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DOWNTOWN INC. (6)-2018
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DOWNTOWN INC. (6)-2018
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Last modified
1/31/2018 11:15:32 AM
Creation date
1/31/2018 9:59:29 AM
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Contracts
Company Name
DOWNTOWN INC.
Contract #
A-2017-326
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
12/5/2017
Expiration Date
1/1/2019
Insurance Exp Date
12/7/2018
Destruction Year
2024
Document Relationships
DOWNTOWN INC. (2)
(Amended By)
Path:
\Contracts / Agreements\D
DOWNTOWN INC. (3)
(Amended By)
Path:
\Contracts / Agreements\D
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meanings: <br />(a) "City" means the City of Santa Ana, California. <br />(b) "City Council" means the City Council of the City. <br />(c) "City Manager" means the City Manager of the City or his/her designated <br />representative(s). <br />(d) "DMF" means Downtown Merchants Fund, a fund created from downtown parking <br />revenues to support marketing of the downtown. <br />(e) "DTP' means Downtown Incorporated, Inc., a California nonprofit corporation. <br />(f) "Board" means the Board of DTI. <br />§ 1.02 Term <br />This Agreement shall commence on the date first written above and terminate on <br />, 20__, unless terminated earlier in accordance with sections 4.02 or 4.05, <br />below. The Term of this Agreement shall be automatically renewed in one (1) year Renewal <br />Terms, unless terminated earlier in accordance with sections 4.02 or 4.05, below. <br />§ 1.03 Status of DTI <br />(a) By its execution of this Agreement, DTI warrants that it is duly incorporated under the <br />laws of the State of California and that true and correct copies of its Articles of incorporation and <br />Bylaws and a true and correct listing of DTI's officers and their terms of office, certified as such by <br />DTI's Secretary, have been filed with the Clerk of the Council. <br />(b) By its execution of this Agreement, City accepts and agrees to the organization of DTI as <br />set forth in the above said Articles of Incorporation and Bylaws. <br />§ 1,04 Compensation of DTI Board Members and Meetings <br />(a) Meetings shall be held on a quarterly basis with more meetings called at the discretion of <br />the DTI Board. When conducting meetings related to the DMF, members of the Board shall serve <br />without compensation other than reimbursement for expenses incurred by them in the course of the <br />performance of services for DTI when authorized by the DTI Board. <br />§ 1.05 Changes in Officers, Articles and Bylaws <br />DTI shall notify the Clerk of the Council of any change in the membership of the Board and <br />any change in the officers of DTI. Any amendment of DTI's Articles or Bylaws shall be filed with <br />the Clerk of the Council. <br />19 <br />
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