEF9-8F99E5A8C9A4
7/15/20247/23/2024
Vendor/Contractor Name:
Vendor #
Orange County
11452
Document Name/Title:
Bid # (If applicable)
MOU- FY 25&26 Costar Reimbursement
N/A
Department: Economic Development
Return To: Sarah Potter
Contract #
From Munis Contract Entry
TOWN OF CHAPEL HILL ROUTING FORM
Date Received Date Forwarded Initials
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)
Purchasing & Contracts Mgr (Distribution and Mailing)
Deadline for Signing: G/L Account Number(s):
Revenue
Contract Dollar Amount(s):
$15,016 Special Distribution Instructions
Notes/Explanation
MOU for economic development reimbursement for
FY25&26. The MOU amount of $15,016 will be
divided over the course of two fiscal years.
This funding is provided to Economic Development
for access to Costar Services.
This MOU is being routed through DocuSign
according to County procedures.
Vendor Mailing Address/Telephone
Form Revised 12/2017 Please do not remove form if revisions to document are necessary
Print Form
Department: Economic Development
Contact Person: Sarah Potter
Phone Number: x2740
13165
Docusign Envelope ID: B293E388-72D5-42D8-BEF9-8F99E5A8C9A4
6/20/2024 6/20/2024
6/24/2024 6/24/2024
6/24/2024 6/24/2024
7/15/2024 7/15/2024
7/15/2024 7/15/2024
7/16/20247/16/2024
Revised 01/24
1
ORANGE COUNTY—INTERNAL USE ONLY
______________________________________________________________________________
Finance Information
Vendor Name: Town of Chapel Hill Vendor Contact Person: Chris Blue Phone: 919-968-2743 Address: 405
Martin Luther King Jr. Blvd. City Chapel Hill State: NC Zip: 27514 Department: Economic Development
Amount: FY24-25 $7,508 and FY25-26 $7,508 for a total of $15,016 Purpose: Joint CoStar Realty Information,
Inc. Subscription FY24-26 Budget Code(s): 34600120-611000 Vendor # 64
Vendor Status with NCSOS: Current-Active Vendor is a BOCC consultant: Yes No
Contract Details
Contract Type: New Amendment (Original Contract: ) (Most Recent Amendment )
Effective Date 7/1/24 End Date 6/30/26 Notice Date (Notice Purpose )
Award
Approved by Board (Agenda Date: ); Made or Administered by
Signature Authority
- BOCC Express Delegation (Agenda Date: )
- Policy 9.4: Under $5,000; Service Under $90,000; Construction Under $250,000
- Budget Policy Section XV (Capital Improvement Project: )
Bidding
Informal Bidding ($30k-$90k); Formal RFP ($90k+); Other (<$30k); Exception(# )
Department Affirmation
This agreement is approved as to technical form and content and I as Department Director affirmatively state work
on this project has not been initiated prior to execution of the agreement.
This agreement is approved as to technical form and content. Services related to this agreement have alread y
begun or been completed. Description of the nature of the emergency condition that was addressed:
Department Director’s Signature ________________________________________ Date: ________
Information Technologies
This agreement has been reviewed and is approved as to information technology content and specifications:
Office of the Chief Information Officer___________________________________ Date: ________
Inapplicable because no hardware/software purchases or related services
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
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:
Received for record retention:
Office of the Clerk to the Board __________________________________________Date:_________
Docusign Envelope ID: B293E388-72D5-42D8-BEF9-8F99E5A8C9A4
7/16/2024
7/18/2024
7/18/2024
7/18/2024