JPA ECONOMIC DEVELOPMENT - Laserfiche WebLink

In order to this program to address the ical threats to Alameda County's economic competitiveness and quality of lift, each party has agreed to finance and participate in the program, beginning FY 94/95. AGREEMENT Alameda County shall assume a significant coordination role in implementing the Countywide Alameda County Economic Development Program. An Economic Development Advisory Board consisting of public, private and non- profit agency representatives, specified in "Exhibit B" incorporated herein by reference, shall oversee and direct the work of the program. The parties shall direct appropriate City and County staff to fully participate in the special councils, committees, task forces and technical advisory groups to be convened on a permanent or ad hoc basis to advise and assist the Advisory Board and program staff, including the Economic Development Directors Council. The parties shall share in meeting costs allocated in the 14 Cities and the County for participation in the program in accordance with the Schedule of Annual Cost Sharing incorporated herein and described by reference as "Exhibit C." The County of Alameda shall contribute an annual amount of $92,000 to the program. The 14 Cities shall contribute a total of $215,000 annually to the program in the proportions stated in Exhibit C. The indicated amounts for the Cities are based on a per capita distribution. A separate fund shall be established for the sole and exclusive purpose of receiving financial contributions for the Alameda County Economic Development Program. The County Auditor-Controller shall oversee disbursements, which must be authorized by the signature of the County Administrator. A strict accounting of funds and report of all receipts and disbursements shall be made. Upon completion of the purposes of this Agreement, any surplus money on hand shall be returned in proportion to the contributions made. In accordance with the Implementation and Financing Plan, the Alameda County of Supervisors (Board of Supervisors) shall enter into a contract to carry out the stated objectives of the program. The Board of Supervisors shall require its contractors to provide a hold harmless and indemnity guarantee for the benefit of all parties to this agreement. The Economic Development Program shall issue monthly updates and briefing reports through the Advisory Board to the Board of Supervisors, the Mayors' Conference and the City Management Association. In addition, the Advisory Board shall submit an annual program assessment and update of program goals and objectives to the Board of Supervisors and the Mayors' Conference as part of their annual budget request. Any modifications to this agreement regarding financial contributions, fundamental purposes, or basic organizational structure must be jointly agreed to in writing by the parties. It is anticipated that programmatic changes may be necessary from time to time in order to carry out faithfully and adequately the