DOWNTOWN SANTA ANA BUSINESS COUNCIL - 2008

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INSURANCE NOT REQUIRED WORK MAY PROCEED CLERK F COON IL DATE: AUG ~ 5 200 A-2008-056 . C r ~1 ~ -1 ~~,, ~, i L:~ C4~~ i1 AGREEMENT BETWEEN THE CITY OF SANTA ANA AND DOWNTOWN SANTA ANA BUSINESS COUNCIL TO PROMOTE AND MARKET ~~ DOWNTOWN SANTA ANA This Agreement made and entered into this 7`f' day of April, 2008, by and between the City of Santa Ana, a charter city and municipal corporation of the State of California ("City") and Downtown Santa Ana Business Council, a California corporation ("DSABC"). WITNESSETH Recitals: Pursuant to California Business Improvement District (BID) law (Streets and Highways Code section 36000 et. al.) as implemented by Ordinance NS-1715, and related resolutions and budgets adopted thereto, the City annually receives and disburses BID funds. 2. The approved 2008 annual BID budget allocates funds for promotions and marketing in the Downtown Santa Ana BID area in addition to other expenditures for the benefit of the assessment area. A number of businesses in the BID area have formed DSABC in part to better represent the interest of the downtown. This non-profit corporation has expressed interest in participating in the marketing and promoting downtown Santa Ana. DSABC represents that it is qualified and willing to operate a downtown Santa Ana marketing and promotional program. DSABC certifies that the activities carried out with funds provided under this Agreement will meet one or more of the BID activities as set forth in Ordinance NSA 1715. WHEREFORE, for and in consideration of the respective and mutual covenants hereinafter contained and made, and subject to all the terms and conditions hereof, the parties hereby agree as follows: I. CITY'S OBLIGATIONS Upon this Agreement becoming effective, City shall provide $136,000 to DSABC from funds allocated in the 2008 BID Annual Report, to be used for marketing and promotional programs ("the Funds"). $31,000 of the Funds shall be monies transferred to DSABC in 2006 but unexpended.