Cooperative Endeavor Clause Samples
Cooperative Endeavor. Amendment No. 772 of the Alabama Constitution of 1901, as amended (the “Constitution”), provides that, for a valid and sufficient public purpose, a municipality may grant public funds and things of value in aid of or to any corporation, public or private, for the purpose of promoting the economic and industrial development of the municipality. The Parties desire to enter into this Memorandum as a cooperative endeavor under the Constitution for the purpose of promoting the economic and industrial development of the City for the mutual benefit of the Parties. The development and continued operation of the Property constitutes a public purpose for the expenditure of public funds.
Cooperative Endeavor. A. Goals and Objectives The City of Baton Rouge and Parish of East Baton Rouge, through the OCD, is administering Community Planning and Development (CPD) grant programs as an entitlement jurisdiction of the U. S. Department of Housing and Urban Development (HUD). The OCD prepares an annual Action Plan for CPD grant programs (the “Program”). The BBRRDA is a political subdivision of the State of Louisiana created under Louisiana Revised Statute 33:4720.151 in 2007 with a purpose of providing a public body with the authority to redevelop, renew, salvage and reconstruct blighted and distressed areas within East Baton Rouge Parish, including entering into intergovernmental agreements in order to achieve its purposes.