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~~~T <br />NAY CTS <br />AGENCY 130AR® MEETING IRATE: <br />MARCH 7, 2011 <br />TITLE: <br />CIUARTERLY REPORT OF CONTRACTS <br />ENTERED INTO HY THE EXECUTIVE <br />DIRECTOR <br />INTERIM tECUTIVE DIRECTOR <br />REC®MMEN®E®A.C°fl®N <br />AGENCY SECRETARY USE ONLY; <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1s` Reading <br />^ Ordinance on 2ntl Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />Receive and file the Quarterly Report of Contracts entered into between October 1 and December <br />31, 2010, valued at $25,000 and less. <br />DISCUSSION <br />On October 6, 2008, the Agency Board of Directors increased the Executive Director's authority to <br />execute agreements from an amount not to exceed $10,000 to $25,000. This is the same <br />authority granted to the City Manager by the voters through a Charter Amendment in November of <br />2006. The authority granted to the Executive Director required the submission of a quarterly report <br />to the Agency Board at a public meeting on all such agreements. The report is required to include <br />the names of contractors and the amounts of each contract. <br />Exhibit 1 is a listing of all agreements entered into between Qctober 1 and December 31, 2010, <br />valued at $25,000 and under. Agreements valued at greater than $25,000 require approval by the <br />Board of Directors. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Susan Gorospe <br />Management Analyst <br />Community Development Agency <br />NTE/SG/mlr <br />3-1 <br />Exhibit: 1. 4th Quarter Report of Contracts <br />