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FUNDS AGREEMENT FOR REPAIRS TO CLEARWATER HIGH SCHOOLS TRACK :;:0 ) AGREEMENT This Funds Agreement is made and entered into between the City of Clearwater, hereinafter referred to as the "City", and Kiwanis Club of Springtime City Foundation, Inc. hereinafter referred to as the "Recipient." WHEREAS, the City and Pinellas County School Board have shared facilities under a joint facility agreement for many years and will partner in sharing resources to construct capital improvement projects; and WHEREAS, the current track at Clearwater High School that is governed by the Pinellas County School Board is in disrepair and needs to be replaced; and WHEREAS, the City desires to continue the support for the facilities for the City's youth and repair of the track will assist the students and attract prestigious races and provide a track for Clearwater citizens to enjoy; and WHEREAS, and the Pinellas County School Board has contributed approximately $170,000 and approximately $135,000 has been raised from the citizens at large toward the necessary repairs; and WHEREAS, Recipient has requested that the City contribute $25,000 toward the project; and WHEREAS, the City Commission of the City did on October 7,1999, approve the donation of $25,000 to Recipient for the sole purpose of track improvements at Clearwater High School. NOW, THEREFORE, the parties agree as follows: ARTICLE I. RESPONSIBILITIES OF RECIPIENT 1. Use and Disposition of Funds Received: Funds received by the Recipient from the City shall be used solely to pay for the improvement and resurfacing of the track at Clearwater High School. Funds existing that are in excess to the intended purpose shall be returned promptly to the City. 2. Liability and Indemnification: Recipient shall act in a fiduciary capacity and as an independent contractor and agrees to assume all risks of providing the services herein agreed and all liability therefore, and shall defend, indemnify, and hold harmless the City, its officers, agents, and employees from and against any and all claims of loss, liability, and damages of whatever nature arising from this from this Agreement. II' ~ ARTICLE III. RESPONSIBILITIES OF THE CITY 1. Grant of Funds: The City agrees to provide a total grant of $25,000 to fund the program in accordance with this agreement. 2. Payments: The total amount of this grant will be paid by the City to the Recipient within thirty (30) days after execution of this agreement. ARTICLE III. TERMINATION 1. For Cause: Failure to adhere to any of the provisions of this agreement as determined by the City shall constitute cause for termination. This agreement may by terminated with five (5) tJays' notice without any further obligation by City. 2. Disposition of Fund Monies: In the event of termination for any reason, monies made available to the Recipient shall be returned to the City within thirty (30) days after notice of the termination by the City. ARTICLE VI. NOTICE Any notice required or permitted to be given by the provisions of this agreement shall be conclusively deemed to have been received by a party hereto on the date it is hand-delivered to such party at the address indicated below (or at such other address as such party shall specify to the other party in writing), or if sent by registered or certified mail (postage prepaid), on the fifth (5th) business day after the day on which such notice is mailed and properly addressed. 1. If to City, addressed to William B. Horne, II, Interim City Manager, Post Office Box 4748, Clearwater, FL 33758-4748 2. If to Agency, addressed to Kiwanis Club of Springtime City Foundation, Inc., c/o Mr. Ed Wells, Jr., 2315 Eastwood Drive, Clearwater, FL 33765. ARTICLE VII. EFFECTIVE DATE The effective date of this agreement shall be as of the _ day of September, 2000. tv) l IN WITNESS WHEREOF, the parties hereto have set their hands and seals this l ~ day of ~ ' 2000. Countersigned: Approved as to form: e C. Hayman sistant City Attorney ,rfJ CITY OF CLEARWATER, FLORIDA By: tf)~ dJJ..--:II William B. Horne, II Interim City Manager Attest: KIWANIS CLUB OF SPRINGTIME CITY FOUNDATION, INC. By: CJ 11J/~/k .9t. Ed Wells, Jr. t7 Its: Recipient August 28, 2000 Mr. Bill Home Interim City Manager P. O. Box 4746 City of Clearwater Clearwater, Florida 33758 RE: $25,000 resurface Clearwater track at Clearwater High School Dear Mr. Home: The City of Clearwater Commission voted to donate $25,000 for the track surface at Clearwater High School facilities. The Kiwanis Club of Springtime City appreciates the City providing funds for this project. The City Parks and Recreation Department hasa contract with the Pinellas County School Board to have meets at Clearwater High School. We are in the process of closing the project out with the donations from the community and individuals. The West "Y" Runners Club has donated $20,000. We need to update the track and field in January. We very much appreciate the City helping provide these funds. Please make the check payable to the Kiwanis Club of Springtime Foundation, Inc. We thank the City for the funds for the youth of Clearwater and the residents to maintain the use of these facilities for the City. Sincerely, [PJ, /J//dh j Ed Wells, Jr. Coordinator: Funds for the Clearwater High School Track The ci t:lI1,d. ri.llE:llas School 13oa:cd a.CJ:ceement .for many year:3. Da.rt]1eJ~ i.n reSO"[lY'ces Ed "v:;0118 i~j D.. C cri\';~TLll:'ll CTLOUP vrn~Lc,n pri.va.tc: dlld. cotnnlu:nitJ/ grou1;E; to ."i.T1.staJ..l ,] state O.T tjl~ C tra.ck sllrfa.ce a,t "n a Btace of di ana needed to be The Cllx.rerlt ty'act 'The Soh.oo] Board has ooctributed .1.-'/ $1'7D/000 to t,n.e t:'I.'dC}::. Sll:bsu.-cfa,ce d.rd,iTla.SJe 'i.ssurE:f) r reTOV f.l.El. z a .-cdou s concrete walks can iJ, 0 L:ncl(:-;l.'" ~ qr()UiJ;:;~ an.(j ':.- f.; 0:~ rn t:~ Tl t. . 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