Res 1999-189 - Laserfiche WebLink

Home Browse Search

Page 2 D. The Chamber shall authorize and make expenditures of funds under this Agreement ("ED funds") in conformity with the Minority Economic Development budget approved by the City Council and attached to this Agreement as Exhibit A. E. On or before June 1,2000, the Chamber shall provide a performance report to the City describing the extent to which the mission described in Section 1.A. above has been accomplished. F. The Chamber shall provide quarterly reports of its activities to the City, including the following information: 1. List of new prospect contacts. 2. List of pending prospects with status of each. 3. Summary description of staff activity. 4. Monthly and year-to-date revenues and expenditures. G. Purchases made with ED Funds which exceed $1000 in amount shall be made from the low responsible bidder, and at least three bids shall be obtained for each such purchase. Purchases with ED Funds shall not be restricted to Chamber members. Chamber Board members shall not have an ownership interest in any company from which a purchase or purchases of $7,500 or more annually are made with ED Funds. Chamber Board members shall disclose any private interests they have in matters coming before the Chamber Board for decision when action on the matter may have a special economic effect on those interests, and they shall abstain from the discussions and votes on those matters. H. The Chamber shall not discriminate against any person, firm or organization in connection with this Agreement on the basis of ability to pay, age, sex, disability, race, nationality, or religion. 1. The Chamber shall not assign any interest in this Agreement nor delegate the performance of any of its duties without the prior written consent of the City. 2. OBLIGATIONS OF THE CITY A. The City shall pay to the Chamber the sum of$37,915.62 in installments of$18,957.81 each on October 29, 1999 and April 28, 2000. B. Prior to any continuation or renewal ofthis Agreement, the City shall have the right to conduct a performance audit of Chamber activity under this Agreement.