RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding the purchase of materials, construction services, and plant materials for the Xxxxxxxx Xxxx Garden in the amount of $500,000.
B. Foundation shall appoint one representative to assist the City Project Coordinator in obtaining bids, plans, permits, etc., and to serve as advisor on any design or construction decisions.
C. Foundation agrees that once the Xxxxxxxx Xxxx Garden is constructed, it will become the property of the City and the ongoing maintenance of the Xxxxxxxx Xxxx Garden will be the responsibility of the City.
D. Foundation agrees that once the Xxxxxxxx Xxxx Garden is constructed, future maintenance will be the responsibility of the City, however, the Foundation may assist in funding the maintenance or enhancing the maintenance in partnership with the City.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding the construction and furnishings for the dairy barn silos in the amount of $750,000.
B. Foundation shall appoint one representative to assist the City Project Coordinator in obtaining bids, plans, permits, etc., and to serve as advisor on any design or construction decisions.
C. Foundation agrees that once the Dairy Barn Silos are constructed, it will become the property of the City and the ongoing maintenance of the Dairy Barn Silos will be the responsibility of the City.
D. Foundation agrees that once the Dairy Barn Silos are constructed, future maintenance will be the responsibility of the City.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding of a portion of the purchase and installation of sculpture currently known as “Blackbird” by Xxxxx Xxxxx as outlined in the attached budget (Appendix A) not to exceed $70,000.
B. Foundation shall appoint two representatives to assist the City Arts Coordinator to serve as advisors on any design or installation decisions affecting the amount of the Foundation’s funding. These representatives shall be appointed by the Foundation President from the memberships of the Foundation Board of Directors and the Friends of Overland Park Arts Executive Committee.
C. Foundation will make grants to the City on a monthly basis according to itemized invoices provided by the Arts Coordinator.
D. Any increase(s) in the amount of funds to be provided by the Foundation shall require approval of the Foundation.
E. Foundation shall provide the City with a timetable for the payment of any increased funds it may agree to pay.
F. Foundation agrees that once the sculpture is installed, it becomes the property of the City and the ongoing maintenance of the installation will be the responsibility of the City.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding the purchase of materials, construction services, and plant materials for the Train Garden in the approximate amount of $400,000.
B. Foundation shall appoint one representative to assist the City Project Coordinator in obtaining bids, plans, permits, etc., and to serve as advisor on any design or construction decisions.
C. Foundation agrees that once the Train Garden is constructed, it will become the property of the City and the ongoing maintenance of the Train Garden will be the responsibility of the City.
D. Foundation agrees that once the Train Garden is constructed, future maintenance will be the responsibility of the City, however, the Foundation may assist in funding the maintenance or enhancing the maintenance in partnership with the City.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for the complete funding of the construction of the Serenity Pointe garden as outlined in the attached budget (Appendix A) not to exceed $169,736.00
B. Foundation shall partially fund the construction of the Xxxxxxxx Xxxx Garden retaining wall as outlined in the attached budget (Appendix A) not to exceed $23,750.00 The total cost of the retaining wall is estimated to be $138,750.00.
C. Foundation shall appoint two representatives to assist the City’s Parks Services Project Coordinator to serve as advisors on any design or construction decisions affecting the amounts of the Foundation’s funding. These representatives shall be appointed by the Foundation President from the memberships of the Foundation Board of Directors and/or the Friends of the Arboretum Executive Committee.
D. Foundation will make grants to the City on a monthly basis according to itemized invoices provided by the Project Coordinator.
E. Any increase(s) in the amount of funds to be provided by the Foundation shall require approval of the Foundation.
F. Foundation shall provide the City with a timetable for the payment of any increased funds it may agree to pay.
G. Foundation agrees that once the Serenity Pointe garden and the Rose Garden retaining wall are constructed, they are the property of the City and their ongoing maintenance will be the responsibility of the City.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for contracting with a construction company to construct a fountain in Founders Park at Corporate Xxxxx. The fountain is to be constructed in accordance with the design, site location, and total budget of $300,000 as approved by the Overland Park City Council on April 10, 2006. The construction company selected by the Foundation to construct the fountain shall be approved by the Corporate Xxxxx Office Park.
B. Foundation shall work in partnership with the Corporate Xxxxx Office Park to raise at least $200,000 in cash and/or in-kind services to construct the fountain. Upon receipt of the cash portion of the $200,000 and a binding commitment for the in- kind services portion of the $200,000, if any, the Foundation shall provide documentation of such to the City and request in writing to the City Manager to transfer $100,000 from the City Contingency Fund to the Foundation.
C. Foundation shall be responsible for administering the construction contract, approving and paying all invoices, providing for full accounting of all expenses and expenditures, and approving the final work.
D. Foundation shall be responsible for involving the City in the design, location, and access to the pumping systems, drains, lighting, electrical controls, water meters, etc., to provide ease of maintenance.
E. Foundation agrees that once the fountain is constructed and accepted by the City, it will become the property of the City and ongoing maintenance and operation of the fountain shall be the responsibility of the City.
RESPONSIBILITIES OF FOUNDATION. 1. The Foundation agrees that, during the term of this Agreement, the Foundation will use its best efforts to solicit, collect, invest (see District Policy 609)and administer funds for the Foundation , which shall be used to enrich the educational programs and facilities of the District. Only donations designated for Foundation operations may be used in that manner.
2. The Foundation agrees that for the fiscal year ending June 30, 2018, the Foundation shall raise in gifts and/or commitments an amount equal to or greater than $120,000, with the intent that in the remaining two years of this agreement that the amount will increase and the funds will be transferred to the District in a timely manner.
3. The Foundation agrees that it will require its board members and volunteers and the District personnel and contractors providing services to the Foundation to follow applicable policies and procedures of the District when representing the District or the Foundation in any capacity.
4. The Foundation agrees that it will continue to recognize the District as the sole beneficiary of its fundraising program.
5. The Foundation has fiduciary responsibility for the operation of the Foundation and the authorization of the expenditures of funds for District approved purposes.
6. The Foundation shall collect and authorize such funds to be used for educational programs and facilities in alignment with the District’s fundraising/development priorities.
7. The Foundation shall conduct its activities in such a manner to maintain its status as a tax exempt, charitable organization under state and federal laws.
8. The Foundation shall consult with the District before accepting any gift for the benefit of the District that contains restrictive terms or conditions. The Foundation understands that the School Board has the final authority to accept or reject any donation per Board policy 913.2.
RESPONSIBILITIES OF FOUNDATION. 2.1. In addition to providing a material benefit to the District through the Foundation Services, as additional consideration to the District, the Foundation agrees to pay the District a fixed annual fee of $40,000.00 (paid in equal installments on a quarterly basis) for office occupancy at the District and related utilities, those services described in this Agreement, and a portion of the base salary cost for District staff support time as outlined in Section I. This fee shall not be contingent or subject to fluctuation. The material benefit hereinabove mentioned includes but is not limited to---the Foundation shall pay the proceeds from endowment earnings, subject to market fluctuations as described below, and from other fundraising activities, less any amounts required to operate the Foundation, directly to District programs through the District Auxiliary Services Foundation or to scholarships to current and graduating students at the Napa Valley College. In each case, such payments shall be pursuant to the instructions given by the donor for that portion of the endowment. "Endowment earnings" includes amounts earned from the Foundation's current endowment and from any additions to said endowment. The parties acknowledge that earnings shall be determined by the current UPMIFA percentages or any future revision or replacement thereto. The parties acknowledge that the endowment is invested in securities and these may fluctuate in value, so that the amounts realized from earnings may vary from year to year. The Foundation Services are an enforceable obligation of the Foundation and if the Foundation reduces or eliminates significantly these Foundation Services, the District may proportionally reduce its support provided to the Foundation described in Section 1 of this Agreement.
2.2. The Foundation shall solicit gifts, where appropriate, in the name of the Napa Valley College Foundation. Its correspondence, solicitations, activities, and advertisements concerning the Napa Valley College Foundation shall be clearly discernible as being from the Foundation, but in concert and cooperation with Napa Valley College promotional efforts.
2.3. The Foundation shall conduct its activities in such a manner as to maintain its status as a tax exempt, charitable organization under the state and federal tax laws, and be responsible for maintaining any legal, financial, or accounting services, if required in addition to those limited activities outlined as District respon...
RESPONSIBILITIES OF FOUNDATION. A. Simultaneous with the execution of this Agreement, Foundation shall execute the Confidentiality Agreement.
B. SHF shall complete the monitoring of DLP’s compliance with the Post-Closing Covenants for calendar year 2013 based on the criteria set forth in this Agreement, and generate a report on such compliance by August 15, 2014.
C. Annually, Foundation, through its Chair, shall consult in good faith with Monitor prior to issuance of the Monitor Report to provide input the Foundation may have with regard to DLP’s satisfaction of the Post-Closing Covenants and any objective evidence the Foundation believes supports a finding of material Covenant Non-Compliance. If Foundation notifies Monitor of a belief that DLP has failed to satisfy any of the Post-Closing Covenants, Foundation shall provide the same notification in writing to DLP, together with all objective evidence the Foundation believes supports a finding of material Covenant Non-Compliance.
D. All input provided by Foundation to the Attorney General regarding the Monitor Report shall be provided in good faith.
RESPONSIBILITIES OF FOUNDATION. A. Foundation shall be responsible for funding the construction and furnishings for the General Store, Education Pavilion and Ice Cream Parlor as outlined in the attached budget (Appendix A) not to exceed $899,290.00. At the time of the signing of this agreement, the Foundation has $719,290.00 designated for this project. The remaining $180,000.00 will be collected by June 30, 2011.
B. Foundation shall appoint two representatives to assist the City Project Coordinator to serve as advisors on any design or construction decisions affecting the amount of the Foundation’s funding. These representatives shall be appointed by the Foundation President from the memberships of the Foundation Board of Directors and the Friends of the Farmstead Executive Committee.
C. Foundation will make grants to the City on a monthly basis according to itemized invoices provided by the Project Coordinator.
D. Any increase(s) in the amount of funds to be provided by the Foundation shall require approval of the Foundation.
E. Foundation shall provide the City with a timetable for the payment of any increased funds it may agree to pay.
F. Foundation agrees that once the General Store, Education Pavilion and Ice Cream Parlor are constructed, they will become the property of the City and the ongoing maintenance of the facilities will be the responsibility of the City.
