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INSURANC; NO f l'ei)l!!Ya(iC) <br />VllOHK N11AY P; OC,� Fx'J) <br />ti� *1 -I10)061 nt <br />OCT 2 7 2037 ' <br />a{ %76A U <br />5", A-V ld-,^ E', ,44a <br />A-2013.131-01 <br />0 <br />CharitableVentures <br />of Oninge Courcy <br />AMENDED <br />FISCAL SPONSORSHIP <br />AGREEMENT BETWEEN <br />CHARITABLE VENTURES OF ORANGE COUNTY <br />AND <br />THE CITY OF SANTA ANA <br />This Amended Agreement, made May 19, 2017, by and between Charitable Ventures of Orange <br />County, a California nonprofit public benefit corporation located in Santa Ana, California, qualified as <br />exempt from federal income tax under §501(c)(3) of the Internal Revenue Code (hereinafter referred <br />to as "CVOC"), and the City of Santa Ana, by and through the Neighborhood Initiative Program <br />(hereinafter referred to as the "City"). <br />RECITALS: <br />A. Whereas, the City previously entered Agreement #A-2013-131 with CVOC dated <br />August 1, 2013. The parties hereto now desire to update said Agreement. City's goal is <br />to continue to advance the following mission: To promote community solutions, <br />capacity building and civic engagement so residents have the ability to be well <br />informed about items affecting their neighborhood and opportunities to improve their <br />community (hereinafter referred to as the "Mission"). <br />B. Whereas, CVOC's Board of Directors has approved the establishment of a restricted <br />fund to receive donations of cash and other property earmarked for the charitable <br />purposes of the project known as Santa Ana Grants for Blocks (hereinafter referred to <br />as the "Project"), that will be operated primarily to advance the Mission, and to make <br />disbursements in furtherance of the Mission. <br />C. Whereas, CVOC desires to act as the fiscal sponsor of the Project, by receiving assets <br />and incurring liabilities identified with the Project beginning on the Effective Date as <br />defined in Paragraph 1 and using them to pursue the Mission, which CVOC's Board has <br />determined wilt further CVOC's charitable and educational goals, and City desires to <br />manage the Project under the sponsorship of CVOC. <br />THEREFORE, in consideration of their mutual and respective promises, the parties hereto do <br />hereby agree as follows: <br />1. Term of Agreement, On June 1, 2017 (hereinafter referred to as the "Effective Date"), CVOC <br />shall assume operation of the Project, which operation shall continue in effect for one (1) year, <br />automatically renewing for one (1) year periods thereafter, unless earlier terminated pursuant to <br />Paragraph 7 below. <br />1905 E. 17th Street, Suite 101, Santa Ana, CA 92705 <br />Tel: 714.597-6630 Fax: 714.647,0901 <br />info@charitableventuresoc.oig www.charitableventuresoc.org <br />