DOWNTOWN INC. (5) - 2010 - Laserfiche WebLink

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INSURANCE N0`1 'r�EO' ilRED WORK MA`I i�R�aCEEC) CLLRK SMF COUNC!I.. pATF OCT 2 1 2010 BUSINESS IMPROVEMENT DISTRICT SERVICE AGREEMENT A-2010-205 This Agreement made and entered into this 16`h day of August, 2010, by and between the City of Santa Ana, a charter city and municipal corporation of the State of California ("City") and Downtown Incorporated, Inc., a California non-profit corporation ("DI"). RECITALS Pursuant to California Business Improvement District (BID) law (Streets and Highways Code section 36000 et. al.) as well as the requirements of the ordinance, resolutions and budget adopted thereto, the City annually receives and disburses BID funds. 2. The proposed 2010-2011 annual BID budget approved by the City's Community Redevelopment and Housing Commission serving the BID Advisory Board, allocates funds for ensuring a "clean and safe" downtown through supplemental security services. A number of business and property owners within the BID area have formed a private nonprofit corporation known as Downtown Incorporated, Inc., ("DI") in part, to better represent the interest of the downtown. DI has expressed interest in coordinating services for the BID. 5. DI 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 NS -1715 and the 2010-2011 Annual Report and Budget. 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: 1. CITY'S OBLIGATIONS Upon execution of this Agreement, City shall provide $1,297.37 to DI from the BID assessment proceeds, to be used for providing services in the BID area. The funds shall be used for the DI's "Clean and Safe" program it conducts under contract to the City as manager of the Downtown Community Management District. $566.40 of said funds are being held by DI from the previous agreement which expired June 30, 2010. The City shall provide the additional $727.97 of new money. 2. DI'S OBLIGATIONS A. DI agrees to use the BID Funds to as set forth in Paragraph 1, above.