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Reso 2002-131 to 135
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Reso 2002-131 to 135
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
12/31/2002
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ACTIA 2002-26.01 <br />(28) To publish, at least annually, an article either in the SPONSOR's newsletter or in <br />ACTIA's quarterly newsletter, highlighting PROJECTS in which funds received by SPONSOR <br />from ACTIA are being used. <br />(29) That upon request from ACTIA through SPONSOR's administrative officer or <br />designated staff, to render a report or answer any and all inquiries in regard to its receipt, <br />compliance audit findings, and usage of its funds before ACTIA's Governing Board, the Citizens <br />Watchdog Committee (CWC) and/or Citizens Advisory Committee (CAC). <br />(30) That in the event PROJECTS are not completed, to repay ACTIA any funds expended by <br />ACTIA above its proportionate share of eligible costs for the PROJECTS as in EXHIBIT "D", <br />Appendix C, "Policy Regarding ACTIA Funds Spent or Allocated to Projects that are Later <br />Removed from the Plan". Payment to ACTIA shall be made with interest based on the current <br />County Investment Pool rate, and shall be made within five (5) years of the time a project is <br />deleted from the PLAN. In the event that such payments are not made, ACTIA will withhold all <br />other funds due SPONSOR from ACTIA until such debt has been eliminated. In the event that a <br />project is not completed due solely to a shortfall in the ACTIA revenues proposed for that <br />project, this article (30) will not apply. <br />SECTION II <br />ACTIA AGREES: <br />(1) That increased costs in individual PHASES of PROJECTS will be eligible for <br />reimbursement if the SPONSOR provides a funding plan indicating that funds from other <br />PHASES or other sources are available to assure that the delivery of the PROJECTS will not be <br />jeopardized due to the increase in that PHASE. <br />(2) Allocated ACTIA funds may be expended in total prior to expenditure of SPONSOR <br />funds subject to the conditions included in this AGREEMENT. <br />(3) To program funds for reimbursement to SPONSOR in the ACTIA Annual Strategic Plan <br />as close as possible to the years detailed in the SPECIFIC AGREEMENT. <br />Page 9 <br />
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