HomeMy WebLinkAboutDOWNTOWN INC. 12B -20157C
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q/ GATE; 0),2415 SECOND AMENDMENT TO OPERATING AGREEMENT
THIS SECOND AMENDMENT TO OPERATING AGREEMENT, made and entered
into on Au cc c,, 5 / Ch 2015, by and between the City of Santa Ana, a charter city and
municipal corporation duly organized and existing under the Constitution and laws of the State
of California, hereinafter referred to as "City," and Downtown Incorporated, Inc., a California
non - profit corporation, hereinafter referred to as "DTI."
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IQ RECITALS
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A. City and DTI entered into Operating Agreement #A -2013 -150, dated September 17,
0 2013, to (1) confirm that DTI will receive 50% of the assessments collected each
calendar year for which an assessment is levied, (2) to provide that DTI's use of the
assessment funds will be consistent with the requirements of NS -1715, generally, and
the approved calendar year's assessment report specifically, (3) to provide for
auditing of DTI BID Funds, and (4) ensure that DTI meetings are compliant with the
Ralph M. Brown Act [Government Code Sections 54950, et seq.].
B. City and DTI entered into Amended and Restated Operating Agreement #A -2014-
019, dated January 9, 2014, hereinafter referred to as "said Agreement ".
C. In accordance with the terms and conditions of said Agreement, the Parties desire to
increase the amount of and add funds to the "revolving fund" and address the
reimbursement process.
NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the
terms and conditions of said Agreement, except as herein modified, the parties agree as follows:
1. Section 2.01(f) shall be deleted in its entirety since the applicable timeframe has expired.
Section 2.01(g) shall be amended to increase the maximum amount of the "revolving
fund" account from $20,000 to $40,000. Consistent with the increase in the maximum
amount of this fund, the City shall add an additional $20,000 to the "revolving fund" for a
maximum total of $40,000.
3. Section 2.01(m) shall be amended to provide the City with three (3) weeks to process
reimbursement requests from DTI, which shall commence upon the City's receipt of
notice and all required documentation.
4. Except as hereinabove modified, all terms and conditions of said Agreement shall remain
in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to
Operating Agreement the date and year first above written.
ATTEST:
Get l✓ G�5"v
IbYAPIA D. [- CiJIZAR-
Clerk of the Council.
APPROVED AS TO FORM:
SONIA R. CARVALHO
City Attorney
By: °
Ryan
I
A. A
DAVI CAV
City Manager
DOWNTOWN INC,
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CERTIFICATE OF LIABILITY INSURANCE
IT[15 CER-11FICATC IS ISSUEO AS A NIAT7rP OF MrOWMAMON ONLY AND CONFERS NO RIGHTS UPON THE GFR71FICATE HOLIDEIl- TI-L`�,
CERTIFICATE DOES No'r AFFIRMATIVELY OR NFGA7[VELY AMEND, FXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES
BELOW. THIS CERTIFICATE OF [USGRANCE DOES NOT CONSTITUTE A CONTRACT BEIViCEN THE ISSUING INSURER(S), Atjl'110Rr7ED
REPRESENTATIVE ON PRODUCER, AND THE CERTIFICATE HOLDER.
—TNlPOFlffMTT If tho cortillcato holder f5 at) ADDITIONAL INSURED, tfio poffcy(ioo) must Ito, ondorzed. ll'SUBROGATION 18 WAIVED, subpct to tes
loons and of U10 poRcy' certain p611c1 @s Mdy rotIocro in ondoruemont. A stotem�nt on this cwtIfIcate clods not conte, rightl to tflo
cc-rdficato holdor In lieij of taw ondorzommit(s).
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