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HomeMy WebLinkAboutReso 1972-6603RESOLUTION NO. 6603 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE FIRST AMENDMENT TO THE AGREEMENT BETWEEN THE CITY OF CHULA VISTA AND THE CHULA VISTA VISITORS AND CONVENTION BUREAU, INC. FOR ADVERTISING AND PROMOTIONAL SERVICES FOR FISCAL YEAR 1972-73, AND A PROMISSORY NOTE FROM SAID BUREAU SECURING AN INTEREST FREE LOAN IN THE AMOUNT OF $7,500.00, AND AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT The City Council of the City of Chula Vista does hereby resolve as follows: NOW, THEREFORE, BE IT RESOLVED that that certain amendment to the agreement between the CITY OF CHULA VISTA, a municipal corporation, and the CHULA VISTA VISITORS AND CONVENTION BUREAU, INC., for advertising and promotional services for fiscal year 1972-73, dated the 12th day of September , 1972, a copy of which is attached hereto and incorporated herein, the same as though fully set forth herein be, and the same is hereby approved. BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista be, and he is hereby authorized and directed to execute said amended agreement for and on behalf of the City of Chula Vista. BE IT FURTHER RESOLVED that that certain promissory note executed by the CHULA VISTA VISITORS AND CONVENTION BUREAU, INC., in the sum of $7,500.00 for an interest free loan, payable on demand after ninety (90) days, dated the 12th day of September of which is attached hereto and incorporated herein, the same9as~thoughy fully set forth herein be, and the same is hereby approved. ,.BE IT FURTHER RESOLVED that said sum of $7,500.00 is hereby authorized to be expended from the amount heretofore appropriated for assistance to the CHULA VISTA VISITORS AND CONVENTION BUREAU, INC., pursuant to that certain agreement dated July 18, 1972. Presented by Approved as to form by ~ ~ ~ ~; Geor D. Lindberg, City At ney George D. ndberg, City Attorne RESOLUTION N0. 6603 ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, this 12th day of September , 19'I2 , by the following vote, to-wit: AYES: Cauv~cti.~men HOBEL, HAMILTON, HYDE, EGDAHL, SCOTT NAYES : Ca ut~c~.~.mevt NONE ABSENT: Caunc~..~men NONE a yan ~ ~y ~h e C.c~y o ~ hu~.a V ~ ~a ATTE S T r-~ _~t~~L ~~ ~~ ~~~- ti ~ e STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, J~NNI~ M. FULASZ, C.c.~y C2enFz ~~ the C~.~y a~ C~.u~2a V,~~,xa, Ca~~.~atcv~,~a, ~U H~R~By C~RTI ~y ~ha~ the above a~.d ~c~negc~ti~.g ti~ a ~yu.~.~, ~nue avid cannec~ c~~y a{~ and ~h.a~ ~h.e same hay nc~~ beev~ ame~.ded etc ~ce~ea~.ed. DAT~1J: C~.~y .den FIRST AMENDMENT TO AGREEMENT WITH THE CHULA VISTA VISITORS AND CONVENTION BUREAU, INC. FOR ADVERTISING AND PROMOTIONAL SERVICES FOR THE FISCAL YEAR 1972-1973 THI5 AMENDED AGREEb~IENT, made and entered into this 12th day of September , 1972, by and between the City of Chula Vista, a municipal corporation, hereinafter referred to as "City", and the Chula Vista Visitors and Convention Bureau, Inc., a non-profit corporation, hereinafter referred to as "Bureau": W I T N E S S E T H^ WHEREAS, the City of Chula Vista and the Chula Vista Visitors and Convention Bureau, Inc. have heretofore entered into an agreement, dated July 18, 1972, to provide advertising and promotional services for fiscal year 1972-73, and WHEREAS, said agreement provided a total amount of $13,590.00 for said purposes to be expended for general operating expenses, payable on a quarterly basis, and for general advertising and special project expenses, payable on a matching fund basis, and WHEREAS, at budget time, it was determined that certain of these funds would be expended on a matching fund basis, and in fact as indicated by the Bureau $4,400.00, declared to have been expended on such a matching fund basis pursuant to the understanding with the City Council, was not so expended. NOW, THEREFORE, in consideration of the premises, and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: It has now been determined by mutual consent of the parties to said agreement that all payments scheduled to be paid in accordance with the terms and conditions of said agreement be, and the same are hereby terminated and all funds appropriated for said purposes remaining in said account be and the same are hereby frozen to and until such time as this agreement may be further amended. It is further understood and agreed that the City shall loan to the Bureau the sum of $3,100.00 on an interest free basis and shall consider the earlier sum of $4,400.00 utilized for purposes other than the matching fund purpose stipulated in the contract as a loan for a total sum of $7,500.00 on an interest free basis for a period of ninety (90) days. Said sum of $3,7-00.00 shall be used by the Bureau for the purpose of paying outstanding indebtedness and reorganization of the operation of the Chula Vista Visitors and Convention Bureau, Inc. in order to perform those functions for which it was established and for which the City of Chula Vista has made contributions of public funds. Said total loan of $7,500.00 is secured by a promissory note, attached hereto and incorporated herein by reference as if set forth in full. IN WITNESS WHEREOF, the parties hereto have caused this amended agreement to be executed the day and year first hereinabove set forth. THE CITY OF CHULA VISTA CHULA VISTA VISITORS AND CONVENTION BUREAU, INC. PROMISSORY NOTE At Chula Vista, California September. 12 , 1972 On or after ninety (90~ days from the date of execution of this promissory note, on demand, for value received, the CHULA VISTA VISITORS AND CONVENTION BUREAU, INC., a non-profit corporation, promises to pay in lawful money of the United States of America, to the order of the CLTY OF CHULA VISTA, at 276 Fourth Avenue, Chula Vista, California, the principal sum of Seven Thousand Five Hundred Dollars, ($7,500.00). In the event of commencement of suit to enforce payment of this note, the CHULA VISTA VISITORS AND CONVENTION BUREAU, INC. agrees to pay such. additional sum as attorneys' fees as the court may adjudge reasonable. CHULA VISTA VISITORS APdD CONVENTION BUREAU, INC., a non-profit corporation, 710 E Street Chula Vista, California BV : ~ 'f T_ ~ l~ By: