TRI-VALLEY BUSINESS COUNCIL - Laserfiche WebLink

TVBCEC and the Center through the Tri-Valley Housing Opportunity Center Advisory Board (the "Advisory Board") on the services and programs that are to be provided by the Center. The Advisory Board will be comprised of one representative from the staffs of each of the PPJs and will meet from time-to-time as determined by the membership. 3. The Center will provide information to residents of the PPJs regarding private 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 credit opportunities and increase homeownership in the Tri-Valley region. 4. The City of Dublin will provide $50,000 in fiscal year 2005/06, to the Center when the following conditions ale met: the Center has a permanent Executive Director, the Center submits a Business Plan approved by the City of Dublin, and the Center is operational and is providing verifiable services to 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 the incorporation date, to the Center. 6. The Town of Danville will contribute $50,000 either to the TVBCEC or, after the incorporation date, to the 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 Agreement 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 regulations, prepare all required documentation, undertake all monitoring responsibilities required for operation of the project, and will keep all documents relating to the operation of the Center readily accessible to the PPJs. All PPJs, through an authorized employee, representative or agent, shall have the right during the term of this Agreement and for three (3)years from the termination of this Agreement to inspect, copy and/or audit the books and records of the TVBCEC or the Center for the purpose of verifying any and all charges or expenditures made by the TVBCEC or the Center in connection with the contributions of monies made by the PPJs. The requesting PPJ shall provide reasonable notice of its intent to inspect, copy or audit during regularly scheduled hours of operations and with notice also provided to all other PPJs. 9. The TVBCEC shall defend, hold harmless and indemnify the PPJs, their officers, employees, and volunteers for any and all liability arising out of the TVBCEC's and the Center's negligent acts under this Agreement. 10. As part of its management responsibilities from the date of this Agreement until the incorporation date, the TVBCEC shall procure and maintain, at its own expense insurance for the Center's operations against claims for injuries to persons or damages to Page 2