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f�'�"Ill , tulaE NO-r 1'E(A' )IFif q A-2019.052 <br />l,UNX C CC.>Uiut"Y <br />T+" PARTICIPATION AGREEMENT FOR THE CITY OF SANTA ANA <br />APR 0 4 2039 VEHICLE INCENTIVE PROGRAM WITH <br />SANTA ANA <br />FRANCHISED VEHICLE DEALERS <br />�foI'G J1,Br�t+1• <br />This Participation Agreement for the City of Santa Ana's Shop Santa Ana Vehicle <br />Incentive Program ("Agreement") is entered into this /`"'day of March, 2019, by and between <br />the City of Santa Ana, a charter city and municipal corporation organized and existing under the <br />Constitution and laws of the State of California ("City"), and Franchised Vehicle Dealers located <br />in the City of Santa Ana ("Dealership(s)"), all collectively referred to hereafter as the "Parties." <br />RECITALS <br />1. The Parties desire to implement a City of Santa Ana Vehicle Incentive Program ("VIP") <br />whereby the City shall reimburse the amount of $500.00 to Santa Ana residents and licensed Santa <br />Ana businesses for the purchase or lease of a new or pre -owned vehicle from a participating <br />Dealership in the City of Santa Ana pursuant to the terms defined herein. This Agreement will <br />govern the process of reimbursement to participating Dealerships that provide a corresponding <br />discount on the purchase or lease price of any qualifying new or pre -owned vehicle purchased in <br />the City of Santa Ana by a resident of the City of Santa Ana or licensed Santa Ana business. <br />2. The Dealerships participating in the VIP shall include: Audi South Coast; Crevier BMW; <br />Crevier Mini; Freeway Honda; Guaranty Chevrolet; Lincoln South Coast; Subaru Orange Coast; <br />Tom's Truck Center; Volkswagen South Coast; and, Volvo of Orange County. <br />3. bate Progratn: The City of Santa Ana hereby agrees to provide to the participating <br />Dealerships a rebate of $500.00 per qualifying new or pre -owned vehicle, with a minimum sale <br />price of $1.5,000, purchased or leased by a resident of the City of Santa Ana or licensed Santa Ana <br />business, provided: <br />A. The Dealership documents the sale or lease of the new or pre -owned vehicle to an <br />eligible City of Santa Ana, resident or licensed Santa Ana business under the <br />program guidelines; <br />B. Discounts the purchase or lease price of the qualifying new or pre -owned vehicle <br />an additional amount of $500 from the agreed upon purchase price; and, <br />C. Dealership to submit all required rebate forms to the City monthly after an initial <br />90 -day commencement period on July 1, 2019 providing rebate request and <br />corresponding proof of sale document under the program guidelines established by <br />the City for administration of the VIP. <br />Page 1 of 5 <br />City of Santa Ana Vehicle Incentive Prograin <br />