16. Recommendation that the Board of County Commissioners authorize the Chair to execute a settlement and release agreement between Washoe County and Madison AI, Inc., a Delaware corporation, reflecting the previous and ongoing collaboration between Washoe County and OnStrategy, Inc. in the development of intellectual property. Pursuant to the proposed agreement, Washoe County will receive a cash payment of five hundred thousand dollars ($500,000) and (ii) a ten (10) year non-exclusive, non-transferable, and royalty-free license to utilize the Platform and memorialized in a Software License Agreement to be executed contemporaneously with and contingent upon the execution of this Agreement, in consideration for (i) the ongoing and continuing product development, marketing, and sales services supporting the commercialization of the Platform a knowledge assistant for local governments to research, reference and generate documents based on County's code, board decisions, agendas, and policies. Manager's Office. (All Commission Districts.) FOR POSSIBLE ACTION