CHARITABLE VENTURES OF ORANGE COUNTY (11)

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N -2017-248-L � 1$ CITY OF SANTA ANA 0: CMO DONATION AGREEMENT WITH Julie Castro -Cardenas CHARITABLE VENTURES OF ORANGE COUNTY PARTIES AND DATE This Donation Agreement ("Agreement") is entered into on NOVEMBER 7, 2017 by and between the City of Santa Ana, a municipal corporation ("City") and CHARITABLE VENTURES OF ORANGE COUNTY (FISCAL SPONSOR FOR WILSHIRE SQUARE NEIGHBORHOOD ASSOCIATION), a California 501(c)(3) NON-PROFIT ORGANIZATION ("Recipient")..City and Recipient are sometimes individually referred to as "Party" and collectively as "Parties" in this Agreement. 2. RE, CITALS 2.1 Community Benefit, The City wishes to provide Recipient with funding to assist Recipient in HOSTING THE ANNUAL HOLIDAY PARADE WITHIN WILSHIRE SQUARE NEIGHBORHOOD ON DECEMBER 3, 2017, FREE. TO THE COMMUNITY ("Community Benefit"). The Parties wish to enter into this Agreement to establish the terms and conditions under which the City will provide funding. 2.2 Public P=ose. The City, by recommendation of COUNCILMEMBER VILLEGAS, believes there is a public purpose in supporting the Community Benefit because it PROVIDES ALL RESIDENTS WITH AN OPPORTUNITY TO ENGAGE IN A POSITIVE EVENT DURING THE HOLIDAY SEASON AND PROMOTES COMMUNITY PRIDE. The foregoing is a general description of the public purpose, and is not necessarily the only public purpose to be gained from the Community Benefit. 3. TERMS AND CONDITIONS 3.1 Use of Funds. The City has chosen to provide Recipient with a one-time payment of FIVE HUNDRED DOLLARS ($500), because the City has determined that there is a public purpose to be served in supporting the Community Benefit. In executing this Agreement and receiving the fiords, Recipient agrees to use the funds only for the purpose described and subject to the terms and conditions provided for in this Agreement. Should Recipient fail to use the funds for such purpose or otherwise comply fully with the terns of this Agreement, City shall have the right to terminate this Agreement and demand the retain of the funds pursuant to Section 3.2 below. 3.2 Term: Termination of Agreement. This Agreement shall take effect on the date first above written and remain in effect through Recipient's full expenditure of the funds. The City has the right to terminate this Agreement upon one day's notice, with or without cause. Should the City terminate this Agreement, it shall also have the right to demand the immediate retunu of all funds provided to Recipient pursuant to this Agreement, as well as interest at the rate of ten percent (10%) per annum. Notwithstanding the foregoing, the indemnification provisions of this Agreement shall survive any expiration or termination of this Agreement. Exhibit 27