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STATE OF NORTH CAROLINA COUNTY OF LEE CONTRACT FOR INSPECTIONS SERVICES First Amendment to the Contract for Inspections Services between the County of Lee and the City of Sanford On October 15, 2013, the parties entered into a contract for inspections services. The Parties have agreed to amend the contract for inspection services in the following respects only: Term number 4 of the contract, COMPENSATION, shall be replaced with the following: 4. The County will nay to the City an amount equal to fifty percent (50%) of the actual operating loss which will be calculated by subtracting the actual revenues from the actual expenditures in the budget. The City Finance Officer and the County Finance Officer will reconcile the Department budget after June 301 of the fiscal year to determine the amount of actual loss Any such loss will be paid on _a 50-50 basis and remitted to the City by January 1 of the following fiscal year. If there is a profit instead of a loss. 50% of the actual profit will be remitted to the County by January 1 of the following fiscal year. It is the intention of the parties that this amendment be retroactive to the 2015-2016 Fiscal Year. and any amount be paid by May 1 2017 Except as otherwise modified herein, the remainder of the contract between the City and County for inspections purposes dated October 15, 2013 remains in full force and effect. In witness whereof, the parties have executed the amendment.. County of Lee By: yl� Am Dalrymple, a' Lee County Board of Commissioners ttest: e,'Clerk to the Board City of Sanford By: Chet MaAn, Mayor Attest: �;A - jkm"�r-� o e Davis, City Clerk Date: Date: 4"1-&-1-7 1- &-1 %