R93-12 AUTHORIZING AGREEMENT - DECATUR INDUSTRY & TECHNOLOGY CENTER

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. � ; , E. The CICD will provide the City of Decatur with an annual administrative budget for the purpose of operating and monitoring the DITC. The budget is to be presented for each fiscal year and to the greatest possible extent, plan and cover all related administrative and operating expenses for each fiscal year. Any unused budget allocations will revert back to the DITC for future budget allocations. F. The CICD will provide the City of Decatur an annual report on all activities carried out by the DITC under the administrative management of the CICD. Said report will include but not be limited to information regarding occupancy, tenants, graduations, generated employment, available services, revenue/expenses, lease rates, property/buildings, management and administration. G. The CICD Business Committee will provide appropriate com�tiunity , advisory oversight related to the operations, management and financial aspects of the DITC at its regularly scheduled meetings. Summaries of operations and I activities will be forwarded to the Executive Committee of the CICD and the � administration of the City of Decatur. H. The CICD will make available to the City of Decatur, their authorized representatives, program auditors or state or federal officials, the files of all activities conducted under this agreement related to the DITC for the purposes of audit and review. The CICD shall cooperate with the City of Decatur in preparing and making any reports to other parties as appropriate and necessary for activities conducted under this agreement. II. ACTIONS BY Tf� CITY A. The CITY shall provide the CICD with convenient access, at mutually agreeable times, to the CITY administration and staff to facilitate projects undertaken by the CICD related to the DITC. B. The CITY shall prnvide the CICD with timely decisions on matters which must be presented to the CITY before tYie CICD can proceed. The CICD shall not be held responsi.ble for delays caused by the failure of the CITY to provide timely policy direction or decisions. C. The CITY shall provide the CICD with limited legal services from its Corporation Counsel related to the review, execution and termination of tenant leases, collection of delinquent rents and other related tenant and operation services, as directed by the City Manager. D. The CITY shall, at no cost to the CICD, name the CICD as an additional i.nsured on property liability coverage for the DITC against third party claims at DITC properties and a copy of said endorsement shall be provided to the CICD. E. The CITY will provide the CICD with access to Community Development and other CITY staff and files that may be necessary for the CICD to carry out projects and operations involving the DITC. (2}