HomeMy WebLinkAboutR02-Economic Development Agency
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Redevelopment Agency . City of San Bernardino
300 North "D" Street, Foorth F100r . San Bernardino. California 92418
(714) 384-5081 FAX (714) 888-9413
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SteveD H. Dukett
Executive Director
APRIL 10, 1989
MAIN STREET AGREEMENT
Synopsis of Previous Commission/Council/Committee Action:
04-20-87 Approved formation of a "Downtown Action Board" and approved, in
concept only, a Main Street Budget.
06-15-87 Commission received and filed briefing paper on Main Street.
08-17-87 Commission approved a three-year budget for Main Street.
10-19-87 Commission approved Agreement of Cooperation between the Agency and
Main Street.
07-05-88 Commission received a budget update.
(Continued on page 2)
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(COMMUNITY DEVELOPMENT COMMISSION)
Recommended Motion:
That the Community Development Commission approve the execution of a
$915,985 amended Agreement for Main Street Services between the
Redevelopment Agency and Downtown San Bernardino Main Street, Inc.
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Respectfully Submitted,
Director
Supporting data attached: Yes
FUNDING REQUIREMENTS: $915,985
Ward:
Project:
1st
CC
Commission Notes:
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Agenda of: April 17, 1989
Item No. ~
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Synopsis of Previous Commission/Council/Committee Action:
08-01-88 Commission received a Project Activity Report.
04-06-89 The Redevelopment Committee reviewed the proposed Amendment and
recommended approval.
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STAFF
REPORT
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On October 19, 1987, the Commission approved a $420,000 three-year contract
between the Agency and Downtown San Bernardino Main Street, Inc., (Main
Street). Subsequently, Main Street requested an amendment to better describe
and fund the program for a three-year period.
Main Street staff and Agency staff have worked diligently to prepare the
attached three-year $915,985 Agreement for Main Street services which covers
fiscal years 1988-89, 1989-90 and 1990-91. The amended Agreement has been
approved as to form and legal content by Agency Counsel and signed by Main
Street.
The Committee reviewed the proposed Amendment at its meeting on April 6, 1989
and recommended approval. It is, therefore, recommended that the Commission
approve the attached amended Agreement.
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AGREEMENT FOR MAIN STREET SERVICES
THIS AGREEMENT made and entered into this day of
, 1989, by and between the COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF SAN BERNARDINO, a public agency,
("Commission"), and the SAN BERNARDINO DOWNTOWN MAIN STREET,
INC. , a California non-profit public benefit corporation ("Main
Street") :
WITNESSETH:
WHEREAS, the purpose and function of the Main Street
Project (the "Project") is to revitalize the downtown area of the
City of San Bernardino through a partnership between the private
and public sectors, and
WHEREAS, Main Street was formed on July 22, 1987, to
facilitate a unified and comprehensive management approach for
the improvement of the downtown area which involves the entire
community, and
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WHEREAS, the Project furthers the goals and functions of the
Commission, and the purposes and objectives of the community
Redevelopment Law of the State of California (Health and Safety
Code Section 33000, et seq.), in providing assistance in the
redevelopment and rehabilitation of depressed and blighted areas,
in fostering economic growth and employment opportunities and in
serving the general public's need for a safe and attractive
environment, and
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WHEREAS, the parties hereto entered into that certain
Agreement of Cooperation dated October 19, 1987, and
WHEREAS, the purpose of this Agreement is to amend and
restate the October 19, 1987 Agreement and to effectuate the
Project, and serve the goals of Commission, by providing certain
financial and other assistance by Commission to Main Street and
by providing for effective communication and cooperation between
the parties,
NOW, THEREFORE, the parties hereto agree as follows:
1. Mission. Commission hereby retains Main Street in the
capacity as Contractor for services in the Main Street area which
is defined as that area in the City of San Bernardino depicted in
Exhibit "A" attached hereto and incorporated herein. Main Street
hereby accepts such responsibility as described herein.
2. Terms. This Agreement shall commence as of the day and
'- year first above shown, shall be effective for fiscal years (July
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April 4, 1989
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1 through June 30 annually) 1988-89, 1989-90 and 1990-91, and
shall remain in full force and effect until June 30, 1991,
unless sooner terminated as provided herein.
3. Main street Responsibilities. Main Street shall carry
out the work program described in Exhibit "B" attached hereto and
incorporated herein.
4. Compensation. For performance of such services,
Commission will pay Main Street an amount not to exceed the sum
of $915,985, which payment shall constitute full and complete
compensation for Main Street's Services under this Agreement.
Said monies shall be paid according to the following procedures:
initially Commission will authorize an advance payment of
$178,066.80. Main Street shall provide Commission with periodic
reports on the usage of the funds initially drawn. Thereafter,
on or about the first day of each calendar quarter, Main Street
shall submit to Commission an invoice (on forms provided by the
Commission) for Main Street's prospective expenses during said
calendar quarter. Said invoice shall give the total of said
expenses and shall also itemize the same in detail conforming to
the program budget described in Exhibit "c" attached hereto and
incorporated herein. In the event Main Street does not expend
all of the funds received pursuant to any quarterly invoice, it
shall so note and make due credit and allowance therefore upon
its invoice for the following quarter. Any money received by Main
~ Street hereunder and not expended for expenses incurred pursuant
hereto and during the term of this Agreement shall be promptly
returned to the Commission upon the expiration of the term of
this Agreement. Additional funding beyond the term of this
contract may be considered by Commission based upon Main Street's
performance hereunder and the availability of funds.
5. Right to Audit. Commission or any of its duly
authorized representatives shall have access to any books,
documents, papers and records of Main Street and/or its
subcontractors which are pertinent to the specific program
hereunder for the purpose of making an audit, an examination,
excerpts and transcriptions. All books, records and supporting
detail shall be retained for a period of five years after the
expiration of the term of this Agreement, or any extension
thereof, or for any longer period of time as required by law.
6. Audit Exceptions. Main Street agrees that in the event
the program established hereunder is subjected to audit
exceptions by appropriate audit agencies, it shall be responsible
for complying with such exceptions and paying Commission the full
amount of liability resulting from such audit exceptions.
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7. Commission Support. Commission shall provide Main
Street with services, office equipment, and any plans,
publications, reports, statistics, records or other data or
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'-' information pertinent to the services to be provided hereunder
which are reasonably available to Commission.
8. Independent Contractor. Main street shall perform the
services as contained herein as an independent contractor and
shall not be considered an employee of Commission or under
Commission supervision or control. This Agreement is by and
between Main street and Commission, and is not intended, and
shall not be construed, to create the relationship of agent,
servant, employee, partnership, joint venture, or association,
between Commission and Main Street.
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9. Conflict of Interest. Main Street represents, warrants
and agrees that it does not presently have, nor will it acquire
during the term of this Agreement, any interest direct or
indirect, by contract, employment or otherwise, or as a partner,
joint venturer or sharehOlder (other than as a shareholder
holding a one percent (1%) or less interest in publicly traded
companies) or affiliate with any business or business entity that
has entered into any contract, subcontract or arrangement with
Commission. Upon execution of this Agreement and during its
term, as appropriate, Main Street shall upon written request,
disclose in writing to Commission any other contractual or
employment arrangement from which it receives compensation. Main
Street agrees not to accept any employment during the term of
this Agreement by any other person, business or corporation which
employment will or may likely develop a conflict of interest
between Commission's interests and the interests of third
parties.
10. Successor and Assignment. The services as contained
herein are to be rendered by Main Street whose name is as appears
first above written and said Main Street shall not assign nor
transfer any interest in this Agreement without the prior written
consent of Commission.
11. Indemnification. Main Street agrees to indemnify,
defend (upon request by Commission) and save harmless Commission,
its agents, officers and employees from and against any and all
liability, expense, including defense costs and legal fees, and
claims for damages of any nature whatsoever including, but not
limited to, bodily injury, death, personal injury or property
damage arising from or connected with Main Street operations, or
its services hereunder, including any workers' compensation suit,
liability or expense, arising from or connected with the services
performed by or on behalf of Main Street by any person pursuant
to this Agreement.
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12. Insurance. Without limiting Main Street's
indemnification of Commission, Main Street shall provide and
maintain at its own expense during the term of this Agreement the
following program(s) of insurance covering its operation
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April 4, 1989
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hereunder. Such insurance shall be provided by insurer(s)
satisfactory to Commission and evidence of such programs
satisfactory to Commission shall be delivered to the Executive
Director of Commission within ten days of the effective date of
this Agreement.
General Liability: A program including, but not
limited to, comprehensive general liability with a
combined single limit of not less than $1,000,000 per
occurrence. Such insurance shall be primary to and not
contributing with any other insurance maintained by
Commission, and shall name Commission as an additional
insured.
Workers' Compensation: A program including
worker's compensation insurance, where
necessary, with statutory limits.
Failure on the part of Main Street to procure or maintain
required insurance shall constitute a material breach of this
Agreement upon which Commission may immediately terminate this
Agreement.
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13. Compliance with Laws. The parties agree to be bound by
applicable federal, state and local laws, regulations and
directives as they pertain to the performance of this Agreement.
14. Non-Discrimination. In the fulfillment of the program
established under this Agreement, either as to employment,
upgrading, demotion, transfer, recruitment or recruitment
advertising, layoff or termination, rates of payor other terms
of compensation, selection for training, including apprenticeship
or participation in the Program or the receiving of any benefits
under the program, Main Street agrees not to discriminate nor to
allow any subcontractor to discriminate on the basis of race,
color, creed, religion, natural origin, ancestry, sex, marital
status or physical handicap.
15. Severability. In the event that any provision herein
contained is held to be invalid, void or illegal by any court of
competent jurisdiction, the same shall be deemed severable from
the remainder of this Agreement and shall in no way affect,
impair or invalidate any other provision contained herein. If
any such provision shall be deemed invalid due to its scope or
breadth, such provision shall be deemed valid to the extent of
the scope or breadth permitted by law.
16. Interpretation. No provision of this Agreement is to
be interpreted for or against either party because that party or
that party's legal representative drafted such provision, but
this Agreement is to be construed as if it were drafted by both
.~ parties hereto.
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April 4, 1989
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17. Ent~re Agreement. Th~s Agreement supersedes any and
all other agreements, e~ther oral or ~n writing, between the
part~es hereto with respect to the retent~on of Ma~n street by
Commission and spec~fica11y the October 19, 1987 Agreement of
Cooperation and contains all the covenants and agreements between
the parties with respect to such retention.
18. Waiver. No breach of any provision hereof can be
waived unless in writing. Waiver of anyone breach of any
provision shall not be deemed to be a waiver of any other breach
of the same or any other provision hereof.
19. Contract Review. The ongoing review of this Agreement
is the responsibility of Commission's Executive Director or his
or her des~gnee under the authority of the Commission as
expressed herein.
20. Terminat~on. This Agreement may be terminated by
either party as of the last day of any month by giving written
notice at least thirty (30) days prior to the effective
termination date in the written notice. Said written notice
shall include the reason for termination and provide the affected
party an opportunity to personally appear before the governing
board of the other to discuss said reasons.
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21. Notices. Notices, herein shall be presented in person
or by certif~ed or registered U.S. mail, as follows:
To Main Street:
San Bernardino Main Street, Inc.
498 West Court Street
P. O. Box 1431
San Bernardino, CA 92418
To the Commission:
Executive Director
Community Development Commission
of the City of San Bernardino
300 North "D" Street, Fourth Floor
San Bernardino, CA 92418
Nothing in this paragraph shall be construed to prevent the
giving of notice by personal service.
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April 4, 1989
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'- IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed as of the day and year first above
shown.
COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF
SAN BERNARDINO
By:
Steven H. Dukett
Executive Director
SAN BERNARDINO DOWNTOWN MAIN
STREET, INC.
By: YFr"~ r L
Title: Vice-Chairman
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Approved as to form
and legal content:
BY~
../ Gene Counsel
Approved as to program:
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COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF SAN BERNARDINO
By4KiI~' .t.~fJ~k
Jo Hoege Mana r
Development Division
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EXHIBIT A
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EXHIBIT "B"
WORK PROGRAM
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INTRODUCTION
In cooperation with all appropriate Program Area entities. the purpose of
the Main Street Program (hereinafter referred to as "Program") Is to
revitalize Downtown San Bernardino (as shown In Exhibit A). Downtown San
Bernardino Is defined as the Main Street Program Area. The Program will
endeavor to Improve the Program Area's economic and social environment;
create a safe and comfortable place to work. shop. live. be entertained
and Invest; to decrease vacancy. Increase activity and Increase the tax
base. This will be primarily accomplished by using the National Main
Street Center approach (created by the National Trust for Historic
Preservation) consisting of the following four basic elements:
1) Organization; 2) Promotion; 3) Design; and 4) Economic Restructuring.
I. ORGANIZATION DEVELOPMENT AND MANAGEMENT SERVICES
1. Obtain businessperson participation in all stages of the
Program's development and management and wherever possible
relay their concerns, suggestions and problems to the
Commission/City.
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2. Provide Information to Program Area buSinesspersons and others
designed to Increase the understanding of the Program.
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3. Represent Individual Program Area businesspersons regarding
Issues they may have with the City and other appropriate
governmental agencies.
4. Participate In the detailed planning of the Program Area.
Serve In a collaborative role In planning. development.
amendments. revisions and Implementation of the Program to
include. but not limited to. the Main Street work program/plan,
the City's General Plan. the Commission's Redevelopment Plans.
etc.
5. Hold monthly meetings to Inform. gather Information and
recommendations on Program matters.
6. Prepare and submit to the Commission quarterly financial and
progress reports pertaining to all Program activities.
7. Convene special Program meetings when necessary.
8. Conduct a special annual meeting.
9. Conduct an annual Program training seminar for Board members.
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10. PublIsh perIodIc newsletters and dIssemInate throughout the
Program Area.
11. Ensure contract compliance wIth all subcontractors, I.e.,
architects, streetscape archItects, engIneers, etc.
12. Ensure Program objectives are realistIc and kept up-to-date, by
a regular review.
13. SubmIt one copy of all Board of DIrectors meetIng notIces,
agendas, meeting mInutes, as well as other officIal
publIcatIons such as quarterly newsletters to the Commission's
ExecutIve DIrector.
II. PROMOTIONAL SERVICES
1. Develop appropriate Program marketing plan tools/package, i.e.
brochures, audIo-vIsual presentation(s), etc. for use In
marketing the Program Area.
2. Create, sponsor and market at least two annual Program special
events to attract substantIal interest and draw signifIcant
consumers to the Program Area.
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3. Market the Program through approprIate presentatIons (wIth a
goal of one presentatIon per quarter) to civIc organizations
and other Interested groups on the purpose and goals of the
Program, Program Area investment opportunities and other
revitalIzation sUbjects of concern to appropriate groups.
4. Market the Program through attendance of at least one
approprIate trade show per year to recruIt new busInesses,
investors and developers.
5. Create a quality environment to attract tourists and
conferences through appropriate cooperation with the Convention
and VIsItors Bureau.
6. Together, with the City's PolIce Department, develop an
appropriate crime reduction/prevention plan/program, that may
include, but is not limited to, such approaches as neighborhood
watch and foot patrol services In the Program Area.
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III. PUBLIC IMPROVEMENTS, DESIGN AND RENOVATION ACTIVITIES
1. Together with the Commission and City, plan a program of public
streetscape Improvements for the Streetscape Program Area (as
shown on Exhibit A). It is understood by the parties that the
Commission has budgeted $2,250,000 for this purpose (inclusive
of the $141,985 contained in this contract's budget for public
improvements planning and preliminary design) and that the
actual Improvements constructed wIll be so constructed by or on
behalf of the City through its
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Department of Public Horks. Main Street's primary
responsibility will be to plan, in cooperation w1th the City
and Commission, these 1mprovements through to the preliminary
design stage, Includ1ng prel1mlnary cost estimates. The C1ty
or Commission will have responsibility for final design of the
Improvements that are preliminarily approved jointly by Main
Street, City and Commission. The Commission w1ll be
responsible for financing said Improvements constructed by or
on behalf of the City (exclusive of this contract) up to
$2,108,015. In the event that the publ1c Improvements desired
are estimated to exceed $2,108,015 in value, Main Street, City
and Commission will together formulate an appropr1ate fund1ng
plan that may include construction phasing.
2. Develop, in cooperation w1th City, Commission and other
appropriate public and civic bodies, a plan to improve public
parking and traffic c1rculatlon 1n the Program area.
3. Develop, In cooperation with the City and Comm1ssion, a
long-term public Improvements maintenance plan which will
include a financing component.
4. In cooperation with the Commission and City, create and
recommend appropriate development design standards in a form
that the City may Include within their Implementation Program
under the General Plan.
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5. In cooperation with the Commission, create and finance a
building facade renovation program for the Program Area that is
consistent with the development design standards approved by
C1ty for the Program Area. The Implementation of this Program
component will be gu1ded by administrative procedures that will
specifically define program parameters, operations and
financing. In antlclpat10n of such procedures, Included with1n
this Contract's Program Budget 1s $225,000 wh1ch Is ded1cated
to assisting In the financing of this Program element.
Further, Main Street shall not expend any of these funds
without first seeking and obtaining Commission's approval of
the program's Implementation procedures.
6. In cooperation with the Commission, create and finance a
Program that will abate nuisance/nonconforming signs (e.g.
signs that are not In conformance w1th the City's Development
Design Standards). The Implementat10n of this program
component will be gU1ded by administrative procedures that will
specifically define program parameters, operations and
financing. In antlc1pation of such procedures, included w1thin
this Contract's Program Budget is $30,000 wh1ch Is dedicated to
assisting In the financing of th1s Program element. Further,
Main Street shall not expend any of these funds without first
seek1ng and obtaining Commiss1on's approval of the program's
implementation procedures.
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IV. ECONOMIC RESTRUCTURING ACTIVITIES
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1. Assist all appropriate Program Area agencies. brokers.
landlords, etc. in filling existing shop and office vacancies
by recruiting and/or referring at least four potential tenants
per quarter. Emphasis will be placed on recruiting and
retaining businesses that will tend to increase foot traffic in
general and evening and week-end activities specifically.
These shall include. but not be limited to, such businesses as
general merchandise retail. restaurants. entertainment and
services. Through such efforts, Main Street shall bring about
a net increase in occupancy of 3,000 square feet of street
front retail and 10,000 square feet of commercial office space
each year.
2. Assist Commission and City and all appropriate Program Area
agencies, brokers, land owners, developers, etc. in developing
their properties by recruiting, referring and/or assisting at
least four such entities each quarter through the development
entitlement process (e.g., City land use and building permit
process) and/or project financing process (e.g., private
financing as well as any local, state or Federal financial
resources, including such sources as SBA, EDA, HUD, etc.).
Emphasis will be placed on recruiting, referring, and/or
assisting developments that are consistent with the City's
Development Design Standards which support the kinds of
business operations defined in Number 1 above.
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3. Retain existing businesses by tracking businesses in the area,
evaluate their needs and intervene where necessary to ensure
their retention.
4. Develop and implement a Program self-sufficiency effort. This
effort is directed towards enabling the Program to be
self-funded. This effort will include methods by which the
Program will obtain financial contributions to Program
activities that are beyond the scope of this contract, but may
be used in furtherance of Program goals. The Program will
endeavor to obtain at least $20,000 in contributions annually.
Such contributions mechanisms can include, but will not be
limited to, such things as membership dues, fees for services,
grants, in-kind services. etc.
5. For the purpose of developing and improving the business acumen
of Program area merchants and businesspersons, conduct at least
semi-annual business management and technical assistance
seminars on subjects pertinent to Program Area needs.
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PROGRAM BUDGET
ffscalYear 1 (July I, 1988 through June 30, 1989)
A. Administrative Services
a. Project Director consultant contract
fee @ $5,000 per month x 7 months
b. Project Director's business expense account
@ approximately $400 per month
c. Temporary or part-time staff services
d. Telephone @ approximately $250 per month
x 4 months
e. <>fflce supplies @ approximately $208
per month x 7 months
f. <>fflce space rent @ $1,000 per month
g. Postage @ approximately $250 per month
x 4 months
h. Accounting services and annual financial
aud It
1. Professional conferences (Includes travel
[not to exceed coach fare by common
carrier], lodging, per diem and
registration at rates not to exceed
actual costs)
j. Memberships and subscriptions
k. Printing, reproduction and audio-visual
presentation materials
1. General Insurance
m. Advertising/public relations
n. Facade development and sign abatement
design consultant(s)
o. Business recruitment market analysis
consul tant< s)
p. Marketing and economic analysis
consultant(s)
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Exhibit "c"
$ 35,000
1,500
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1,000
1,500
4,000
1,000
3,500
1,500
1,500
15,000
2,000
2,000
15,000
15,000
10,000
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q. BusIness support/retentIon semInar
expenses
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Subtotal
B. CaDI tal Outlavs
a. OffIce equIpment purChase (desk-top
copIer @$2,500 and personal
computer-word processor wIth software
@ $8,000>
b. BuIldIng facade renovatIon program grants
and or loans (actIvIty procedures must
be approved by CommIssIon Board prIor to
any expendIture>
c. SIgn abatement program (actIvIty procedures
must be approved by CommIssIon Board prIor
to any expendIture>
d. PublIc Improvements plannIng and
prelImInary desIgn consultant(s>
Subtotal
Grand Total
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II. FIscal Year 2 (July I, 1989 through June 30, 1990>
A. AdmInIstratIve ServIces
a. Project DIrector consultant contract fee
@ $5,000 per month
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b. Project DIrector's busIness expense account
@ approxImately $417 per month
c. Temporary or part-tIme staff servIces
@ approxImately $834 per month IncludIng
employee benefIts.
d. Telephone @ approxImately $250 per month
e. OffIce supplIes @ approxImately $208
per month
f. OffIce space rent @ $1,000 per month
g. Postage @ approxImately $250 per month
h. AccountIng servIces and annual fInancIal
audIt @ approxImately $417 per month
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2.500
$112,000
$ 10,500
75,000
5,000
141.985
$232,485
$344 485
$ 60,000
5,000
10,000
3,000
2,500
12,000
3,000
5,000
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Professional conferences (Includes travel
[not to exceed coach fare by common
carrier). lodging .per diem and
registration at rates not to exceed
actual costs)
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j. Memberships and subscriptions
Ie Printing. reproduction and audio-visual
presentation materials
1. General Insurance
m. Advertising/public relations
n. Facade development and sign abatement
design consultant(s)
o. Business recruitment market analysis
consultant(s)
, p. Marketing and economic analysis
consultants(s)
q. Business support/retention seminar expenses
Subtotal
B. Capital Outlays
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a. Office equipment
b. Building facade renovation program grants
and or loans (activity procedures must
be approved by Commission Board prior
to any expenditure)
c. Sign abatement program(actlvlty procedures
must be approved by Commission Board prior
to any expenditure)
d. Public Improvements planning and
preliminary design consultant(s)
Subtotal
Grand lota 1
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3.000
3.000
17 . 500
3.000
5,000
30.000
25.000
5.000
5.000
$197.000
$ -0-
75,000
10.000
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S B5.000
$282 000
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III. FIscal Year 3 (July I,
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1990 through June 30, 1991)
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A. AdmInIstratIve ServIces
a. Project DIrector consultant contract
fee @ $5,208.83 per month
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b. Project DIrector's busIness expense
account @ approxImately $417 per month
c. Temporary or part-tIme staff servIces
@ approxImately $1,250 per month
IncludIng employee benefIts.
d. Telephone @ approxImately $250 per month
e. OffIce supplIes @ approxImately $208
per month
f. OffIce space rent @ $1,000 per month
g. Postage @ approxImately $250 per month
h. AccountIng servIces and annual fInancIal
audIt @ approxImately $417 per month
I. ProfessIonal conferences (Includes travel
(not to exceed coach fare by common
carrIer], lodgIng ,per dIem and
regIstratIon at rates not to exceed
actual costs)
j. MembershIps and subscrIptIons
k. PrIntIng, reproductIon and audIo-vIsual
presentatIon materIals
1. General Insurance
\'-
m. AdvertIsIng/publIc relatIons
n. Facade development and sIgn abatement
desIgn consultant(s)
o. BusIness recruItment market analysIs
consultant(s)
p. MarketIng and economIc analysIs
consultants(s)
q. BusIness support/retentIon semInar expenses
Subtotal
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$ 62,500
5,000
15,000
3,000
2,500
12,000
3,000
5,000
3,000
3,000
17 ,500
3,000
5,000
30,000
25,000
5,000
5.000
$204,500
--..-..
-~-----'---'---~-'~'._---'----~--'--" "',-.--- -- ---- -
~..' ..
........
-,'
y
\..
B. CaDI tal Outlavs
a. OffIce equIpment
b. BuIldIng facade renovatIon program grants
and or loans (actIvIty procedures must
be approved by Commission Board prIor to
any expendIture>
c. SIgn abatement program (actIvIty procedures
must be approved by Commission Board prior
to any expenditure>
d. PublIc Improvements plannIng and
prelIminary desIgn consultantCs>
Subtotal
Grand Total
THREE-YEAR PROGRAM BUDGET SUMMARY
\'
Xlli
FIscal Year 1988-89
Fiscal Year 1989-90
Fiscal Year 1990-91
Overall Grand Total
$ -0-
75,000
10.000
-0-
$ 85,000
J289 500
Amount
$344,485
282,000
289.500
1915.985
Note: Agency revenue sources Include any and all Interest earned by
Main Street while they are In possessIon of Agency funds.
ApproprIate offset for all earned Interest shall be made on all
InvoIces submItted by MaIn Street.
1723H
,
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