HomeMy WebLinkAboutBID-2004
AGREEMENT
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This AGREEMENT made this <flD day of J'«y{ember, 2004, by and between the CITY OF OSHKOSH, a
Wisconsin corporation, hereinafter referred to as "CITY", and the DOWNTOWN OSHKOSH BUSINESS
IMPROVEMENT DISTRICT, hereinafter referred to as "BID";
WITNESSETH:
WHEREAS, the City of Oshkosh was petitioned to establish a Business Improvement District; and
WHEREAS, on September 17, 1987, the City created the Downtown Business Improvement District; and
NOW, THEREFORE, for and in consideration of the mutual promises therein contained, the receipt and sufficiency of
which is hereby acknowledged, the parties agree as follows:
A. The BID shall contribute $19,300.00 to the Parking Utility Fund.
B. The BID authorizes the City, beginning April 1, 2005, and ending August 1, 2005, to transfer five (5) equal
installments of $3,860.00 from the BID's segregated account to the City Parking Utility Fund.
C. The term of this Agreement is from January 1, 2005 to December 31,2005 unless the BID is terminated pursuant to
Section 66.1109, Wis. Stats.
D. If the BID is terminated prior to the end of the term of this Agreement, the City shall reimburse the BID on a pro rata
basis based on the number of months left in the term of this Agreement.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year above written.
DOWNTOWN OSHKOSH BUSINESS
IMPROVEMENT DISTRICT
BY~U
NORMAN PACKER, CHAIRMAN
AND:
JA
CITY OF OSHKOSH
BY:?!/¡ ~
RICHARD A. WOLLANGK, CITY MANAGER
AND: {ft~ J:J~(' ~ .
P. [L. . UBllli:t, CITY CLERK~~'f()-ft(f-
CITY CLERK'S OFFICE
2005 Parking Utility Agreement