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A-2013-131 <br />MoM A Agreement <br />Charitable Ventures <br />of Orange County <br />FISCAL SPONSORSHIP <br />AGREEMENT BETW13EN <br />CHARITABLE VENTURES OF ORANGE COUNTY <br />AND <br />CITY OF SANTA ANA <br />ThigAgieeroppt, made Aqg4gt 1, 2013, by and between Cbarlta,ble Ventures of Orange County, a <br />California nonprofit public'benefit corporation located in Santa Ana, California, qualified as <br />exemprfrmll' federal income tax under §501 (c)(3) of the Intermil(Revenue Code (hereinafter <br />referred -to as,'CVOC"), and City of Santa Ana (hereinafter referred to as the "Committee"), <br />RECITALS' <br />A. Whereas, the, CoMmItteVs goal is to advance tboSollowing mission: To <br />theability to be well informed aboutite=,affecting their neighborhood and. <br />opporutnities to improve their community ( hereinafter referred to as the <br />` "Mission "). <br />E. Whereas, CVWs Baavd,of Directors <br />the chalrit4blo, purposes of the project ilkDownagSinda Ana Grants for Blocks <br />(hereinafter referredtoas the "ProjecV), that-Will beoperated primar-flytc), <br />o4vanco-tine Mission, and to maize disbursements in furtherance of the Mission, <br />C. Whereas, CVOC desires to act as ti le fiscal sponsor-oftho P1 <br />assets and I if carring,liabilities identified With the ftlpct b <br />'Effective bate asde0nedin Paragraph land rising Them to <br />educational goals,,,qp4totrunittee desiresto alimjAge the Projectunderthe <br />sponsorshiPof CVOC. <br />THEREFORE, inconsideration of heir mutual And M.sp0ct(va"promises, the pa e5 hereto <br />do hereby agu'e's follows: <br />), Term dAgcg"om, On Ati,gus,t 1, 2013 (hereinafter; referred to as the "Effective Date), <br />CVQC shall assunfe operation of , tile Project, Which operation Shall continue in effect far one (1) <br />year,, aulpmaocally renewing for one year periods thereafter,, unless earlier terminated <br />pursuafitto-PAra$r6ph 7 below; <br />