CHARITABLE VENTURES OF ORANGE COUNTY (19)

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N-2018-172-02 SEP 2 0 2010 p: CMO (J } CITY OF SANTA ANA DONATION AGREEMENT WITH CHARITABLE VENTURES OF ORANGE COUNTY FISCAL SPONSOR FOR WILSHIRE, SQUARE NEIGHBORHOOD ASSOCIATION 1. PARTIES AND DATE This Donation Agreement ("Agreement") is entered into on AUGUST 21, 2018, by and between the City of Santa Ana, a municipal corporation ("City") and CHARITABLE VENTURES OF ORANGE COUNTY FISCAL SPONSOR FOR WILSHIRE SQUARE NEIGHBORHOOD ASSOCIATION a California 501(c)(3) NON-PROFIT ORGANIZATION ("Recipient"). City and Recipient are sometimes individually referred to as "Party" and collectively as "Parties" in this Agreement. 2. RECITALS 2.1 Community Benefit, The City wishes to provide Recipient with funding for the WILSHIRE SQUARE NEIGHBORHOOD ASSOCIATION TO PROMOTE UNITY, STRENGTHEN FRIENDSHIPS AND REINFORCE THE QUALITY OF LIFE AND LOVE IN THE COMMUNITY ("Community Benefit"). The Parties wislr to enter into this Agreement to establish the terms and conditions under which the City will provide funding, 2.2 Public Purpose. The City, by recommendation of MAYOR PRO TEM MARTINEZ believes there is a public purpose in supporting the Community Benefit because it assists the WILSHIRE SQUARE NEIGHBORHOOD ASSOCIATION'S 22" ANNUAL PICNIC AND CONCERT HELD ON JULY 28, 2018. THE EVENT WAS FREE TO THE COMMUNITY, AND KEPT THE TRADITION OF GATHERING NEIGHBORS TO CELEBRATE DINING AND MUSIC UNDER THE STARS AND RECONNECT WITH THE COMMUNITY. The foregoing is a general description of the public purpose, and is not necessarily the only public purpose to be gained from the Community Benefit. 3. TERMS AND CONDITIONS 3.1 Use of Funds. The City has chosen to provide Recipient with a one-time payment of FIVE HUNDRED DOLLARS ($500:00), because the City has determined that there is a public purpose to be served in supporting the Community Benefit. In executing this Agreement and receiving the fcurds, Recipient agrees to use the funds only for the purpose described and subject to the terms and conditions provided for in this Agreement. Should Recipient fail to use the funds for such purpose or otherwise comply fully with the terms of this Agreement, City shall have the right to terminate this Agreement and demand the return of the fiords pursuant to Section 3.2 below. 3.2 Term; Termination of Agreement. This Agreement shall take effect on the date first above written and remain in effect tbrougb Recipient's full expenditure of the funds. The City has the right to tenninate this Agreement upon one day's notice, with or without cause. Should the City terminate this Agreement, it shall also have the right to demand the immediate return of all funds provided to Recipient pursuant to this Agreement, as well as interest at the rate of ten percent (10%) Exilibit 2