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HomeMy WebLinkAboutReso 1977-8963RESOLUTION NO. 8963 RESOLUTION OF THE CITY COUNCIL OF'fiHE"ChTY OF CHULA VISTA, APPROVING AGREEMENT BETWEEN THE CITY OF CHULA VISTA AND THE SOUTH BAY ECONOMIC DEVELOPMENT CORPORATION IN REGARD TO THE EXPENDITURE OF CITY FUNDS APPROPRIATED 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 agreement between THE CITY OF CHULA VISTA, a municipal corporation, and THE SOUTH BAY ECONOMIC DEVELOPMENT CORPORATION, in regard to the expenditure of City funds appropriated dated the 3rd day of January 1978 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 agreement for and on behalf of the City of Chula Vista. Presented by Lane F. Cole, City Manager ~~~;~ ~'-~~~ ' Georg Lindberg, City Att ey ADOPTED AND APPROVED by the CITY COUNCIL of the CITY OF CHULA VISTA, CALIFORNIA, this 3rd day of January , 1978 , by the following vote, to-wit: AYES: Councilmen Scott, E~dahl, Hobel, Cox, Hyde NAYES: Councilmen I1one ABSENT: Councilmen None _~:J'L~JC ~` ~ Mayor of the City of C u a Vista ATTES . City C erk STATE OF CALIFORNIA) COUIv~I'Y OF SAN DIEGO) ss . CITY OF CHULA VISTA) of Chula true and not been I, , City Clerk of the Vista, California, DO HEREBY CERTIFY that the above is a correct copy of Resolution No. and that the same amended or repealed. DATED Approved as to form by City Clerk City full, has ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, this 3rd day of January 197 8 by the following vote, to-wit: AYES: Councilmen Cox, Hyde, Scott, Egdahl, Hobel NAYES~ Councilmen None ABSTAIN: Councilmen None ABSENT: Councilmen None _ 1~.M ~ . Mayor of the City of la Vista ATTES City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of DATED (seal) CC-660 ,and that the same has not been amended or repealed. City Clerk AGREEMENT SETTING OUT TERMS AND OBLIGATIONS OF THE SOUTH BAY ECONOMIC DEVELOPMENT CORPORATION IN REGARD TO THE EXPENDITURE OF CITY FUNDS APPROPRIATED THIS AGREEMENT, made and entered into this 3rd day of January , 1978 by and between THE CITY OF CHULA VISTA, a municipal corporation, hereinafter referred to as "City" and THE SOUTH BAY ECONOMIC DEVELOPMENT, CORPORATION, a nonprofit organization, hereinafter referred to as "Corporation"; W I T N E S S E T H WHEREAS, the Mayor's Economic Advisory Committee, of ter extensive investigation, has recommended that the City financially support the South Bay Economic Development Corporation, and WHEREAS, the City Council of the City of Chula Vista has heretofore determined that the South Bay Economic Development Cor- poration will provide valuable assistance in coordinating economic development activities in the City of Chula Vista and neighboring communities and has appropriated the sum of $5000 to assist said Corporation, and WHEREAS, the City Council of the City of Chula Vista con- curs with the basic purposes of said Corporation and desires to encourage the promotion and enhancement of economic growth, prosperity and employment opportunities in the San Diego County South Bay area, and WHEREAS, the appropriation of funds to assist said organi- zation comports with the requirements of a policy of the City Council established by Resolution No. 6327, subject to the formulation of an agreement setting out the terms and obligations for the use of said funds, and WHEREAS, the South Bay Economic Development Corporation, a nonprofit organization, organized under the laws of the State of California, has heretofore been created for the purpose of improving and strengthening the economy and livability of Chula Vista and the South Bay area, and WHEREAS, the Corporation has developed a general program of work which includes researching the economic assets and liabilities of the South Bay and conducting information, assistance and advocacy projects intended to create business opportunities and reduce chronic unemployment, and WHEREAS, City is able to influence the activities of the Corporation by means of an official representative (nominated by the Mayor) who serves on the Corporation Board of Directors, and WHEREAS, the interests of the City are better served by an agreement with the Corporation than by the performance of such a program by the City. NOW, THEREFORE, IT IS MUTUALLY AGREED BY AND BET~nTEEN THE PARTIES HERETO AS FOLLOWS: 1. The City shall pay the sum of five thousand dollars ($5,000.00), in two quarterly allotments, to the Corporation. Payment is contingent upon the Corporation submitting an annual budget and specific work program to the City which delineates by category or expense the purposes for which City funds will be expended subject - 1 - to the terms and conditions that Corporation shall bill for and receive from the City two thousand five hundred dollars ($2500.00) on ox' about January 10, 1978, and another two thousand five hundred dollars ($2500.00) on or about April 10, 1978. 2. It is agreed that prior to any disbursement of City funds, Corporation shall submit in writing a declaration, signed by a responsible officer, that said organization does not engage in any discriminatory practices either de jure or de facto and that the national policy of racial and ethnic equality, is fully supported. 3. The City Manager of the City is designated as the contract administrator of this agreement, and shall receive and process all reports and requests for payment. 4. The Corporation agrees that the City may, upon due notice,inspect all books and records of the organization and perform such audits as the City reasonably desires. 5. On or before August 15, 1978, the Corporation shall file with the contract administrator an audited financial state- . ment relating actual revenues and expenditures to budget estimates for the period of this agreement. Corporation shall also submit a written report of its accomplishments during the same time frame. 6. Unless exempted by the contract administrator, the Corporation shall submit an audit by a Certified Public Accountant upon the resignation, retirement or discharge of the managing agent or a majority change in the membership of the Board of Directors. A copy of said audit shall be filed with the City before any further public funds are released to the Corporation. 7. The City may withhold funds from the Corporation and/or terminate the entire obligation upon notice if the terms of this agreement are violated or other good cause is shown. 8. The term of this agreement shall be from July 1, 1977 through June 30, 1978. IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed the day and year first hereinabove set forth. THE CITY OF CHULA VISTA SOUTH BAY ECONOMIC DEVELOPMENT CORPORATION Mayor the City of^Ch~u Vista ATTE S T V/ i -' City Clerk Approved as to form by ' ity A rney Donald W. Perry, Secre r