HomeMy WebLinkAboutResolution - 5575 - Amendment To Agreement - Lubbock Arts Alliance Inc - Grant Program - 06_26_1997a
Resolution No.5575
Item #81
June26, 1997
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to
execute for and on behalf of the City of Lubbock with Lubbock Arts Alliance, Inc., Amendment
to the Agreement dated April 24, 1997, and any associated documents for implementation of a
grant program in support of the arts. A copy of said Amendment is attached hereto and as spread
upon the minutes of this Council shall constitute and be a part of this Resolution as if fully
copied herein in detail.
Passed by the City Council this 26 . ch day of
ATTEST:
Kaytly,Darnell, City Secretary
APPROVED AS TO CONTENT:
Connie Gibb ns, ultural Arts Services Manager
ALW/dVccdocwLAAIAMD.RES
June 6, 1997
June 1997.
I
Resolution No.5575
Item #81
June 26j 1997
STATE OF TEXAS §
COUNTY OF LUBBOCK §
WHEREAS, the City of Lubbock (hereinafter called "City") and the Lubbock
Arts Alliance, Inc., a non-profit Texas corporation (hereinafter called "Alliance") entered
into and Agreement dated April 24, 1997 (hereinafter called "Agreement'); and
WHEREAS, the City and Alliance have determined that the Agreement should be
amended to change the amount of moneys which may be used to pay estimated
administrative costs of the disbursement of funds.
NOW THEREFORE, the Parties do hereby agree as follows:
THAT Paragraph 3 of the Agreement be amended in its entirety to read as
follows:
3. From the moneys paid by the City, ELEVEN THOUSAND EIGHT
HUNDRED SEVENTY TWO AND 02/100 DOLLARS ($11,872.02)
(which represents ten percent (10%) of the Funds) may be used to pay the
estimated administrative costs of the disbursement of the Funds. The
balance of that payment shall be deposited pending disbursement to
application grantees in an interest bearing account at a depository of the
Alliance's choosing. The principle amounts of the installments only shall
be expended as approved, with the interest being reported to the City at the
end of the term of this Agreement (but retained by the Alliance for the
funding of future grant applications.)
THAT the original Agreement executed by and between the Parties on April 24,
1997 shall in all things remain in full force and effect in accordance with its terms, save
and except this Amendment heretofore set forth, which Amendment shall supersede the
Agreement entered into between the Parties and be effective for the balance of the term of
said Agreement.
This Amendment shall take effect on the date of execution by the Parties hereto.
EXECUTED ON THIS 26th THE DAY .Tune
THE CITY OF LUBBOCK
ATTEST:
ItaytiffDarnell,,City Secretary
OF 1997
LUBBOCK ARTS ALLIANCE, INC.
APPROVED AS TO CONTENT:
Connie Gibbons, al s Services Manager