SR 06:113 - Laserfiche WebLink

TVBCEC and the Center through the Tri-Valley Housing Opportunity Center Advisory Board (lhe "Advisory Board") on the services and programs lhat are to be provided by the Center. The Advisory Board will be comprised of one representative from the staffs of each ofthe PPJs and will meet from lime-to-lime as determined by the membership. 3. The Cenler will provide informalion to residenls of the PPJs regarding privale sector lender programs, funding sources and homebuyer pre and post purchase education. The Center will offer a comprehensive counseling and education program to expand mortgage credil opportunities and increase homeownership in the Tri- Valley region. 4. The City of Dublin will provide $50,000 in fiscal year 2005/06, to lhe Center when the following conditions are met: the Center has a permanent Executive Direclor, the Center submits a Business Plan approved by lhe City of Dublin, and the Cenler is operalional and is providing verifiable services 10 Dublin residents. 5. The Cities of Livermore, Pleasanton, and San Ramon shall each contribute $50,000 in fiscal year 2005/2006, in quarterly installments of $12,500 either to the TVBCEC or, after lhe incorporation date, to the Center. 6. The Town of Danville will contribute $50,000 either to the TVBCEC or, after the incorporation date, 10 lhe Center, in three installments: $16,700 in FY 2005/2006; $16,700 in FY 2006/2007; and $16,600 in FY 2007/2008. 7. If another organization (including a municipality) agrees to provide funding to the Center, this Agreemenl will be amended, with the approval of each PPJ. 8. Until the incorporation date, the TVBCEC will ensure that the Center complies with applicable Federal, State, and Local regulalions, prepare all required documentation, undertake all monitoring responsibilities required for operation ofthe project, and will keep all documents relating to the operation ofthe Center readily accessible to the PPJs. All PPJs, lhrough an authorized employee, represenlative or agent, shall have the right during the term of this Agreement and for three (3) years from the termination of this Agreement 10 inspecl, copy and/or audil the books and records of lhe TVBCEC or lhe Center for the purpose of verifYing any and all charges or expendilures made by the TVBCEC or the Cenler in connection with the contributions of monies made by the PPJs. The requesting PP J shall provide reasonable notice of its intenl to inspect, copy or audil during regularly scheduled hours of operations and with notice also provided to all other PPJs. 9. The TVBCEC shall hold harmless and indemnifY the PPJs, their officers, employees, and volunteers for any and all liability arising out of lhe TVBCEC's and lhe Cenler's negligenl acts under this Agreement. 10. As part ofits managemenl responsibilities from lhe dale oflhis Agreement until the incorporation date, the TVBCEC shall procure and maintain, at its own expense insurance for the Cenler's operalions against claims for injuries to persons or damages 10 Page 2