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neighborhood associations, the Communication Linkage Forum (Com-Link), and <br />resident driven initiatives with access to the benefits of non-profit status under <br />federal tax law. <br />F. Charitable Ventures of Orange County ("CVOC") is a California non-profit public <br />benefit corporation located in Santa Ana that has been established to administer <br />donations received, provide oversight of sponsored projects and distribute grants <br />to meet the needs of the Orange County community. <br />Section 2. The City Council hereby authorizes the establishment of Grants for <br />Blocks as a restricted fund with Charitable Ventures of Orange County so that CVOC <br />may act as the fiscal sponsor of the Program. <br />Section 3. The City Council of the City of Santa Ana hereby authorizes and <br />empowers the Executive Director of the Community Development Agency or her/his <br />designee to execute in the name of the City of Santa Ana all necessary applications, <br />contracts, agreements, amendments and payments needed for the establishment and <br />maintenance of Grants for Blocks as a restricted fund with Charitable Ventures of <br />Orange County. <br />Section 4. The City Council hereby authorizes the transfer of the Grants for <br />Blocks funds from the current account with the Orange County Community Foundation <br />to Charitable Ventures Orange County. <br />Section 5. The City Council authorizes the Executive Director of the Community <br />Development Agency to receive and review recommendations from the Steering <br />Committee of the Community Development Resource Network, and ultimately give <br />approval as to which organizations or groups should be the recipients of the grants. In <br />the event the Steering Committee fails to exists, the Redevelopment and Housing <br />Commission shall serve in its place. <br />Section 6. This Resolution shall take effect immediately upon its adoption by the <br />City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />EXHIBIT 1 <br />55A-5