HomeMy WebLinkAboutOAMC 4/4/1988 AGREEMENT
The City of Oshkosh, herein referred to as "CITY", and the
Oshkosh Association of Manufacturers and Commerce, herein
referred to as "OAMC", agree as follows:
1. The City shall:
A. Provide funding of $25, 000. 00 to OAMC for the 12-
month period from March 1, 1988 through February 28,
1989 .
(1) Funding for this period shall be paid with
1988-89 Community Development Block Grant
funds. Should said funds not be received by
the City, this Agreement shall be null and
void.
(2) Funds to be released monthly, in advance, upon
receipt of proper invoice.
B. Provide personnel to administer the Commercial
Rehabilitation Program.
C. Provide general consulting service to OAMC as it is
capable of doing so.
2 . OAMC shall:
A. Develop and promote an economic development program
which shall consist of both commercial and
industrial development, and provide a description of
the Program which shall, at a minimum, include:
scope of services, intended beneficiaries, time
period of program, and performance goals and
schedules.
B. Promote the Oshkosh Commercial Rehabilitation
Program and act as a review board to encourage
coordinated rehabilitation of commercial buildings
in the Program area.
C. Maintain records which adequately identify the use
of the Block Grant funds and ensure compliance with
applicable regulations.
D. Provide the City with an operating budget and an
annual audited financial statement.
E. Provide quarterly reports, beginning June 1, 1988,
which include the following information:
(1) CDBG funds expended.
(2) Type and amount of service provided.
(3) Progress towards performance goals.
F. Cooperate and provide information necessary for the
City to monitor this activity.
3 . If the City or OAMC is unable to meet their full
responsibility under the terms of this Agreement,
adjustments to this Agreement may be mutually agreed
upon.
4 . Should it be determined by the City that OAMC is not
performing in accordance with this Agreement and the
applicable Department of Housing and Urban Development
regulations, the City at its discretion can terminate
this Agreement and recover funds allocated under this
Agreement.
IN WITNESS THEREOF the arties hereunto set their hands and
seals as of this L`� p ''
� day of ( l{) tA L , 1988 .
WITNESS: OSHKOSH ASSOCIATION OF
MANUFACTURERS AND COMMERCE
...--_.;e,g'w, Sle■r■ '''"4".(-
- -i7/ / JOHN CARROLL, PRESIDENT
TIM CASEY
EXECUTIVE VICE-PRESIDENT
WITNESS: CITY OF SHKOSH
0,,co,,r4, A (DA ro)
WILLIAM D. RUSH
CITY MANAGER
hliii IA.)DONNA C. SERWAS, CITY CLERK
APPROVED AS TO FORM: APPROVED AS TO FUNDING
AVAILABILITY:
■ ,
ti��1 ►�'� j � - ,Q C(S�
ARREN P. KRA EDWARD A. NOKES
ASSISTANT CITY ATTO' EY FINANCE DIRECTOR